National
MGM Resorts International Hires Whiting-Turner as General Contractor for $1B MGM National Harbor Project
MGM Resorts International is one of the world’s leading global hospitality companies and the developer of the MGM National Harbor, a nearly $1 billion gaming resort located in National Harbor, the waterfront development on the shores of the Potomac River. On June 24, the company announced it has hired Whiting-Turner as Prime General Contractor for the project. With this final hurdle out of the way, construction is expected to start within weeks.
Osprey Links at Hunter’s Creek Changes Hands
The 424-unit, Class A multifamily apartment community located in south Orlando is now the property of Milestone Apartments REIT, following a $50.7 million transaction announced recently by the investment trust. An affiliate of The Milestone Group, LLC was part-owner in the joint venture that sold the property, possessing a minority interest in the enterprise.
Loehmann’s Plaza to be Redeveloped and Renamed
Loehmann’s Plaza gets a facelift and a new name soon with site works beginning in June and continuing through January 2015. The redeveloped retail facility at the corner of North Druid Hills and Briarcliff Roads in Atlanta will be called Brighten Park. Regency Centers Corporation will redevelop the property and has already secured a lease with The Fresh Market grocery.
Jupiter Reserve Shopping Center Acquired by Elion Partners’ New Fund
Jupiter Reserve has recently been acquired by Elion Real Estate Fund III, LP. The 43,172-square-foot neighborhood shopping center is located at 901 West Indiantown Road, Palm Beach County, at the corner of Pennock Lane.
Capital Studios, the First Affordable-Housing Community in Downtown Austin, Set to Open in October
The Downtown Austin Plan is moving forward. The city’s blueprint that shows the need for more affordable housing and permanent supportive housing is meeting its materialization. The first affordable-housing project in 45 years is currently in the works.
Erickson Living Starts Work on New Construction Projects at Ashby Ponds
By Adrian Maties, Associate Editor Erickson Living is expanding its Ashby Ponds retirement community in Ashburn, Va. On June 24, the company announced the start of construction on a new independent living residential building and a new clubhouse. The total cost of the expansion project is more than $22 million. The new residential building will […]
Hyatt Hotels Announces Plans for 302-Room Hotel in Bloomington
Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a franchise agreement with an affiliate of McGough Development for a Hyatt Regency hotel in Bloomington, Minnesota.
CBRE Announces Sale of Villa Rosa Medical Plaza in San Antonio
By Anca Gagiuc, Associate Editor Villa Rosa Medical Plaza in San Antonio has changed owners. The seller, L&B Realty Advisors LLP, was represented in the transaction by Chris Bodnar and Lee Asher, from CBRE Group Inc.’s U.S. Healthcare Capital Markets Group, and Scott Herbold and Todd Mills from its San Antonio office. The buyer is American Healthcare Investors, but the amount […]
Hawaii Pacific University Officially Begins Redevelopment of Aloha Tower Marketplace in Honolulu
A groundbreaking ceremony and traditional Hawaiian blessing marked the official construction start for the revitalization of the Aloha Tower Marketplace in downtown Honolulu.
Archdiocese of New Orleans Expands Seniors Housing Network
By Eliza Theiss, Associate Editor Cristopher Homes Inc. has cleared another road stop on the way to building a new seniors housing community in Slidell. According to The Times-Picayune, the Slidell City Council annexed a 12-acre site fronting US 190/Gause Boulevard West to Slidell city limits and changed the zoning from highway commercial (HC2-2) to […]