National
HFF Secures Financing for Hudson’s Bay Centre in Denver and Bella Springs in Colorado Springs
HFF recently announced that it has secured $21.5 million in financing for the Hudson’s Bay Centre. Working on behalf of the borrower, a 50/50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building.
Capitol Real Estate Development Secures $5M Loan for Housing Development in Congress Heights
After years of bad luck, a residential project looking to bring condominiums and townhouses to Washington, D.C.’s Congress Heights area is finally getting ready to take off. LYNK Capital, LLC has recently closed a $5 million loan for Woodcrest Holdings, LLC, a subsidiary of Capitol Real Estate Development, LLC, the project’s developer. The loan will be used to finance the construction of Phase 1.
Starwood’s Aloft Brand Debuts in Oklahoma City
Starwood Hotels & Resorts Worldwide Inc. recently announced that its Aloft brand has arrived in Oklahoma City with the opening of the new Aloft Oklahoma City Downtown – Bricktown.
Simon to Renovate, Expand Iconic Fashion Centre at Pentagon City
The Fashion Centre at Pentagon City, the largest enclosed shopping mall in Arlington, is getting a makeover. Simon Property Group, Inc., the property’s owner, announced on April 16 its plans to renovate and expand the upscale shopping mall.
Hennepin County Medical Center Announces Plans to Expand Downtown Campus
Hennepin County Medical Center recently announced the construction of a new 322,000-square-foot clinic and specialty center. The new addition will expand its downtown Minneapolis campus and aims to meet the growing demand for outpatient and specialty services.
Cincinnati Ranked 6th Best Market for Recent College Grads by Apartments.com
Many of the students that graduate from Cincinnati colleges and universities choose to remain in the city. And, according to the seventh annual Apartments.com “Top 10 Best Cities for Recent College Graduates,” this is a wise move, because Cincinnati is number 6 on the list this year.
City Council Green-Lights Robertson Properties’$767M Mixed-Use TOD in Honolulu
The Honolulu City Council has granted Robertson Properties Group the final approval for the construction of its proposed $767 million, 1,500-home mixed-use development in Aiea.
HMC Nabs Management Contract for Slidell Wingate Inn
By Eliza Theiss, Associate Editor Dallas-based Hospitality Management Corp. (HMC) has been appointed manager for the new 82-key Wingate Inn Slidell/New Orleans East. Located in Slidell, just 30 minutes north of New Orleans, the 2013-built hotel is easily accessed from I-10, making it easy to reach local attractions such as the Infinity Science Center, Oak […]
Akron’s Newest Luxury Student Housing Community to Open in August
In May, 2013, the Cleveland-based NRP Group, one of the largest multifamily developers in the nation, started work on a 624-bed, four-story luxury student housing community in Akron. Called the Depot, the project is now nearing completion. It is scheduled to open for residents this August.
Greysteel Tapped to Sell Woodbridge’s Meridian Bay Apartments
The Meridian Bay Apartments, a 23-building garden-style community located in the Northern Virginia suburb of Woodbridge, is looking for new owners. Coastal Properties of Virginia, the current owner, has selected the Greysteel Company’s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.