National
Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments
The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star’s parent company, Virginia-based Gannett Co. Terms of the transaction were not disclosed.
Westin Hospitality Property Undergoes $30M Renovations
The Westin La Paloma Resort & Spa, a 250-acre hospitality property nestled in the foothills of the Santa Catalina Mountains, is currently undergoing a $30 million renovation that began in the spring of 2012.
Marcus & Millichap Gains Listing for 240-Unit San Antonio Apartment Complex
Bandera Commons, the 240-unit apartment complex in San Antonio, has become the exclusive listing of Marcus & Millichap Real Estate Investment Services, with the price yet “to be determined by market”. Senior associates Joe James and Kent Myers, together with associate Reynold Greenway, all from the Austin Marcus & Millichap office, will act as brokers for the seller, a private investor.
126 KSF Dillard’s Announced as Anchor of Summit Fremaux Phase II
CBL & Associate Properties, Inc. and Stirling Properties have announced that Fremaux Town Center Phase II will be anchored by national fashion apparel and home furnishings retail chain Dillard’s Inc.
Greenway Plaza Becomes Largest LEED-Certified Office Campus in Texas
Crescent Real Estate Holdings’ 10-building office campus, Greenway Plaza, recently achieved LEED certification from the U.S. Green Building Council, becoming the largest Texas office campus to earn this designation.
Public-Private Partnership to Add ‘Central Park’ to Brooklyn, Jacksonville Development
A public-private partnership is looking to bring a signature park to historic Brooklyn and to increase the quality of life for residents of the city; Mayor Alvin Brown and Jen Jones—executive director of Jacksonville Unity Plaza Inc.—accepted the deed to the premiere ‘central park’ for Jacksonville at the construction site of 220 Riverside, a mixed-use development aiming to revive Brooklyn.
Metropolitan Resort Orlando Soon to Become World’s Largest Econo Lodge
California Hotels has big plans in metropolitan resort orlandostore for the 297-room Metropolitan Resort; through its subsidiary, 8444 Investments LLC, the company plans to convert the property to The World’s Largest Econo Lodge.
Jefferies LoanCore Provides $60M Mortgage for Hingham Shipyard Retail Center
The Debt & Equity Finance team of CBRE/New England has negotiated $60 million in first mortgage financing with New York-based investment bank Jefferies LoanCore on behalf of real estate development company Samuels & Associates. According to Citybizlist, the loan will be used to secure The Launch at Hingham Shipyard, a transit-oriented shopping center located at 349 Lincoln Street at Shipyard Drive, on the former site of the historic World War II naval shipbuilding.
22-Story Second Ward Mixed-Use Development on Track for Completion
What was once an unfinished eyesore in Charlotte’s Uptown is now shaping up to be a prized downtown asset.
$500M Mixed-Use Trio of Towers Proposed for Downtown Austin
“Every project begins with a vision, and this is a grand vision on a great site,” said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through the addition of three new towers, one of which could become the city’s tallest building.