National
Cleveland to Get New Police Station
By Adrian Maties, Associate Editor The city of Cleveland is working together with MidTown Cleveland Inc. on a $17.5 million development project that will bring the first new police station to the city in 34 years. The project will help make the neighborhood safer, will catalyze development–and will free two important properties in Midtown and […]
Holliday Fenoglio Closes Industrial, Office Sales
Holliday Fenoglio Fowler’s Houston branch announced closing the sales of both a four-building, Class A industrial portfolio and a 95,166-square-foot office property last week.
Lingerfelt Acquires 484,000 Sq. Ft. Office Portfolio
By Eliza Theiss, Associate Editor Lingerfelt Companies of Richmond, VA has announced the purchase of a 484,04-square-foot office portfolio dubbed Nashville Airport North Portfolio from Highwoods Properties, Inc. The buyer paid $41 million. The portfolio is comprised of five Class A office buildings located in Nashville’s airport submarket, in three mature office parks: the BNA […]
ARA Closes Sale of 204-Unit Old Fourth Ward Apartment Community; Lincoln Property Brokers Three Major Atlanta Leases
By Georgiana Mihaila, Associate Editor ARA—a privately held, full-service investment advisory brokerage firm specializing in the multifamily industry—recently announced the sale of its 626 DeKalb 204-unit apartment community. Buyer Mesa Capital Partners, an apartment acquisition and development firm, paid $21 million for the Old Fourth Ward apartment community. Mesa Capital Partners specializes in the creation […]
Developers Planning New Housing at Harbor Point
By Adrian Maties, Associate Editor Baltimore’s Harbor Point is a mammoth waterfront project by John Paterakis Sr. and the developers now intend to make it even bigger. On Thursday, July 5, at a meeting of Baltimore’s Urban Design and Architecture Review Panel (UDARP), representatives of John Paterakis’ Harbor East Development Group presented a preliminary […]
Woodward Gardens Block Development to Utilize Clean Energy from Detroit Thermal
By Veronica Grecu, Associate Editor Detroit Thermal (DT), a key component of the city’s clean energy infrastructure, announced the addition of Woodward Gardens to its network of over 140 greater downtown area properties that utilize steam energy. Located on Woodward between Mack and Warren, Woodward Gardens Block Development is a four-phased, mixed-use project that aims […]
Universal Orlando to Add 1,800-Room Cabana Bay Beach Resort
Universal Parks & Resorts and Loews Hotels & Resorts plan to accommodate families looking for high-quality, high-value options at Universal Orlando by building a new 1,800-room hotel.
Foreign Investors Sought for New Proposed Multi-Hotel Complex and Convention Center
By Gabriel Circiog, Associate Editor The Intercontinental Regional Center Trust of Chicago (IRCTC) and Chicago developer Anshoo Sethi are hoping to attract foreign investors via the EB-5 program for their proposed multi-hotel complex and convention center near O’Hare International Airport. The proposed development is projected to have a total economic impact of $2.6 billion over […]
RedPeak Properties to Break Ground on New Apartment Complex
By Gabriel Circiog, Associate Editor RedPeak Properties is breaking ground on a new apartment complex in Denver’s uptown neighborhood, The Denver Post reports. Located between 18th and 19th avenues and Logan and Pennsylvania streets, the 302-unit apartment complex—One City Block—was designed and will be built to achieve LEED Silver Certification. The complex will feature studios […]
The Vue’s Woes Over?
By Eliza Theiss, Associate Editor It seems Charlotte’s ultimate luxury residential tower is at a crossroads. Real estate firm HFF LP announced it has closed the sale of a loan secured by The Vue—the 409-unit, 51-story Class A luxury residential tower located in Charlotte’s Fourth Ward. As previously reported, HFF began marketing The Vue’s $130 […]