Hines and Archstone will break ground next week on CityCenterDC, a mixed-use project at 11th Street and New York Avenue in Washington DC. Plans call for 458 rental units, 520,000 sf of office, 216 residential units for sale, 185,000 sf of retail, and 1,500 parking spaces. Future phases will include a hotel and additional office and retail.
March 29, 2011
Sales and Trades
Cushman and Wakefield negotiated the sale of 15 acres of commercial land at West Bellfort and West Sam Houston Parkway South to a group called 1920 Sam Houston Property, LLC. B. Kelley Parker, III; John F. Littman,; and Coe Parker of C&W represented the seller. S.E. Covington & Company represented the buyer.
HFF arranged a $65 million refinancing for 5900 Wilshire, an iconic 31-story, 452,764-square-foot office tower centrally located in Los Angeles’ Miracle Mile.
March 24, 2011
Architecture firms are hiring again
Architecture firms are finally hiring again, thanks to a rise in multi-family construction. Architects have been hit hard by the recession and unemployment was high. Some sectors of the architecture business are still slow, but the firms that specialize in multi-family are coming back.
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March 23, 2011
16-property industrial portfolio trades
HFF has closed the sale of 11 industrial properties totaling 1.2 million square feet in Houston on behalf of Granite Properties. HFF represented the seller and procured the buyer, Cabot Properties. The properties are part of a larger 16-property industrial portfolio HFF marketed on behalf of Granite Properties in Houston and Dallas. The HFF investment sales team representing the seller, Granite Properties, Inc., included senior managing director Rusty Tamlyn, associate director Trent Agnew, senior managing director Randy Baird, managing director Jud Clements and director Robby Rieke.
