Regions
Hendricks-Berkadia Taps Houston Apartment Veterans to Launch New Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), announced the hiring of Chip Nash and Greg Austin as partners with the firm.
McCann Realty Hires Texas-Based Vice President of Acquisitions
B. Todd Marney has joined McCann Realty Partners (“MRP”) as vice president of acquisitions.
Economy Watch: Chicago Fed National Activity Index Sees Uptick
The Chicago Fed reported that its National Activity Index (CFNAI) increased to –0.30 in May from –0.52 in April, noting that production- and employment-related indicators drove the uptick.
Houston Astrodome Named One of the Most Endangered Historic Places in the U.S.
Once referred to as ‘the Eighth Wonder of the World’, the Houston Astrodome now finds itself in desperate need of a viable reuse plan in order to avoid demolition.
Minneapolis City Council Green-Lights Value Capture District for Nicollet-Central Streetcar Line
Initial approval has been given by the Minneapolis City Council to redirect up to $60 million in property taxes to help pay for a streetcar line which would run along Nicollet and Central Avenues.
New Cambria Suites Hotel Coming to Plano
Plano’s population was estimated to be 272,068 in 2012, an increase of 4.7% since the 2010 census, according to the U.S. Census bureau. The area is home to some of the best rated employers in the country, including Alliance Data, Cinemark Theatres, Dell Services, Dr. Pepper Snapple Group, Ericsson, Frito-Lay, HP Enterprise Services, Huawei, J. C. Penney, Pizza Hut, Rent-A-Center, Traxxas, and Siemens PLM Software.
Work Begins on Multifamily Redevelopment in East Dallas
Prescott Realty Group, in conjunction with the city of Dallas, has restarted two projects located near Lake Highlands Town Center in East Dallas that were delayed by the late 2000s downturn in the local real estate market.
Carroll Organization Acquires Second Community in Jacksonville, Fla.
Carroll Organization and investment partner NorthStar Realty Finance Corp. have acquired multifamily community Paddock Club in Jacksonville, Fla., their second major acquisition in the area within the past two months.
TODAY’S DEALS: PREI Sells Arizona Asset for $11.5M
Colliers brokers PREI’s sale of a 192-unit asset; and Marcus & Millichap handles a large portfolio sale in Atlanta.
Behringer Harvard REIT I Inc. Announces New Name
Behringer Harvard REIT I Inc., a Dallas-based real estate investment trust, has announced a new name—TIER REIT Inc.