National
New Luxury Apartment Community Planned at New Longview; Independence Avenue CID Proposed
By Gabriel Circiog, Associate Editor A new luxury apartment community, planned in west Lee’s Summit, has drawn opposition from local residents, Lee’s Summit Journal reports. The $25 million project, called Hearthview at New Longview, calls for the construction of between 250 and 270 units on a vacant parcel southeast of Kessler Drive and Longview Road. […]
Agoura Hills Retail, L.A. Office Complex Draw Investors
By Alex Girda, Associate Editor A recently completed Agoura Hills retail complex developed and owned by Adler Realty Investments was recently snapped up by Walnut Creek-based Loja Group for $21.3 million, or $588 per square foot. The transaction was arranged by May Realty Advisors, rentv.com reported. The center’s 36,200 square feet are fully leased. Tenants […]
McCarran’s New $2.4 Billion Terminal Offers High-End Appeal
By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new facility has been nicknamed—6,000 of […]
Bear Lake Resort Plan Wins Garden City Approval
By Alex Girda, Associate Editor A $42 million resort in Garden City has secured approvals from the city council and planning commission, paving the way for development of what could be one of Bear Lake’s largest resorts, the Herald Journal of Logan reported. Vista Realty plans to build Waters Edge Resort, a Holiday Inn brand, […]
$40M Carollton Costco Almost a Reality
By Eliza Theiss, Associate Editor Plans to build a Costco store on blighted land near I-10 in the Carollton area seem closer to reality than ever. According to The Times-Picayune, the New Orleans City Planning Commission approved plans for the big-box warehouse store – albeit with a few tweaks. Costco submitted plans to build a $40 […]
Downtown’s Hyatt Regency to Undergo $17M Makeover
By Adrian Maties, Associate Editor Major renovations are planned for the Hyatt Regency Hotel in downtown Cincinnati. The $17 million project is expected to help the Hyatt compete with newer hotels as well as improve the city’s ability to bring in high-end conventions and boost the local economy. The deal calls for the city of […]
$157M Roxul Facility to Be Built; 2M Sq. Ft. of Industrial Property Sold
By Eliza Theiss, Associate Editor Rockwool International has officially announced it will be expanding its North American operations and building its first Roxul Inc. manufacturing facility in the U.S. near Memphis. The location for the approximately $157 million plant has been identified as Marshall County, Miss.—31 miles from the city. Roxul Inc. believes the chosen […]
Two Media Giants Scouting for Office Space in NYC
By Veronica Grecu, Associate Editor Remember when Silicon Valley was the designated location for tech companies? Well, things are about to change as media giants’ quest for new office space in Downtown Manhattan reaches new heights. Some undisclosed sources quoted by Reuters revealed that Menlo Park, California-based Facebook Inc. (FB.O) and Redmond, Wash.-based Microsoft Corp. […]
$52M Luxury Apartment Community Breaks Ground
By Eliza Theiss, Associate Editor Crescent Resources LLC has recently broken ground on its newest project: the $52 million luxury apartment community—Circle South Park—in Charlotte’s South Park neighborhood. Developers expect the first apartments to go on the market by the summer next year. Located near SouthPark mall on Carnegie Boulevard right next to Piedmont Town […]
Kettler Launches New Format in Growing D.C. Rental Market
By Adrian Maties, Associate Editor As the Washington, D.C., apartment market continues to grow–with vacancy rates dropping and rents rising–some developers are trying to take advantage of the favorable climate. Among them is Kettler Inc., a McLean-based company that just announced plans to launch its new m.flats format when it breaks ground in August on […]