National
Middletown Hotel Management Plans 118-Key Springhill Suites in Beavercreek
By Adrian Maties, Associate Editor Middletown Hotel Management plans to start construction this fall on a 118-key Springhill Suites by Marriott on two recently acquired parcels in Beavercreek. Completion is expected by the end of 2015. Middletown did not disclose terms of the land acquisition or the cost of the project. The new Springhill Suites […]
International Tech Group Subsidiary Consolidates Operations at 5405 Windward Parkway
Andritz Inc., a U.S. subsidiary of the Andritz Group moves to 5405 Windward Parkway. The company has recently signed a long-term lease for 40,000 square feet. To the he landlord, Highwoods Properties, Inc.’s relief the building has reached almost complete occupancy.
Vista Pointe Apartments in Palm Springs Sold
The Vista Pointe community at 555 Kirk Road in Palm Springs has recently changed hands for $18.11 million with the involvement of CBRE, representing the seller, Riverfront Capital in the transaction. Avesta Real Estate Fund I, LLC is the new owner of the 314-unit apartment community.
Metro Charlotte Sees Growth in Spec Developments
Metro Charlotte is experiencing a growing trend of speculative developments of late.
Brennan Investment Group Acquires $20M Industrial Portfolio
Chicago-based private real estate investment firm, Brennan Investment Group recently announced it has acquired a $20 million, four-property industrial portfolio
$3M Senior Center to Replace Katrina-Marred Structure
The City of New Orleans, in partnership with FEMA, has broken ground on the new Carollton Hollygrove Senior Center at 3300 Hamilton Street in the Carollton Hollygrove neighborhood, announced the New Orleans Mayor’s Office.
Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing
Mercy Housing Northwest has been selected by the Sound Transit to develop a new affordable, transit-oriented project in Southeast Seattle. The company has been tasked with the construction of a multifamily complex near the Othello Link light rail station. Mercy received the contract for the development after a selection process handled by Sound Transit.
Local Investors Buy Historic Aurora Inn, Plan Full Renovation
A group of local investors has acquired the historic Aurora Inn this month. Led by Dan Bliss, Stephen Mansfield and Matt Lopatin, Aurora Hotel Partners, LLC plans to invest into this well-known fixture in the center of Aurora’s historic district and give it a full makeover.
JBG Breaks Ground on 31-Story Residential Tower in Rosslyn
Earlier this year, at the start of February, the JBG Companies announced it has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop a 31-story, glass residential tower in Rosslyn, Va. On Wednesday, April 23, the Chevy Chase-based developer officially broke ground on the project.
New Affordable Housing Community by Affirmed Housing Group Holds Opening Ceremony
A brand new affordable housing complex recently held an official grand opening recently in the presence of a number of local officials and backers. The Lotus Garden Apartments is Affirmed Housing Group’s latest affordable residential complex project in the L.A. metro area. The ceremony was attended by Councilman Gilbert A. Cedillo, the President and CEO of Affirmed Housing Group, James Silverwood, as well as Rushmore Cervantes, the executive director of the HCIDLA.