National
$2.8M Renovation of Fairfax’s WillowWood Plaza Nears Completion
The four-year renovation of the WillowWood Plaza is nearing its end. Liberty Property Trust will finish the $2.8 million project this spring and will deliver an updated Class A office park, with Energy Star certification.
Owner of La Posada Purchases Newly Renovated La Castaneda Hotel
Some rescue animals, other choose to rescue pieces of history. One such person is Allan Affeldt, famous for the spectacular renovation of one of the historic Harvey House hotels – La Posada in Arizona; recently he announced the sale closing of historic Castaneda Hotel, another gem built by renowned immigrant Fred Harvey.
Lincoln Property, NVRetail Celebrate Groundbreaking of The Reserve at Tinner Hill
Government officials met with representatives from the Lincoln Property Company and NVRetail on Tuesday, April 8, to celebrate the groundbreaking of The Reserve at Tinner Hill. This upscale apartment and retail development is located at the intersection of South Maple Avenue and Washington Street, right in the heart of Falls Church, one of the most affluent regions in the Washington, D.C. Metropolitan Area.
Time Equities Makes $9.5M Acquisition of Its First Retail Property in Indiana
In a $9.5 million deal, Time Equities Inc. (TEI) of New York has acquired the Shadeland Station shopping center on the north side of Indianapolis.
Exeter Affiliates Buy $43M of Industrial Space in Memphis
The Memphis industrial market recently became red-hot with the $43 million sale of an industrial portfolio.
D.C. Area Not Lacking in Apartments
In a report released at the end of March, the U.S. Census Bureau said that, between July 1, 2012, and July 1, 2013, the population of the Washington, D.C. metro area increased by 87,265, placing the region at number 5 on the list of Top 10 Metro Areas with the Largest Numeric Increase. The Washington, D.C. metro area was also ranked as the seventh largest metro area in the United States, by population, with almost 6 million people living here.
Big Apple Goes Super Tiny: Micro-Unit Development in Manhattan Lands $10.3 M Construction Loan
It took more than one year to get this project going but the Big Apple is finally getting its first ever micro-apartment building developed on city-owned land. As previously reported by Multi-Housing News Online, in early 2013 Monadnock Development LLC, Actors Fund Housing Development Corporation and nARCHITECTS were selected as the winning team of the “adapt NYC” Competition, a city-sponsored pilot program that looked for innovative designs to solve New York’s housing crisis.
Developers Break Ground on $185 Million Residential and Retail Project in Boston’s South End
A joint venture between Morristown, NJ-based Normandy Real Estate Partners and Gerding Edlen of Portland, OR, officially broke ground on the newest residential community in Boston’s booming South End neighborhood.
Brentwood Capital Partners Sells Iconic Citizen News Building in Hollywood
A historic Los Angeles office building was the object of one of the most recent real estate transactions to take place in the city. Buyer SE Edinger LLC paid a fee of $14.5 million for the Hollywood property. The property was sold by Brentwood Capital Partners, a full service real estate investment, development and management company. The two parties involved in the transaction were represented by Industry Partners and Coldwell Banker Commercial WESTMAC.
KEYW Leases Space in a New Building to Be Developed by COPT in Hanover
At the end of 2013, the Baltimore Sun named the KEYW Corporation one of Baltimore’s Top 100 Workplaces. Since then, the cyber security services provider has continued to grow and, recently, has announced its plans to expand.