National
Demand for Space in the Bay Area Continues as Three Large Leasing Deals are Inked
The Bay Area’s office market has been one of the highlights of the national real estate market in recent years, and due to the lasting appeal with the tech industry, the trend seems to be going strong. Three large leases were recently inked in San Francisco and San Jose, the largest urban centers in the tech-oriented region.
29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois
Real estate investment and advisory firm 29th Street Capital recently announced it has closed on a multi-family property located in the Bridgeport neighborhood of Chicago.
The Curtis, Denver’s Pop Culture Hotel, Completes Renovation
The Curtis – a Doubletree by Hilton has recently completed an extensive $7 million property renovation that included upgrades to all guest rooms and a lobby expansion.
Las Vegas Wins $28M in Affordable Housing Incentives; Relaxed Laws for Medical Marijuana Could Spur Space Demand
By Alex Girda, Associate Editor About $28 million in federal financing for affordable housing is headed to Las Vegas. Under the New Markets Tax Credits program, investors will get incentives to invest in development targeting residents at the lower end of the income scale. According to The Las Vegas Review-Journal, Senate Majority Leader Harry Reid […]
TIAA-CREF Buys The Louis at 14th/U
Last summer, the Chevy Chase-based JBG Companies hired ARA Mid-Atlantic to find buyers for the Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor – Logan Circle neighborhood. Now, the property has a new owner. TIAA-CREF purchased the Northwest Washington, D.C., property at the start of June, for an undisclosed price.
7550 Wisconsin Ave. Gets Six New Tenants
Akridge and Rockwood Capital, LLC have announced this week the signing of six new tenants at their jointly owned property, 7550 Wisconsin Avenue, in Bethesda, Md. The building is now 65% occupied.
Hines Announces U.S. Bank Plaza Earns LEED Gold Certification
Hines recently announced that U.S. Bank Plaza in Minneapolis has received LEED Gold certification from the U.S. Green Building Council under the Existing Buildings Rating System.
Construction Begins on Howard Hughes Corp.’s First Residential High-Rise at Ward Village in Honolulu
Joined by community leaders, future residents, partners and stakeholders, The Howard Hughes Corporation celebrated the groundbreaking of the first residential tower of Ward Village, a beachfront master planned community rising in the heart of downtown Honolulu.
After Nine Years, Walmart Reopens in New Orleans East
Another milestone in the Crescent City’s rebirth was recently celebrated, with the opening of New Orleans East Walmart on the former site of the Katrina-ravaged Lakeland Medical Center
Bristol I at Southport Scores $27.6M Loan Arranged by Johnson Capital
Johnson Capital recently completed a financing deal for an apartment complex in Renton, Washington. The company has provided a loan worth $27.6 million for the Bristol I at Southport community, a residential property completed back in 2002. Amos Smith and Sea Skelton, currently with Johnson Capital’s Irvine, CA office worked on behalf of the property owner to arrange the financing for the asset.