National
University of Arizona, Developers Embark on 350-Acre Mixed Use in South Tucson
The trendlines continue to point to a steady, albeit slow, recovery of the real estate market in the Tucson region. Amidst a series of large-scale developments aimed at strengthening the area’s economy, The Bridges development in South Tucson is moving ahead as planned.
American Society of Radiologic Technologists Debuts $8.5M Expansion
In October 2011, The American Society of Radiologic Technologists was announcing the incipient stages of renovation of its Albuquerque office. The construction project included the addition of 30,000 square feet to the existing building.
New York Parks Now Have Free Solar-Powered Charging Stations
Imagine you’re taking a walk in the city and your cellphone starts ringing. It’s your mom / boss / partner / landlord and you know you absolutely must take this call but that evil “low-battery” message thinks something else. So what do you do, with no chargers around?
San Francisco Single Family Housing Inventory Constrained; Santa Clara University Pens Expansion Deal
After months of growth in terms of price and number of sales, San Francisco’s housing market reached an important milestone earlier in the year when the median value of a home in the area exceeded the $1 million mark. The improving market has clearly taken its toll on the city’s housing stock as The San Francisco Business Times recently reported that there are 30 percent fewer available homes on the market now than the same time last year.
OakPoint Acquires Briarcroft and Continental Buildings in Austin
Nashville-based OakPoint Investments purchased two of Austin’s office buildings in partnership with local Haverwood Management. Details about the transaction have not been disclosed.
Eurasia Resorts Seeks Return to Super-Sized Development
The city’s recent switch from the new, bombastic mega-resorts of the Strip and focus on smaller projects seemed to mark a new direction for its fortunes. However, the market for massive, imposing projects has not completely gone away as Eurasia Resorts International recently announced a world-class entertainment initiative for the city of Las Vegas. The company’s tentative development plan would insert a number of projects that were considered as lacking in Las Vegas, projects that would complete the high-rolling image that the city has been selling.
Peak Partners Capital Acquires Sandia Valley Apartments
Albuquerque’s Sandia Valley Apartments has changed owners. This is not the first residential community to be acquired by Peak Capital Partners in New Mexico, two other complexes from Santa Fe having been purchased by the investment company in the past three years: Tuscany at St. Francis and Bluffs at Tierra Contenta, with 176 and 160 units respectively.
Server Farm Realty Unveils New 450,000-Square-Foot State-of-the-Art Data Center in Chicago
Server Farm Realty LLC recently unveiled 840 South Canal, their newest state-of-the-art data center facility in Chicago, at an invitation only ribbon cutting ceremony attended, among others, by Chicago’s Mayor Rahm Emanuel and Peerless Network’s CEO John Barnicle.
E2M Strategic Fund and Wood Partners Acquire 351-Unit Del Arte Lofts & Flats
E2M Strategic Fund LP, the fourth private equity fund of Dallas-based E2M Partners, together with Wood Partners has purchased Del Arte Lofts & Flats in the Denver suburb of Aurora.
Music Row Apartment Asset Sold for $15.6M
It’s another big apartment sale for Nashville. Although it didn’t break Eleven North’s all-time record selling price, Note 16’s $181,000 per unit selling price has certainly made a splash in Music City’s oh-so-dynamic multifamily market.