National
Johns Hopkins to Build Cancer Center in Baltimore with $65 Million Gift
Johns Hopkins has announced on May 6 its plans to build a new cancer treatment building in Baltimore. The facility will be constructed with the help of a $65 million gift. It will be named after the late Albert P. “Skip” Viragh, Jr., a philanthropist and a former cancer patient treated at Johns Hopkins, who died in 2003, at the age of 62.
Construction of Crescent Gateway in Altamonte Springs is in the Works
Crescent Gateway, Crescent Communities’ luxury apartment community is underway at the intersection of Maitland Boulevard and state Route 434. The company is building an 80-acre, mixed-use project and the residential component represents the first phase. Another 300,000 square feet of office and retail space, and potentially a hotel, are in the pipeline. A groundbreaking ceremony was held May 15.
Pointe at Lenox Park Picked Up for Almost $25M
Pointe at Lenox Park, a 271-unit garden-style community in the Brookhaven submarket recently changed hands for $24.9 million. The previous local private owner sold the apartment homes to Cortland Partners.
Starwood Eyes Historic Motel Ankara in South Beach for Adaptive Reuse
Set to open in less than a year, Starwood Hotels & Resorts Worldwide Inc.’s newest Aloft branded facility is coming to Miami’s South Beach and will be first newly constructed hotel to open in that submarket in the past five years.
UT Approves Construction of $172 Million Robert B. Rowling Hall
The construction of Robert B. Rowling Hall has been approved by The University of Texas Board of Regents. The development will house the McCombs School of Business Texas MBA and Texas MSTC programs. It will add to the available space for Texas Executive Education Programs doubling it and increase the university’s convention and conference activities.
Hotel Market Picks Up in Baton Rouge
GTM Hospitality, LLC and LIG Assets, Inc. (LIGA) have announced the acquisition of the 81-unit Wyndham Baton Rouge Hotel for an undisclosed amount.
Fountain Builds Second Off-Campus Community at University of Houston
Construction is underway on Campus Vue, an off-campus five-story housing complex at the University of Houston.
RED Development to Break Ground on 800 KSF Mixed-Use Project in Uptown Dallas
Phoenix-based RED Development plans to break ground on Akard Place, an 800,000-square-foot mixed-use project in Uptown Dallas.
Regent Properties Buys Carlsbad Office Building; Legacy Signs AltheaDx to Torrey Pines HQ
A Carlsbad office property traded hands recently when Regent Properties paid a fee of approximately $16 million for Atlas at Carlsbad. Meanwhile, a Torrey Pines HQ office building secured its tenant as AltheaDx inked an agreement for around 70,000 square feet at the recently renovated facility.
Fenwick Apartments to Open in Silver Spring This Summer
Insight Property Group L.L.C. broke ground in 2013, on February 5, on the Fenwick apartments in Silver Spring. Now, more than a year later, the project is nearing completion. Fenwick started pre-leasing apartments on May 10 and it will be ready for its first tenants to move in this July.