National
Large Office Transactions in Silicon Valley Reaffirm Market Appeal
The San Francisco Bay Area’s growing appeal is substantially improving the region’s office sector. The fact that the top three tech markets in the country are all located here, San Francisco, The Peninsula and Silicon Valley, is evocative of investor confidence, and as a result, development and asset acquisitions have ramped up during the past few years.
Baton Rouge Achieves LEED Silver with $28M The High Grove Luxury Apartments
New Orleans- and New York-headquartered The Domain Companies has announced the LEED Silver certification of The High Grove, making the 192-unit development the first luxury apartment project in Baton Rouge to achieve such a status.
Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers
Governor Pat Quinn recently announced the new Welcome Home Illinois program which aims to help Illinois’ first-time home buyers. The program provides $7,500 in down-payment assistance with an interest rate as low as 3.99 percent for a secure, 30-year fixed rate mortgage.
KTGY Group Inc. Announces Phase III of the Vallagio at Inverness
KTGY Group Inc., Architecture + Planning, recently announced that construction has started on Phase III of the Vallagio at Inverness. The transit-oriented master-planned development is located in southeast metropolitan Denver. Vallagio III, situated on the southeast corner of I-25 and Dry Creek Road, will add a total of 364 new homes to the project.
Cummins Announces $30M HQ Project at Former Arena Site in Downtown Indianapolis
Columbus, Ind.-based engine manufacturer Cummins Inc. is planning the construction of its new global distribution headquarters on a four-acre portion of the former Market Square Arena (MSA) site in downtown Indianapolis.
1,200-acre Berewick Expands with Single Family and Retail
Pappas Properties, the company behind the 1,200-acre master-planned Berewick community has teamed up with Lennar Corporation for a 68-acre expansion to the Southwest Charlotte community
HFF Closes Sale of Las Cimas IV in Austin
Las Cimas IV, the newest of the Las Cimas Buildings, has changed owners. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer, Clarion Partners.
Presidium Group Acquires Villages of Cinnamon Creek
Dallas-based Presidium Group, LLC, announced the acquisition of the fourth residential property in the San Antonio area over the past six months. The other three apartment complexes are the 252-unit Oakwell Springs, the 81-unit Hunter’s Ridge Apartments, and the 123-unit Towne Oaks apartments.
City Breaks Ground on $9M Lafitte Greenway
The Lafitte Greenway Bicycle and Pedestrian Path, a 2.6-mile multi-use trail and linear park, has broken ground, announced the City Of New Orleans.
Radiator Building Signs First Major Tenant
One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One North Development with the Kartini Clinic, an entity that deals with the treatment of eating disorders in children and young adults. The new tenant will occupy the top two of the five floors of the Radiator building starting with March 2015.