National
Mall of America Breaks Ground on $325M Expansion Project
The nation’s largest retail and entertainment destination, Mall of America, recently broke ground on a $325 million expansion project. Minneapolis-based Mortenson, a construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community and the City of Bloomington and Mall of America celebrated the event.
Miller-Valentine to Open Affordable Housing Community in Fort Worth
Miller-Valentine Group announced development of a new multi-family community in northern Fort Worth.
Dubbed Silversage Point at Western Center Apartments, the 120-unit complex is located at 1800 Western Center Boulevard
JCR Buys Two Properties in DC Area
Last week, The JCR Companies has acquired two properties in the Washington, DC area, adding them to its growing portfolio of urban infill buildings and expanding its reach into the office sector. The two properties are located in Alexandria and in DC’s sought-after Logan Circle neighborhood.
One Santa Fe, Arts District’s Crown Jewel is Nearing Completion
One of the projects that marked a new uptick in development for Los Angeles is just months away from coming to the market. The One Santa Fe mixed-use development, featuring the backing of real estate company Canyon Capital Realty Advisors, will remodel an area of downtown L.A. The project, whose initial investor was Goldman Sachs Urban Investment Group, is now three quarters of the way into construction and will add retail, housing and art space to the area located between First and Fourth Streets, along Santa Fe Avenue.
Baltimore’s 1901 South Charles Wins USGBC Wintergreen Award
Owings Mills-based Chesapeake Realty Partners has seen its efforts to create an environmentally friendly building recognized. The 1901 South Charles apartments, one of Chesapeake’s newest apartment communities, has been awarded the United States Green Building Council Maryland 2013 Wintergreen Award for Excellence in Green Building.
Faros Properties Pays $44.9M to Acquire Massive Apartment Community in Downtown Pittsburgh
Real estate investment firm Faros Properties of New York has closed on the acquisition of the approximately 800-unit Allegheny Center Apartments on the North Side of Pittsburgh, perhaps the largest residential rental complex in the city and region.
Walmart, Green Manufacturing Announced for Nashville Metro
Retail giant Walmart is set to open another store in Metro Nashville, announced the city leaders of La Vergne, where to store is set to open.
Orion Investment Affiliate Acquires Restaurant Row Mixed Use Property
The Rialto, a 105,275-square-foot retail and office center changed hands in early March. The seller, The Wilder Companies, entrusted HFF with the marketing of the property and the sales team was led by senior managing directors Brad Peterson and Coleman Benedict and analyst Whitaker Leonhardt. The transaction was worth $31.7 million, according to Orlando Business Journal.
MHA Scores $39.85M Hat Trick in Atlanta
Multi Housing Advisors has recently announced the sales of three metro Atlanta apartment communities, 734 units combined. The transactions are worth a total of $39.85 million and representing the sellers Josh Goldfarb and Tyler Averitt of MHA were the only brokers involved.
IHG Signs Third Hotel Indigo Location in Miami
InterContinental Hotels Group builds a new $48 million hotel in Brickell that is expected to be ready by late 2016.