National
New Owners for Richmond’s 110-Year-Old Mutual Building, Maritime Square Building in Newport News
One of Richmond’s first high-rise office buildings has recently changed hands. Parmenter Realty Partners has sold the Mutual Building to 909 Main, LLC, an entity associated with Shamin Hotels, for $3,275,000.
Tower Two at One Rincon Hill Kicks Off Leasing for Upscale Residential Units
One of San Francisco’s most high-profile residential projects recently announced that the leasing process for units has commenced. Tower Two at One Rincon Hill, an iconic luxury tower, now has homes ready for lease, with unit occupancy slated to begin this August. According to the official statement announcing the move, private tour appointments are now available via online registration and by calling the development’s Welcome Center.
Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood
The Andersonville Guesthouse is set to expand and upon reopening, in the summer of 2014, will be rebranded into The Guesthouse Hotel.
Griffis Residential Acquires 288-unit Apartment Community in Aurora for $40.8 Million
Denver-based Griffis Residential recently announced the acquisition of the City Lights apartments. Located in Aurora, Colorado near the Fitzsimons Medical Campus, the Class-A community features 288 units and was purchased for $40.8 million.
SolarCity Expands to Nevada, Will Serve Metro Las Vegas Starting this Fall
The emergence of solar power as a viable option of fueling residences during recent years has been a lucrative enterprise in the California and Arizona, two of the sunniest states in the entire country. Now, Nevada is seeing serious interest from one of the largest companies committed to raising the profile of the alternative energy method of powering homes. SolarCity recently announces that it is vastly expanding its operations in the state of Nevada, and its push will begin with residences in the city of Las Vegas and the neighboring area.
Hospitality 3 Announces Study Hotels Concept for Philadelphia’s University City
Hospitality 3, a hotel and real estate development company with offices in Manhattan and New Haven, CT, is set to break ground on a new hotel facility in West Philadelphia.
GM Breaks Ground on New Race Development Center in Pontiac
More than one year after announcing a $200 million investment to build a new 138,000-square-foot test wing in suburban Detroit, General Motors broke ground on a race engine design and development facility at its world powertrain headquarters in Pontiac, MI, the company announced recently.
Apartment Redevelopment Project in Downtown Pittsburgh Nears Completion
Red Rocks Group is converting the 19th century building at 121 Seventh St. in downtown Pittsburgh into 40 loft-style apartments.
$95M Sale of Elliston 23 Breaks All Records in Nashville Apartment Market
Franklin, TN-based Southern Land Company has announced the sale of Elliston 23 Apartments to Dayton, OH-based The Connor Group for $95.1 million.
Washington Real Estate Investment Trust Buys Downtown Washington, DC, Office Building for $104.5M
Washington Real Estate Investment Trust continues its buying spree in downtown Washington, D.C. The Rockville-based real estate investment trust announced on May 1 it has acquired the office building at 1775 Eye Street, NW, in the city’s Central Business District. The property changed hands for $104.5 million.