David LaRue

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  • Premier Riverfront Hotel in Pittsburgh Sells for $61M

    Cleveland-based Forest City Enterprises has sold the 399-room Sheraton Station Square hotel in Pittsburgh. Station Square Pittsburgh Hotel LLC, a joint venture between Boston-based Pyramid Hotel Group and an affiliate of Glenmont Capital Management, LLC of New York acquired the asset for $61 million. The Plasencia Group represented the seller in the transaction.

    Pittsburgh 25 July 2013 16:01
  • Forest City Completes $70.5M Miami Disposition

    Forest City sells a $70.5 million asset in southwest Miami; Cassidy Turley secures $85 million in construction financing for a Reston, Va. trophy property; and Encore Multi-Family breaks ground on a $32 million development in Dallas.

    National 10 January 2013 20:17

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    The company is aiming for an August 2018 completion on the 114,970-square-foot facility at the University of La Verne. The project will be the first one in the university’s newly approved Facilities & Technology Master Plan.

    19 June 2017 21:31
  • REIT Nabs $57M NC Community

    Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.

    07 April 2017 13:48
  • Economy Watch: Certain Residential Markets Overvalued

    In San Francisco, real residential prices have soared 65 percent since 2012, and remain 6 percent above the national average, according to the latest UBS 2017 Global Real Estate Bubble Index.

    29 September 2017 13:32
  • American Campus Nabs $561M Student Housing Portfolio

    The seven-property portfolio includes two existing communities, two communities slated to open this fall and three projects scheduled for delivery in Fall 2018.

    29 September 2017 17:37
  • Johnston Properties Adds New Development in Phoenix

    The owner of Agritopia and Barnone, two developments in Gilbert, Ariz., entered a joint venture with IPA/Liv Communities to develop its third community in the area. The project is slated to break ground this fall.

    14 September 2017 08:25
  • Arrimus Announces Student Housing Acquisition, New Hire

    The Class A property, located less than a block from the University of Houston, offers 654 beds within two five-story buildings and was named “Best Off-campus Apartments” property by the university’s students.

    03 May 2017 09:49
  • New Apartments on Old Factory Site in Metro Charleston

    The Beach Co.'s 271-unit community is located in the Park Circle neighborhood and retail district. The site of the development was once home to the General Asbestos and Rubber Co.

    20 April 2017 08:38
  • On the Market: 5 Interesting Listings for the Week of 6/26

    This week's listings include two historic properties in New York: a 1920s-era community on Long Island and a Brooklyn walk-up built in 1910.

    30 June 2017 15:07
  • Market Remains Healthy Despite Slight Dip in Rents

    July posted a 2.6 percent year-over-year increase, even after a slight decline from June, according to Yardi Matrix. So far this year, rents are up 2.7 percent compared to 2016.

    02 August 2017 15:24
  • ARA Adds New SVP to Chicago Team

    James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.

    11 September 2017 17:25