National
110 Luxury Apartments Under Construction at 2021 Chestnut Street
By Veronica Grecu, Associate Editor The wave of residential projects that hit the vibrant Center City neighborhood of Philadelphia continues with yet another upscale development at 2021 Chestnut Street near Rittenhouse Square. In less than one week Aquinas Realty Partners is set to officially break ground on AQ Rittenhouse, a high-rise luxury apartment building designed […]
Downtown Detroit Goes Residential: City Approves First Apartment Projects in Two Decades
As predicted in a market report that Multi-Housing News Online published recently, things are looking up for Detroit’s housing market. Two new apartment projects were approved by the city’s Downtown Development Authority (DDA) which is part of the Detroit Economic Growth Corp (DEGC), marking the first residential buildings to be developed in the downtown area in more than two decades.
Plans Move Forward for Massive Newbury Market Brownfield in South Fayette
South Fayette commissioners have recently approved the site plan for the Newbury Market, a mix of retail, restaurant, office and hotel space slated to rise across 100 acres of land near the Bridgeville interchange of Interstate 79.
Wyndchase Aspen Grove Breaks Record with $83M Sale
An affiliate of Boston-based Berkshire Property Advisors has acquired Wyndchase Aspen Grove, paying $83 million, the highest price ever for one apartment community in the Metro Nashville
University of Maryland’s $115M Hotel and Conference Center Project Moves Forward
A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.
AFL-CIO Housing Investment Trust Provides $33M for 259-Unit Apartment Complex
The AFL-CIO Housing Investment Trust recently announced it has provided $33 million in pension capital funding for the construction of Five 15 on the Park, an apartment complex in Minneapolis.
Walton Street Capital Acquires Honolulu’s Ambassador Hotel Waikiki for $71.5M
Walton Street Capital LLC, a private equity real estate investment firm based in Chicago, has recently acquired the 298-key Ambassador Hotel Waikiki in downtown Honolulu.
San Antonio’s Shavano Centre III Listed For Sale Through Marcus & Millichap
Marcus & Millichap recently announced they’ve been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president investment is responsible with the transaction. The listing’s price is $12.5 million, $197 per square foot.
Stirling Properties Acquires 256-Unit Luxury Apartment Complex
Stirling Properties has announced the acquisition of Ansley Place, a 246-unit luxury apartment community located in Houma, LA.
Akron Children’s Hospital Celebrates Topping Out of New Critical Care Tower
Akron Children’s Hospital first announced its plans to build a $200 million expansion of its downtown Akron campus in the summer of 2012. Called Building on the Promise, the project broke ground some months later, on May 30, 2013. Just a few days ago it reached another important milestone.