National
Brooklyn Brewery Looking to Open $70 Million Facility on Staten Island
Beer drinkers rejoice! One of the strongest and longest-running brewing companies in New York City is looking to expand from its roots in Brooklyn somewhere on the western shore of Staten Island in response to the rising demand for its products.
40,000 Sq. Ft. Skatepark Underneath the Zakim Bridge to Break Ground in Fall
After more than ten years of fundraising, setbacks and design changes, Boston’s long-awaited skatepark is just a few months away from becoming reality with the help of a $1.5 million contribution from Vans, a footwear retail chain based in Cypress, Calif.
Capri Capital Partners Joins Forces with TruAmerica Multifamily for the $283 Million Acquisition of The Vermont
A partnership of Capri Capital Partners and TruAmerica Multifamily just completed the larges multifamily, mixed-use transaction in the state of California for the current year. The partnership closed on a deal worth $283 million, for the recently completed The Vernon high-rise apartment complex in the Los Angeles submarket of Koreatown. Property management duties at the complex will be carried out by Lincoln Property Company, the entity being hand-picked by the new ownership group.
Developers Break Ground on the Little Patuxent Square Mixed-Use Project in Downtown Columbia
Howard County Executive Ken Ulman was present in Columbia on Tuesday, July 29, to help break ground on a new, major commercial and residential development. Called Little Patuxent Square, the project represents the first new commercial building constructed in the city’s downtown since 2001.
P.B. Bell, Stonecutter Purchase $168.5M Phoenix M-F Portfolio
The Cooke Multifamily Investments Team at Colliers International in Greater Phoenix announced that they completed the sale of a $168.5 million portfolio, comprising seven apartment properties. Totaling at 2,759 units, the portfolio was awarded to a joint venture formed by P.B. Bell of Scottsdale and Stonecutter of New York City. Cindy Cooke, senior executive vice president of Colliers International, and Brad Cooke, vice president of Colliers International, represented the seller, Standard Phoenix Fund.
Metro Silver Line, Phase I of Expanded Tysons Corner Center Expected to Help Local Economy
Residents of Northern Virginia are celebrating. Last week, they witnessed the opening of two important developments expected to transform the area: the first phase of Macerich’s expansion at Tysons Corner Center, and the Silver Line.
Alatus Submits Plans for 40-Story High-Rise in Downtown Minneapolis
Minneapolis-based developer Alatus LLC has submitted preliminary plans to the city to develop a 40-story residential tower in the St. Anthony Falls Historic District.
Coventry Homes Relaunches Luxury Line in San Antonio
San Antonio’s strengthening housing market calls back developers. Coventry Homes announced its come back in the region with their line of luxury production homes in six new communities encompassing approximately 400 home sites that will be made available by the end of the year.
JPMorgan Chase Affiliate Purchases Royal Hawaiian Center for Record $696.5M; Kahala Hotel & Resort Sells for $300M
The sale of the Royal Hawaiian Center in Honolulu closed for $696.5 million, the Honolulu Star-Advertiser reports.
138-Key Warehouse District Hotel Moves Toward Approval
The unique nature of New Orleans can make development project cumbersome at times, due to restrictions set to preserve the city’s historic charm and original look.