Cities
UBS Buys North Hollywood High-Rise Apartments for $74 Million
By Alex Girda, Associate Editor In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June 2010, when it was acquired in an REO sale by a joint venture […]
Make it Right Foundation will Assist Conversion of Bancroft School Into Affordable Apartments
By Gabriel Circiog, Associate Editor Make It Right Foundation, founded by Hollywood actor Brad Pitt, together with BNIM Architects from New Orleans, will help out in the renovation of the long-closed Bancroft School into affordable apartments and a community center, The Kansas City Star reports. Plans call for the conversion of the 103-year-old brick school […]
Briarcliff City Apartments Sold to CH Realty V/Briarcliff LLC; Kansas and Missouri United to Keep Marine Data Center
By Gabriel Circiog, Associate Editor Kansas City Life Insurance Company has announced the sale of its 50 percent interests in a joint venture entity, the Briarcliff City Apartments in Kansas City, Missouri. Located at 3880 N. Mulberry Drive, in the Briarcliff master planned community, just five minutes from downtown, the 263-unit multifamily development was a […]
Fat City Lofts Project in Danger as CCDC Votes in Favor of Solar Turbines
By Gabriel Circiog, Associate Editor The Center City Development Corp. board has cast its vote on the Fat City Lofts development. As previously reported, Solar Turbines has opposed the project arguing that coexistence with the planned 232-unit apartment development would be virtually impossible. The company stated that the development would attract an environmental review that […]
Former Boston Herald Building Gets New Life as Mixed-Use Complex
By Veronica Grecu, Associate Editor
Newton-based National Development revealed new details of the redevelopment project that will transform the former Boston Herald headquarters at the corner of Herald Street and Harrison Avenue in the South End into a 6.2-acre mixed-use complex. […]
Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain
By Gabriel Circiog, Associate Editor San Diego-based Newland Real Estate Group LLC has formed a new joint venture with North America Sekisui House LLC, a division of a major Japanese development company, and has thus acquired the largest operating portfolio of residential master-planned communities in the United States. The San Diego Union-Tribune reports the deal […]
Kansas City Reaches $15 Million Settlement for Citadel Plaza Development Lawsuits
By Gabriel Circiog, Associate Editor The Citadel Plaza development saga is finally over with the city putting the cap on the long legal battle. The Kansas City Star reports the details of the settlement that was unanimously voted by the City Council back in November. The $80 million project drawn up over 10 years ago, […]
Briarcliff Realty Plans 298-Unit Development; Aragon Holdings Expands Portfolio
By Gabriel Circiog, Associate Editor Briarcliff Realty is planning to build an apartment community south of the Tuileries Plaza retail center, the Kansas City Star reports. The 298-unit development, Village at Burlington Creek, was approved by the Kansas City Planning Commission, and upon approval from the Kansas City Council,the construction could begin by March. The […]
Historic U.S. Courthouse in Downtown Kansas City Redeveloped into Apartments
By Gabriel Circiog, Associate Editor The redevelopment of the former Kansas City downtown federal courthouse into an apartment building is complete. The Kansas City Star reports Mayor Sly James participated in the inaugural ceremony which marked the completion of a grueling redevelopment that started five years ago. James describes it as a unique environment and […]
Kansas City TIF Commission Approves Redevelopment Plan for Stalled Antioch Mall
By Gabriel Circiog, Associate Editor The long-stalled redevelopment of the Antioch Mall seems to be back on track as the Kansas City Tax Increment Financing Commission unanimously approved the plan proposed by the new owners of the mall, Antioch Redevelopment Partners LLC. The Kansas City Star reports the Kansas City Council is expected to approve […]