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Development news – page 30
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Houston College Converting Former Senior Living Facility to DormsHouston Christian University is converting a former senior living facility into student housing. The 200,000-square-foot facility is scheduled to close in June, allowing the school to begin renovations on the five-story building.
Riverside-Led Team to Redevelop Charlotte Office TowersRiverside Investment & Development and Singerman Real Estate acquired the former Two Wells Fargo Center at 301 S. Tryon St. The Charlotte Business Journal reports the joint venture paid $36.5 million.
Representative imagePartners Development Breaks Ground on 108,750 SF Industrial Project in Buda, TexasBUDA, TEXAS — Partners Development, a division of Partners Real Estate, has broken ground on a 108,750-square-foot industrial project in Buda, a southern suburb of Austin.
Representative imageChicago’s Industrial Market Records Strong Starts Amid Elevated VacancyFind out which of the market's metrics are staying strong, according to Yardi Matrix. The post Chicago’s Industrial Market Records Strong Starts Amid Elevated Vacancy appeared first on Commercial Property Executive.
Partnership Delivers 283-Unit Build-to-Rent Community in North PhoenixPHOENIX — Mark-Taylor Residential, Scottsdale, Ariz.-based Sunbelt Holdings and Boston-based Rockpoint have developed The Hillburn, a build-to-rent multifamily community in North Phoenix. Located at 2550 W.
Hoar Construction, American Real Estate Partners Complete Alexandria Office-to-Residential ConversionHoar Construction announced the completion of construction on CityHouse Old Town for American Real Estate Partners (AREP). CityHouse Old Town is a seven-story, office-to-residential conversion project on King Street in Alexandria, Virginia.
Related, BH Land $360M to Build Waterfront Condo Tower in Hollywood, Fla.The Pérez family’s Related Group and BH Group secured a $360 million construction loan from Tyko Capital for a waterfront luxury condo tower in Hollywood, Fla., Commercial Observer has learned.
Extell Files Plans for 86-Story Residential Development at 80 West 67th StreetExtell Development is forging ahead on its plans to build housing at 80 West 67th Street on Manhattan’s Upper West Side.
Representative imageClarion JV to Develop Salt Lake City Spec CampusGroundbreaking is expected this summer. The post Clarion JV to Develop Salt Lake City Spec Campus appeared first on Commercial Property Executive.
NewQuest Underway on 100,000 SF Retail Expansion Project in New Braunfels, TexasNEW BRAUNFELS, TEXAS — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, a northeastern suburb of San Antonio.
Durham Lands $1.4B Pharma CampusAbbVie announced a $1.4 billion investment to build a 185-acre pharmaceutical manufacturing campus in Durham, North Carolina.
Representative imageCaliber to Build Hyatt Extended-Stay HotelThe Colorado property will be the first in a 15-property development deal. The post Caliber to Build Hyatt Extended-Stay Hotel appeared first on Commercial Property Executive.
Construction Complete on Opus Build-to-Suit Facility for Elgin RecyclingOpus has completed construction on a 52,174-square-foot build-to-suit facility for Elgin Recycling at 58 Center Drive in Gilberts, Illinois.
Timberline, Origami Capital Break Ground on 6.4 MSF Rivana Mixed-Use Development in Northern VirginiaDULLES, VA. — A partnership between Timberline Real Estate Partners and Origami Capital Partners LLC has broken ground on Rivana, a 6.4 million-square-foot mixed-use development located on 103 acres in Northern Virginia’s Loudoun County.
Creation to Develop 700,000 SF Industrial Campus in Avondale, ArizonaAVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer.
Chicago Developer Lands $56M to Build Fort Lauderdale RentalCedarSt Companies nabbed a $56 million construction loan for a multifamily project in Fort Lauderdale, Fla., property records show.
MAS AJP, Flagler to Develop 20,000 SF MedSquare Healthcare Facility in CharlottesvilleCHARLOTTESVILLE, VA. — A joint venture between MAS AJP and Flagler Healthcare plans to develop MedSquare Charlottesville, a 20,000-square-foot healthcare facility located at 300 Worrell Drive.
Time Equities Lands $160M to Build Multifamily Dev in Boynton BeachTime Equities has secured a $160 million construction loan for a multifamily development in Boynton Beach, Fla., property records show.
Related California, McCourt Forge JV for San Francisco Office/Hotel TowerRelated California said Monday it has formed a joint venture with Los Angeles-based McCourt Partners to develop the Jackson, a 41-story office and hotel tower planned for 530 Sansome St. in San Francisco.
Logistics Firm Starts Work on 600K-SF Denver-Area Industrial ParkLogistics Property Co. has broken ground on Eagle 25 Logistics Center, a 600,000 square foot logistics center consisting of three buildings, in Thornton, Colo.