Health Care REIT Expands Portfolio

Ohio-based Health Care REIT Inc. has acquired a 192-unit senior housing development in Lake Barrington for $81.7 million from a joint venture between Senior Lifestyle Corp. and Walton Street Capital LLC,

Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development

By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, ChicagoRealEstateDaily.com reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided […]

Joint Venture Buys Alexandria Residential Portfolio for $125.5M

By Adrian Maties, Associate Editor The Praedium Group, a privately held real estate investment firm based in New York, has formed a joint venture with The Milestone Group, a Dallas-based multifamily real estate investment and management company, to buy the Alexandria Portfolio, a 556-unit multifamily portfolio in Alexandria, Va. The unknown seller was represented by […]

SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex

By Adrian Maties, Associate Editor Capital Investment Group Inc., the group that built the SouthShore condominium tower, started work on June 21 on a $15.6 million apartment building in Newport, Northern Kentucky. Officials from the city of Newport, including Newport Mayor Jerry Peluso, and representatives of Capital Investment Group attended the groundbreaking ceremony, held at […]

Stavrou to Build Townhomes in South Baltimore

By Adrian Maties, Associate Editor After nearly five years without any new towhnhome construction, the South Baltimore townhome market seems to be coming back to life. Steve Strohecker broke ground a few weeks ago on a four-townhome project. He is now followed by Annapolis-based Stavrou whose project will bring 10 luxury townhomes to South Baltimore. […]

New 363-Bed Dormitory Announced Near UMKC and Rockhurst; Glimcher Realty Trust Expands Portfolio in Leawood

By Gabriel Circiog, Associate Editor The Diocese of Kansas City-St. Joseph plans to construct a 363-bed dormitory targeting the students of Rockhurst University and the University of Missouri-Kansas City, the Kansas City Star reports. The former St. Francis Xavier School, on Troost Avenue, which has been empty since 2009, will be demolished to make way […]

Wood Partners LLC Announces 388-unit Alta Alameda Station Development

By Gabriel Circiog, Associate Editor Wood Partners LLC has announced plans to build a 388-unit transit-oriented community in the historic Baker district of Denver. Alta Alameda Station will be built on over five acres of land at 275 Cherokee Street, west of S. Broadway. The community will be directly across from the Alameda Light Rail […]

Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista

By Gabriel Circiog, Associate Editor Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and Wueste Road intersection adjacent to […]

CBRE Group Inc. Announces Sale of Rosehill Pointe Apartments

By Gabriel Circiog, Associate Editor CBRE Group Inc. has announced the sale of the 498-unit Rosehill Pointe Apartments in Lenexa. The garden-style community, located at 12701 W. 88th Circle, was built in 1985 and has benefited from over $1.4 million in capital repairs since 2007. The property was acquired by Kansas City-based Maxus Realty Trust […]

Wood Partners LLC and East West Partners Plan New Luxury Apartment Community

By Gabriel Circiog, Associate Editor Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment. The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units […]