Business Specialties Development
Construction of $1B Suburban Dallas Mixed-Use Residential Begins Thursday
May 7, 2008

Dallas Morning News reports that multifamily real estate investment trust UDR is kicking off construction of Vitruvian Park, its massive mixed-use apartment compound on 100 acres in Addison, Tex. Vitruvian Park will ultimately feature over 5,000 residences accompanied by office and retail space. UDR finished amassing the group of parcels for the project in mid-2007, and the company will demolish nearly 3,000 old apartments to make room for the behemoth development. Nearly 700 apartments will be built as part of the first phase, which will wrap up in early 2010. UDR plans to complete future phases of the endeavor with in conjunction with one more institutional investors.
 

 
Recent Development Headlines
Details Emerge for $90M Canadian Casino
July 18, 2008
Plans for a new destination casino in New Brunswick, Canada move closer toward realization as developer Sonco Gaming New Brunswick L.P. divulges details of the mixed-use property.
Pennsylvania Gaming Property Debuts $208M Expansion
July 18, 2008
The Mohegan Tribal Gaming Authority has completed its new 300,000-square-foot gaming and entertainment complex at Mohegan Sun at Pocono Downs in Wiles-Barre, Pa.
Nashville Shopping Center to Get 200,000SF Expansion
July 18, 2008
CBL & Associates have announced plans for an expansion of CoolSprings Galleria, a 1 million-plus-square-foot shopping center in Nashville.
Raffles City China Fund Closes at $1B
July 18, 2008
CapitaLand has established its first integrated development private equity fund in China. Raffles City China Fund was successfully closed at $1 billion.
Washington D.C. Clinic Property Sold
July 18, 2008
The building at 1407 S Street NW in Washington, D.C., home to the Whitman-Walker Clinic, has been sold.
 

 

UrbanAmerica Takes Rubicon Portfolio for $515M
July 18, 2008
By Paul Rosta, Senior Associate Editor As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a...

Manhattan Mixed-Use Sold to Local Investor
July 18, 2008
By Scott Baltic, Contributing Editor A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan's Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or...

Vegas-Area Resort Developer Files for Bankruptcy
July 18, 2008
By Tonie Auer, Southwest Correspondent -- A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint...

Details Emerge for $90M Canadian Casino
July 18, 2008
By Barbra Murray, Contributing Editor -- Plans for a new destination casino in New Brunswick, Canada move closer toward realization as developer Sonco Gaming New Brunswick L.P. divulges details of the mixed-use property. The $90 million project will carry the...

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...