National
Austin’s Estates at Bee Cave Luxury Condominium Starts Leasing
The Estates at Bee Cave, a luxury condominium community has recently started the leasing process. San Antonio-based Embrey Partners and equity partner Nationwide Insurance developed the project on a 24-acre lot located northwest of Austin, at 3544 South Ranch Road 620.
Marcus & Millichap Arranges Trade of Viking Apartments in Peninsula at Above-Average Per-Unit Price
A Peninsula multifamily property recently traded hands in a deal worth $10.8 million. Marcus & Millichap arranged the transaction for the Burlingame, CA asset at a per-unit rate of $308,571. The seller is a family that owned the property for around 50 years, while the buyer is another local family trust. Both parties were advised by representatives of Marcus & Millichap’s Palo Alto office, with associate Richard Reisman handling the seller’s end, and vice president investments, Adam Levin, working on behalf of the buyer.
Studio Gang And MAD Architects To Design George Lucas’ Museum Of Narrative Art
CHICAGO, IL-George Lucas, acclaimed film director and creator of the Star Wars franchise, is bringing a taste of Hollywood to the Midwest.
Buckingham Companies To Handle Ralston Creek North Development Project In Arvada
The Arvada Urban Renewal Authority has chosen Indianapolis-based Buckingham Companies to handle the development of Ralston Creek North, a 14-acre site formerly known as ‘the Arvada Triangle’.
AmREIT Declines Regency’s Unsolicited Acquisition Proposal
Regency Center Corporation announced three weeks ago that it offered to acquire AmREIT, Inc. for $22 per share. Their unsolicited acquisition proposal represented a 20% premium based on the average closing price of AmREIT’s common stock over the last 30 days, and also exceeds AmREIT’s all-time high stock price by more than $2 share.
HFF Arranges Construction Loan, JV Equity for $225M Development of McKinney & Olive
HFF recently announced that it arranged the construction loan and joint venture equity investment for the development of McKinney & Olive, the $225 million, 530,000-square-foot project. Currently under construction, the tower was designed by renowned architectural firm Pelli Clarke Pelli and has been described by press as being “sexy”.
Donald Trump Breaks Ground on $200M Trump International Hotel Washington, D.C.
Donald Trump and The Trump Organization have finally broken ground last week on the redevelopment of The Old Post Office, in Washington, D.C. The $200 million project will transform the iconic Pennsylvania Avenue landmark into the new Trump International Hotel.
Highwoods Properties Sells RTP Office Complex for $58.7M
In its second quarter earnings report, Highwoods Properties has announced the sale of the Research Commons Office complex in Research Triangle Park. The property, which consists of five buildings and a 13-acre future development site, sold to an undisclosed buyer for $58.7 million.
Stepan Co. to Build $60M-$70M Plant, Yuhuang Chemical to Invest $1.85B for Manufacturing Complex
July has been a great month for the city of Baton Rouge and the state of Louisiana. Two chemical manufacturing companies have announced their plans to invest in the area and create hundreds of new jobs.
Tucson Golf Resort and Club Prepares for Multi-Phase Makeover
The Lodge at Ventana Canyon will soon undergo a multi-million dollar renovation with the first phase of the renovation updating the one-bedroom suites, Experience AZ Magazine reports.