National
Terwilliger Pappas Breaks Ground on $50M Buckhead Community
Terwilliger Pappas Multifamily Partners started site work on Solis Downwood, a 280-unit luxury apartment project in Atlanta’s Buckhead district.
Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown
City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park.
Krystal Logistics Relocates, Staying Loyal to Flagler Station
Krystal Logistics has outgrown its current facility at 10301 NW 108th Avenue in Flagler Station and plans to move to a 78,000 square-foot distribution facility, up from 46,000 square feet, by the end of the year. The new lease is also part of Flagler Station, at Building 36, which has yet to be built.
Embrey Partners Opens Escape at Four Points in West Austin
Founded in 1974, San Antonio-based Embrey Partners has developed more than 31,000 apartments and six million square feet of commercial space. Recently they’ve announced the grand opening of their latest residential project, Escape at Four Points, in west Austin, Texas.
CyrusOne Breaks Ground on Its First East Coast Data Center
CyrusOne, a global data center services provider based in Carrollton, Texas, broke ground on Tuesday, April 8, on its first East Coast data center. About 75 people attended the groundbreaking ceremony. Among them, representatives from Loudoun County, Dominion Virginia Power, and CyrusOne.
Harvest Properties Completes Office Acquisition in Deal Rumored to Be Worth $100 Million
Harvest Properties, one of the more active companies in the San Francisco Bay Area office market, has reportedly made another large acquisition. The company, along with joint venture partner LaSalle Investment Management, paid a fee rumored to be in the vicinity of $100 million for a two-building office complex in San Mateo, Calif. The joint venture acquired the property from seller Fisher Investments with whom a lease-back deal has already been arranged. Earlier this year, Harvest and Invesco Real Estate sold Parkside Towers, a 400,000-square-foot office complex, to Heitman in a deal worth about $200 million.
Presidium Group, Nessel Development JV Purchases Off-Market Multifamily Community in North Houston
As one of the top ten fastest growing cities in the U.S., Houston continues to attract major investors who strive to capitalize on the high demand for multifamily product. Dallas-based Presidium Group, LLC has acquired Live Oak Bend Apartments, a 252-unit multifamily community
Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle
Commercial real estate services firm Avison Young announced that it has completed an office property acquisition on behalf of Sumitomo Corporation of Americas within a trophy-class building in downtown Chicago.
Crescent Lands Anchor Tenant for New McKinney & Olive Development in Uptown
Crescent Real Estate Holdings LLC landed prestigious law firm Gardere Wynne Sewell LLP as anchor tenant for its newest development in Uptown Dallas.
Marriott Hotels Expands in Colorado with 215-Room Denver Marriott Westminster
Etkin Johnson Real Estate Partners and White Lodging Services recently announced the opening of the full-service Denver Marriott Westminster hotel and Tiller’s Kitchen & Bar restaurant in Westminster, Colo.