National
Bluerock Residential Growth REIT Invests in Residential Component of Publix Mixed Use Project
The Board of Directors at Bluerock Residential Growth REIT, Inc. approved an investment in a 296-unit mid-density, four story multifamily project on the East side of Orlando. Developed by Atlanta-based Catalyst Development Partners, the Class A apartment community is part of a Publix anchored retail development known as Town Park.
Resource Real Estate-Sponsored REIT Acquires Two Atlanta Communities
Resource Real Estate recently announced that one of its investment trusts, Resource Real Estate Opportunity REIT, Inc., has picked up two residential properties. Both Berkeley Run and Berkeley Trace are located in the residential submarket along Glenridge Drive Northeast in Atlanta, less than a mile from Atlanta’s Perimeter Center.
UBS Remains Loyal to Iconic 550 Biltmore
After a comprehensive search for an alternative in the neighborhood, UBS officials decided to renew the financial services firm’s 43,500-square-foot office lease at 550 Biltmore.
Historic Wilkins-Heath House Listed For Sale at $1.35 Million
The house located at 1208 Newning Avenue in Austin’s Fairview Park subdivision is on sale for $1.35 million, down from $1.5 million. The building is a City of Austin Historic Landmark for its perfect representation of a Victorian era Queen Anne Cottage.
New Boston Fund Hires CBRE to Find Tenants for NoMa Office Tower
The 11-story office tower at 111 K Street Northeast opened in 2010, in NoMa, D.C.’s fastest growing neighborhood. Two years later, it was acquired by the New Boston Fund, an independent, privately owned real estate investment. Now, the owner has hired CBRE as the exclusive leasing agent for 98,780 square feet of boutique office space in the building.
CSM Plans Two Speculative Developments in Minnesota
Minneapolis-based CSM Corporation recently announced plans to develop two speculative commercial real estate projects in Minnesota. The first project calls for the construction of a 202,000-square-foot office and warehouse facility in Brooklyn Park and the second for a 270,000-square-foot bulk warehouse facility in Rogers.
Koontz McCombs Sells Encino Trace Office Park to Brandywine Realty Trust
Encino Trace, the office park project located in southwest Austin at 5707 Southwest Parkway, has been sold by San Antonio-based developer Koontz McCombs to Brandywine Realty Trust. Details about the transaction remain undisclosed.
Long-Stalled Skyline Honolulu Residential Project Back on Track
An affiliate of locally-based Form Partners, LLC has revived its plans for Skyline Honolulu, a 140-unit condominium project slated to rise on the slopes of Punchbowl crater in the heart of downtown.
Former Assisted Living Center Becomes High-End Apartments
St. Anna’s, a 40,000-square-foot former assisted living center is set to be redeveloped into high-end apartments
Essex Property Trust Expands Seattle-Area Portfolio with Purchase of Collins on Pine
By Alex Girda, Associate Editor In the latest real estate transaction involving a Seattle-area apartment property, Essex Property Trust acquired a high-end residential asset in the Pike/Pine neighborhood for $29.6 million. The upscale community Collins on Pine was in high demand, according to the Puget Sound Business Journal, but the seller, a limited liability company […]