National
Developers Offer Limited Time Move-In Incentives for Prospective Residents at The Maximilian
The Maximilian, one of the most stylish residential developments in the western-most part of Queens is now fully built, Real Estate Weekly reported. The announcement was made by McGowan Builders Inc. who served as general contractor and construction manager for the 12-story apartment building.
USGBC Awards LEED Gold Certification to Residence Inn by Marriott Hotel in Needham
Less than one year after construction was completed at the Residence Inn by Marriott in Needham, just 17 miles from Boston, the project’s developers announced the hotel was awarded LEED Gold Certification by the U.S. Green Building Council.
West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group
A West LA office building was recently acquired for a reported fee of approximately $39 million. The off-market transaction was completed by a partnership consisting of Sunrise Real Estate Group with Robhana Group and 4M Investment Group who picked up the property from seller TPMC Realty Corp. Newmark Grubb Knight Frank representative Al Barasani handled the buyer’s end of the deal, while the seller represented itself. IDB Bank provided financing for the deal. The office asset last traded hands in 2008.
Hilton Baltimore BWI Airport Completes Renovation
The Hilton Baltimore BWI Airport announced last week the completion of a number of significant upgrades. They helped improve the hotel’s ranking and elevated it into the top five of its competitive set, according to reviewers on one of the top guest-rated websites.
White Oak Buys 300-Unit M-F Community; Memorial City Mall Adds Seven New Retailers
Columbus, Ohio – based White Oak Partners, LLC has acquired Colorado Club Apartments, a 300-unit multifamily community in East Houston. HFF marketed the property on behalf of the seller, Capital Equity Group of Cleveland, Ohio.
HRI Properties Acquires Former LTV Tower; Statler Hilton Redevelopment Gets $43.5M Boost
The strategic revitalization of Downtown Dallas continues with two new redevelopment projects ready for takeoff.
New Orleans-based HRI Properties has acquired 1600 Pacific, a 32-story tower in downtown Dallas
Marriott Opens $520M Marriott Marquis Washington, DC
Marriott Hotels has recently reached an important milestone. On May 1, the company announced the opening of its 4,000th hotel, the Marriott Marquis Washington, DC. The hotel’s inaugural catered event will be held on May 10, while its formal dedication and grand opening will be held a month later, on June 10.
Grubb Properties Moves Ahead with Plans for $35.5M Link-Branded Apartment Project
The Triangle’s first Link-branded apartment community will soon rise in the vibrant Glenwood South district of downtown Raleigh.
The Ensign Group Acquires 230-Bed Skilled Nursing, Rehabilitation Center
Formerly known as Kindred Transitional Care Northwest, Casas Adobes Post-Acute Rehabilitation Center has a new owner, a recent trade publication reports. The Ensign Group acquired the 230-bed skilled nursing facility located at the corner of Orange Grove and Corona roads, adjacent to Northwest Hospital Medical Plaza in Tucson.
Former Beach Waterpark Site Listed for Sale for $12.5M; Uptown Square Venture Closed on $3.6M Refinance for Mixed-Use Property
For 18 years the Beach Waterpark has been a staple of the summer for Albuquerque’s children. Unfortunately, it was shut down in 2005 after it received an “unsatisfactory” rating from the Environmental Health Department; a year later everything on site was auctioned off and ever since the land remained empty.