National
Affirmed Housing Group Completes Affordable Apartment Community
By Gabriel Circiog, Associate Editor Affirmed Housing Group has announced the grand opening of the City Scene Apartments in the North Park neighborhood of San Diego. City Scene Apartments features 31 affordable homes which are addressed to those who earn 50-60 percent of San Diego County’s Area Median Income. Located at 4105 Georgia Street, the […]
Regency Plans 280,000 SF Retail Center for Issaquah
By Alex Girda, Associate Editor Issaquah Highlands, a master-planned community east of Downtown Seattle, will get a 280,000-square-foot grocery-anchored shopping center. Regency Centers will develop Grand Ridge Plaza on a vacant 25-acre parcel situated in the heart of the development. Regency’s forthcoming development will be anchored by Safeway, which will occupy 44,543 square feet. A […]
Grocery-Anchored Shopping Centers Attract Interest in Tampa Bay Area
TNP Strategic Retail Trust—a public non-traded REIT that invests in grocery- and drug store-anchored retail properties—purchased the Bloomingdale Hills retail center in the Tampa suburb of Riverview for an undisclosed amount.
HFF Arranges $85M Refi for The Houstonian Hotel, Club & Spa
Holliday Fenoglio Fowler L.P. arranged an $85 million refinancing for Houston’s premier luxury hotel and fitness facility, The Houstonian Hotel, Club & Spa. Working on behalf of owner The Redstone Cos.—a privately owned company with a focus on hospitality, real estate and private equity—HFF secured the fixed-rate loan with AXA Equitable Life Insurance Co. providing the capital through its advisor, Quadrant Real Estate Advisors.
Silver Spring’s Station Square Sold for $120.6M
By Adrian Maties, Associate Editor Brandywine Realty Trust announced on Monday, June 25, that its Brandywine-AI Joint Venture has agreed to purchase three office properties in Silver Spring, Md. The acquisition price for the three-building portfolio was $120.6 million, or $241 per square foot. Known as Station Square, the portfolio totals 499,395 square feet. It […]
JV Breaks Ground on Luxury Development in Jersey City
Development partners Ironstate Development Company and Kushner Real Estate Group have broken ground on 18 Park—a 550,000-square-foot, mixed-use project that will replace an undeveloped site adjacent to the Liberty Harbor North Light Rail Station near PATH and ferry service to Manhattan, all within the Liberty Harbor Redevelopment District in Jersey City
Beacon, Novare Plan $60M Apartment High Rise
by Adriana Pop, Associate Editor Local developer Gregg Sandreuter’s Beacon Partners along with Atlanta-based Novare Group are planning a 23-story luxury apartment tower in downtown Raleigh. According to the NewsObserver, the 320-unit high-rise will be situated on the southwest corner of Martin and Blount streets. At a price tag of $60 million, SkyHouse Raleigh will […]
Affordable Housing Partners Wins Bid to Purchase Leasehold on 12 City Rentals
by Adriana Pop, Associate Editor The City and County of Honolulu has selected Honolulu Affordable Housing Partners LLC to complete a leasehold purchase agreement for the City’s 12 rental housing complexes. In February, the City and County of Honolulu issued a Request for Proposal seeking bids from private companies interested in purchasing, managing and maintaining 12 affordable apartment […]
National Park Visitors Flock to App Created by Local Firm
By Alex Girda, Associate Editor Thanks to a partnership between a Salt Lake City-based digital media company and National Geographic, iPad and iPhone users can get every bit of information they need about the park they’re visiting. The app currently features guides for 20 of the country’s 58 national parks. Zion, Arches and Bryce Canyon are […]
Officials Approve 350-MW Solar Plant North of Las Vegas
By Alex Girda, Associate Editor Clark County is set for a surge of green energy in the form of a 350-megawatt solar plant about 30 miles north of Las Vegas. The federal government recently approved a facility on a site belonging to the Moapa Band of Paiute Indians, the Las Vegas Sun reports. The proposed plant would […]