National
CSM Corp. to Develop the First Two-Flag Hotel Building in Indianapolis
Minnesota-based CSM Corp. is planning the construction of the city’s first dual-branded hotel building on a surface parking lot downtown.
Cushman & Wakefield Arranges Bridge Loan for 1M SF Distribution Facility; New Student Housing Development Rising Next to University of Memphis
Cushman & Wakefield announced that its Equity, Debt & Structured Finance Group has recently arranged a $25.1 million bridge loan on behalf of PDC Memphis Oaks 3 Holdings, LLC, an entity managed by Panattoni Development Company. The loan will refinance the existing loan on Memphis Oaks 3, a 1,025,000-square-foot, Class A distribution facility.
Adler Kawa Real Estate Buys 224KSF Office Space in Office Park
One year after purchasing the 223,850-square-foot Carmel Executive Park, Florida-based Adler Kawa Real Estate Advisors (AKREA) has made another acquisition in the Charlotte Metropolitan Area, picking up 249,000 square feet of office space at Oak Hill Business Park.
MetroNational Announces Grand Opening of the Treehouse in Memorial City
MetroNational recently announced the completion and grand opening of the Treehouse Memorial City, a two-story, 14,700-square-foot structure designed to emphasize Houston’s architectural prowess and innovation.
KDC, JLB Partners Break Ground on Apartment Communities in CityLine
KDC and JLB Partners recently announced that they broke ground on the development of two apartment communities that will be appended to CityLine, the impressive 186-acre, mixed-use development in Richardson. Totaling at 532 units, the two assets will front Plano Road and will be within walking distance of the four office towers leased by State Farm.
MRP Realty-Rockpoint JV Buys Office Property in D.C.’s East End
Local real estate company MRP Realty has formed a joint venture with Rockpoint Group, LLC, a real estate private equity firm based in Boston, to purchase an office property in the East End submarket of Washington, D.C. The two companies announced on Monday, August 4, the acquisition of 1333 H Street from Miller Global Properties, LLC. The seller was represented by HFF.
Jay Paul Company Receives $480 Million Construction Loan from HFF for its Tower at 181 Fremont Street
The city’s South Financial District is set to welcome a new major mixed-use development project as developer Jay Paul Company recently locked in financing for its Fremont Street venture. HFF recently announced that it has arranged construction financing on behalf of the developer through Starwood Property Trust. The total amount sourced for the large mixed-use plan is $480 million. HFF’s debt placement team was led by Peter Smyslowski, a managing director with the company, with director Chris Gandy and associates Walter Chui and Brandon Roth also part of the team.
Le Méridien Chicago – Oakbrook Center Welcomes Its First Guests
Starwood Hotels & Resorts Worldwide announced the opening of Chicago’s first Le Méridien luxury hotel, located in the high-ranking Oak Brook suburb.
Verve Luxury Apartments Enter The Denver LoDo Scene
Verve, a 285-unit luxury apartment building celebrated its grand opening on July 16.
164-Key Hyatt Place Hotel Opens in South Durham; Historic Property Conversion in Mebane to Bring 157 Apartments
A new limited-service Hyatt Place hotel is now open for business near Southpoint mall in Durham.