National
Wood Partners’ Alta Heights Shows Strong Leasing; JV Buys Westchase Office Building
Wood Partners, L.L.C., one of the nation’s most active multifamily developers, announced that its Alta Heights apartment community in Houston is almost 70 percent occupied. Since the community opened its doors four months ago, it has leased 173 of the 256 available units.
Hines Unveils Design of New Office Tower in Victory Park
Hines plans to add a new 23-story office tower to Dallas’s vibrant Victory Park district. Located in the heart of Dallas at the intersection of Interstate 35, the Dallas North Tollway and Woodall Rodgers Freeway, Victory Park is home to over 1,000 residences,
Northchase Office Park in Raleigh Welcomes New Tenant
Phillips Architecture has recently relocated to the newly renovated Northchase office park on SIx Forks Road in Raleigh.
Cortland Partners Enters Orlando Market, Hires Local Expert
Cortland Partners recently acquired its first asset in the metro Orlando market. The firm purchased Harbor at Lake Howell, a 408-unit, garden-style community in Casselberry for $40 million. Aside from the acquisition, the company also announced that it has added John Builder to its team of experts.
Emblematic Midtown Hotel Changes Hands for $61M
Georgian Terrace Hotel has a new owner. SoTHERLY Hotels Inc. paid $61 million for the asset. The price includes an adjacent 698-space parking structure and a 0.6-acre development parcel.
Trophy Bayfront Miami Beach Multifamily Site Has New Owner
The Boca Raton office of ARA announced the sale of a 1.1-acre waterfront development site at 6800 Indian Creek Drive in Miami Beach. The company spoke for the seller, Miami-based Windsor Capital, in the transaction.
Hyatt Place Austin Downtown Purchased by Carey Watermark Investors for $87 Million
Hyatt Place Austin Downtown, the 296-room upscale select-service hotel located at 211 East 3rd Street was recently acquired by non-traded REIT Carey Watermark Investors. The hotel was ranked best in its category for the second year in a row by Business Travel News 2013 Hotel Chain Survey, and received the “Highest in Guest Satisfaction Among Upscale Hotel Chains” recognition by J.D. Power in 2013.
FelCors Sells Charlotte Hotel for $37M
FelCor Lodging Trust Incorporated has announced entering into a $37 million sales agreement with an undisclosed buyer for the 208-key Doubletree Suites Hotel Charlotte – SouthPark as part of its portfolio repositioning plan.
New Construction Codes to Help D.C. Become Global Sustainability Leader
Washington, D.C. is committed to becoming the greenest and most livable city in the nation, as well as a global leader in sustainability. On Friday, March 28, the city adopted the 2013 D.C. Construction Code. It features some of the most modern, sustainable, and energy- and water-efficient building practices.
Albuquerque Opens Public Comment Period for Apartment Development on Uptown Transit Site
The southeast corner of Albuquerque’s Uptown and American Parkway NE, the location of Uptown Transit Center, is this year in the attention of city officials interested in proposals from private developers for a new construction project. The desired development would be a mixed-use combining apartments, commercial space, and parking.