National
HCDA Green-Lights First of Three Howard Hughes Residential Projects in Downtown Honolulu
The first of the three residential towers proposed by the Howard Hughes Corporation in Honolulu’s Kakaako neighborhood has been approved by the Hawaii Community Development Authority.
RES Americas to Develop 200 MW Pleasant Valley Wind Farm for Xcel Energy
RES America Developments Inc., recently announced it has partnered up with Xcel Energy to build the 200 megawatt Pleasant Valley Wind Farm. Located near Austin, Minnesota, adjacent to the Grand Meadow wind project owned by Xcel Energy, Pleasant Valley Wind Farm is part of 600 megawatts of wind power recently announced by Xcel Energy in the Upper Midwest service territory.
D.C.’s Washington Harbour Sells to South Korean Investors
D.C.’s Washington Harbour has a new owner. Principal Real Estate Investors acquired the asset for a consortium of South Korean investors advised by Simone Investment. Holliday Fenoglio Fowler represented the seller, a joint venture between Rockpoint Group and MRP Realty, and announced the closing of the sale on July 22.
Two Roaring 20s Landmarks Reinvented as Hollywood Studio, Event Space
Yes, you got that right! Hollywood! The Big Apple will soon have its first and only outdoor studio set on 36th Street between 34th and 35th Avenues in Astoria. Kaufman Astoria Studios, a historic film and media production facility that was established more than 90 years ago as Paramount’s east coast production arm, is looking to expand and bring a little bit of that Hollywood magic in this section of Queens.
JV to Build 300,000 Sq. Ft. Mixed-Use Complex in Forest Hills
Forest Hills Arborway, LLC, a joint venture between Beacon Hill-based The Brennan Group and real estate development and investment firm John M. Corcoran Company plans to create a 300,000-square-foot residential and commercial complex in Jamaica Plain’s Forest Hills area. The development team filed this week a Project Notification Form with the Boston Redevelopment Authority (BRA).
Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap
A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.
Live/Work Community in Studio City Secures Recapitalization Deal Worth $37 Million
One of the city’s strong points will always be linked to the film industry and that appeal is precisely what prompted Cahuenga Pass Development’s Universal Lofts project. The company recently completed a recapitalization on the project, secured by locally-based real estate investment banking firm, Dekel Capital. The company arranged for a total of $37.5 million in bridge and mezzanine debt for Cahuenga.
Apartment Projects Approved by Baltimore’s Urban Design and Architecture Review Panel
Baltimore will soon say hello to a new high-rise building. Developer David S. Brown Enterprises Ltd. of Owings Mills has plans for a 30-story mixed-use development on the eastern edge of the University of Maryland, Baltimore campus.
Battle of the Giants: Hines, Chevron Supersize Upcoming Skyscrapers
Houston’s commercial market is in the spotlight again, with two major developers looking to deliver the city’s next great skyscraper.
Crescent Communities Offers Larger Apartments in $40M Multi-Family Development
Crescent Communities of Charlotte has announced plans to develop Crescent Main Street, a $40 million multi-family complex in Durham’s Ninth Street district.