National
Insight Property Group to Start Work This Fall on $185M Urban Mixed-use Project
Insight Property Group announced last week the acquisition of the H Street Self-Storage Property at 624 H Street NE, in Washington, D.C. The Arlington, Virginia-based multifamily developer plans to turn the site into the home of its new urban, mixed-use luxury project, called The Apollo on H Street. Groundbreaking is scheduled for this fall.
Construction Progresses at Candlewood Suites in San Antonio
What is to become the “largest Candlewood Suites hotel” in the world is progressing towards a scheduled open date in July 2014. Cleveland Construction, Inc., the current general contractor for the Fort Sam Houston Candlewood Suites hotel located in Joint Base San Antonio, shared updates about the massive development, designed by EDI International.
Equus Capital Acquires Raleigh Multi-Family Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multi-family properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
Lightstone Group Acquires Aloft Tucson University Hotel from Starwood for $19M
Starwood has recently announced the $19 million sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc., a public, non-traded REIT sponsored by The Lightstone Group.
Geltmore’s $20M Mixed-Use Project in Downtown Albuquerque to Receive Tax Credit
Albuquerque-based family-owned real estate firm, Geltmore LLC, has scheduled to start construction by the end of the year on a mixed-use development at 205 Silver Avenue SW, between Second and Third Streets; the project consists of a grocery store of 12,000 square feet and 74 residential units.
UPMC to Occupy Former Heinz Space in Downtown Pittsburgh
The UPMC health system has announced it would relocate its 450 employees from Chatham Center to Heinz 57 Center at 339 Sixth Avenue in downtown Pittsburgh.
Highwoods Inks 91KSF Lease in Brentwood
Raleigh, NC-based Highwoods Properties has announced signing a 91,000-square-foot long-term lease at Highwoods Plaza II in Nashville with a current customer.
Walsh College to Start $15 Million Renovation and Expansion Project
A private college in suburban Detroit will embark on an 18-month renovation and expansion that will enhance campus-life experience. The Walsh College Board of Trustees recently approved the $15 million improvement project at the college’s existing campus building that was built in the 1970s.
HOW Properties Working on New Student Housing Complex in West Philly
A local real estate management company is building a new student housing facility on Woodland Avenue in the west section of Philadelphia.
$15 Million Home Depot Store Sale Arranged by Marcus & Millichap
A San Jose Home Depot Store recently traded hands in a deal worth $15.575 million. The transaction was arranged on behalf of the seller, an institutional investor, by real estate investment services firm Marcus & Millichap. The deal was handled by Mike James, an associate vice president Investments with the company’s Encino, Calif. office.