National
Aloft South Beach Tops Off
Aloft South Beach, an adaptive reuse project announced earlier in May topped off according to JMH Development, one of the partners in the joint venture that develops the new 235-room hotel in the heart of Miami’s South Beach submarket.
Chartwell Capital Buys Multifamily Complex in Class A Location for $21.3M
The 428-unit residential complex at 7671 E. Tanque Verde Road in Tucson changed hands. Utah-based Chartwell Capital Partners, LLC acquired the asset from Holualoa Companies of Tucson for $21.3 million. The property was 94 percent leased at time of sale.
New Loews Hotel in the Pipeline for Universal Orlando
Loews Sapphire Falls Resort, as the new full service facility will be called, opens in the summer of 2016 according to a recent announcement released by Universal Orlando Resort and Loews Hotels & Resorts.
One and Two Parkway Center under New Ownership
The Marietta complex totaling 458,861 square feet has been purchased in a direct off-market transaction by Fairlead Commercial Real Estate and equity partner Bridge Investment Group Partners, managers of the ROC Funds.
Anex Office Signs Lease in Miami’s Brickell Financial District
The Miami-based company recently signed an 11,000-square-foot lease agreement at the office building on 1001 Brickell Bay Drive, formally known as Brickell Bay Office Tower.
The Weitz Co. to Build Senior Living Community on 6.5 Acres
The Weitz Company, a national full-service construction firm has recently announced its selection to build the Hacienda at The River project for The Freshwater Group, Watermark Retirement Communities, Inc.’s acquisition, finance, design and development arm.
Construction Nears for Island Paradise Investments’ $75M Senior Care Community in Waikiki
Island Paradise Investments of San Francisco will soon break ground on a 17-story senior living facility at the entrance to Waikiki on Kalakaua Avenue.
Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset
An entity formed by Wood Partners and Prudential Real Estate Investors, PR III/Wood Chandler Apartments LLC, recently completed the purchase of a property slated for a 301-unit apartment community redevelopment in downtown Chandler.
HFF Arranges $9.85M Financing for Apartment Conversion Project in Downtown Indianapolis; Officials Celebrate $10M Renovation of Historic IU Medical Building
Pennsylvania-based HFF has secured $9.85 million in financing for 333 Penn, a 78-unit, adaptive re-use apartment building at in downtown Indianapolis.
Dan Walker Proceeds with Plans in 7.6-Acre Business Park in Memphis; Tennessee Plans $70M Veterans’ Nursing Home for Shelby County
Memphis-based Dan Walker Associates Inc. is moving ahead with plans for the development of a new large office building park, according to the Memphis Business Journal.