National
HMC Opens Wyndham Microtel Inn & Suites
The Eagle Ford Shale oil and gas development is a powerful magnet for different kinds of businesses. Hospitality Management Corporation (HMC) recently announced the opening of a newly built Microtel Inn & Suites by Wyndham in Kenedy, TX, just one hour south of San Antonio.
Kauai’s Legendary Coco Palms Resort to Reopen Under Hyatt Umbrella in 2017
Following an extensive reconstruction period scheduled to begin next year, the famed Coco Palms Resort on Kauai will reopen under the Hyatt Hotels brand in early 2017.
$22M Rehab Facility Breaks Ground in New Orleans BioDistrict
By Eliza Theiss, Associate Editor Cobalt Medical Development, a Dallas-based private healthcare real estate development and investment company, broke ground on a $22 million healthcare rehabilitation center in Mid-City, Canal Street Beat reported. As previously reported, the private healthcare developer announced plans for the facility in early fall of 2013, targeting groundbreaking by fall 2014 […]
Hines, Oaktree Acquire Triton Towers in Renton
One of Renton’s best known office assets recently traded hands as a partnership between Hines and a real estate fund managed by Oaktree Capital Management purchased Triton Towers. The buyer reportedly paid a fee of around $60 million for the property, making it one of the largest deals to be completed in the area.
Bob Parsons Entity Acquires Infill M-U Property in Tempe for $26.5M
Mill Avenue Office, L.L.C., a commercial real estate entity owned by GoDaddy – founder Bob Parsons, has acquired Hayden Station, a 107,508 square-foot office and retail development in Tempe for $26.5 million (or $246.49 per square foot).
Celanese Breaks Ground on $20M Expansion of Florence Facility
Celanese Corporation plans to expand its presence in Northern Kentucky. The Dallas-based company is investing $20 million to expand its manufacturing capabilities at its facility in Boone County. The expansion will help Celanese keep up with the continued customer demand for its advanced engineered materials products.
TwinRock Partners Pays $16.5M for Tulsa M-F Complex; Rogers State Breaks Ground on $11.5M Student Housing Project
Newport Beach, California-based TwinRock Partners recently acquired the Copper Mill Apartments from Fayetteville, Arkansas-based Trinity Multifamily for $16.5 million.
The Alexander at CityWay in Indianapolis Achieves LEED Silver Certification; Online Tech Acquires Data Center in Indianapolis
Named among TripAdvisor’s Top Ten Hot New Hotels in the U.S. in 2013, The Alexander in downtown Indianapolis has been awarded LEED Silver certification in the New Construction & Major Renovations category.
Michael Lightman Realty Plans $35M Expansion for Apartment Property; $67M Foreclosed Condo Tower Goes On the Market
901-unit Fieldstone Apartments is set for $35 million expansion, which will add over 300 units to the 3333 Hacks Road community, making it the largest apartment community in Memphis
Spectrum Properties to Build LEED Gold Office Tower in Uptown Charlotte
Charlotte’s Uptown is getting a new office high-rise, announced Cornerstone Real Estate Advisers.