National
Village Green Breaks Ground on Major Apartment Development in Downtown Pittsburgh
Village Green Cos. of Detroit has recently celebrated the groundbreaking of Morrow Park City Apartments, one of the largest new residential rental buildings in the city’s East End.
Quicken Loans Starts Construction on 66,000 Sq. Ft. Technology/Data Center Outside Detroit’s CBD
The site of a former industrial building sitting at the corner of Rosa parks Boulevard and porter Street in the Corktown neighborhood of Detroit is being redeveloped into a new technology center by online mortgage lender Quicken Loans Inc. and its affiliate Bedrock Real Estate Services LLC.
Athena Companies Buys 100-Key Asset in Booming Nashville Hotel Market
Hunter Hotel Advisors recently advised on the sale of three MainStay Suites for Choice Hotels International in three secondary US markets: Nashville, Pittsburgh and Greenville, SC.
Morgan Launches New Pearl Luxury Community; Balfour Beatty General Contractor for 6 Houston Center
Houston – based The Morgan Group has commenced development of a new luxury apartment community under its Pearl brand. Morgan launched the Pearl brand in 2013 with the opening of
Luxury Condo Tower to Break Ground in West Plano; Toyota Gets Incentive Deal for Corporate Relocation
Dallas-based Visions5 plans to kick off construction of a new mixed-use luxury complex in West Plano.
The Cost of Buying a Home in D.C.
The National Association of Realtors (NAR) says in its Metropolitan Median Area Prices and Affordability report for the first quarter of 2014 that the Washington-Arlington-Alexandria area is one of the most expensive markets in the country. The median sales price of existing single-family homes in the metro is $358,900. So how much would you need to earn in order to be able to buy a home here? HSH.com, a mortgage resource website, has the answer.
Vista, Sorrento Mesa Industrial Assets Fetch $75M in Separate Deals
In a great week for the San Diego industrial real estate market, two properties traded hands in two separate deals for a combined total of over $75 million. Cornerstone Real Estate, a Connecticut-based entity, paid a fee of $57.6 million for an asset in the Vista submarket, while a Sorrento Mesa industrial building was acquired by Colorado-based Alliance Commercial Partners LLC.
DoubleTree by Hilton Newark-Fremont Opens as Area between Oakland and Silicon Valley Continues to Grow
Over the past couple of weeks, the city of Newark, Calif. has been making waves with the amount of real estate activity it has going for it. After the recently-announced expansion of one of the city’s largest shopping spots, now news of a new DoubleTree by Hilton has surfaced. Hilton Worldwide and Double Tree by Hilton are officially opening the new DoubleTree by Hilton Newark-Fremont in the area between Oakland, Calif. and San Jose, Calif.
Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center
Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor.
Brookfield Office Properties Inc. Sells 50 Percent Stake in Denver’s Tallest Building to MetLife
Brookfield Office Properties Inc. recently announced it has sold a 50 percent stake in the Republic Plaza office building and entered into a 50/50 joint venture partnership with MetLife on the office tower in a transaction valuing the property at $480 million. Net proceeds to Brookfield are around $98 million. Brookfield will retain management and leasing responsibilities at the property.