National
Phase III of The Preserve at Mayfield Ranch Has Started
By Anca Gagiuc, Associate Editor Only twenty minutes away from Downtown Austin, between the Round Rock Mayfield neighborhood, Cedar Park, and Georgetown, is a gated, master-planned community that features an urban lifestyle and modern home designs. The developers recently announced the launch of Phase III of the project. After a successful Phase II, which is […]
Crescent Communities HQ Goes LEED Silver ; Cassidy Turley Brokers Office Lease and M-U Sale
Crescent Communities, a diversified real estate investment, development and operating company focused on creating sustainable communities has announced the LEED Silver certification for its renovated corporate headquarters in Charlotte.
Hamm’s Building in The Mission District Sold by TMG Partners and Alcion Ventures
As the Bay Area’s office market continues to ignite the interest of investors, yet another signature building in the city recently traded hands in an important deal. TMG Partners announced this week that it had sold The Hamm’s Building along with Alcion Ventures.
Investors Buy Condominiums; Housing Authority Embarks on Renovation
Roosevelt Terrace apartments, a 44-year-old low-income housing complex under the ownership of the East Baton Rouge (EBR) Housing Authority, will soon kick off renovation worth $3.67 million
New Luxury Boutique Nobu Hotel and Restaurant Chicago to Open in 2016
Nobu Hospitality LLC recently announced plans for a new development in the West Loop of Chicago. The new luxury boutique Nobu Hotel and Restaurant Chicago will be located on the corner of Randolph and Preoria Streets and is scheduled to open early 2016.
New African Cultural and Business Center, Afrikmall, Set to Open This Summer
An ownership entity created by Colorado-based Northstar Commercial Partners, 10180 E. Colfax LLC, has acquired a building in Aurora, Colorado and has provided a long-term lease to Afrikmall.
Meridian Acquires Half-Occupied Medical Office Property in Rohnert Park, CA
Northern California’s medical office market continues its appeal as full service real estate developer and owner in the medical office segment, Meridian Property Company, recently announced that it had closed escrow on a property in Rohnert Park, CA. The property offers great opportunity in terms of a new leasing agreement, as a large amount of space was recently vacated at the site. The new owner will look to bring in a new tenant, following a number of improvements that Meridian already has planned for the property. The asset was sold for an undisclosed amount by a partnership between Petaluma-based PB&J Acquisitions, and an institutional investor who acquired the property back in 2012.
The University of Chicago Lists Harper Court Complex for Sale with CBRE Group
The University of Chicago recently announced that it has listed the 12-story Harper Court complex for sale with commercial real estate firm CBRE Group.
Crow Holdings Capital Partners Acquires the Historic Brown Palace Hotel Portfolio
Crow Holdings Capital Partners recently announced that its Crow Holdings Fund VI has completed the purchase of Brown Palace. The transaction includes the Brown Palace Hotel & Spa, as well as the adjacent Comfort Inn Downtown Denver, with a total of 472 guest rooms, 22,100 square feet of meeting space and five food & beverage venues.
Expansion of Newnan’s Southeastern Regional Medical Center Underway
Cancer Treatment Centers of America at Southeastern Regional Medical Center in Newnan is about to get 121,000 square feet of new space and 30,000 square feet of remodeled space, a $48 million expansion just two years after completion. Batson-Cook developed the original project and accordingly, it has been entrusted with the current construction work too.