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The new owners plan to spend approximately $3.2 million on a repositioning strategy, including renovation of common areas, amenities, and unit interiors.
In a GlobeSt.com interview, CBRE's director of research & analysis, Nicole LaRusso, talks about the 600% increase in flexible office space leased in Manhattan since 2009.
Active adults have not been adequately represented with viable housing options, but that is about to change with two North Texas projects, Lakes at Legacy in Prosper and ArrowBrooke in Aubrey.
The Three Fountains multifamily asset presented Westmount with the opportunity to acquire a well-positioned value-add property near Westover Hills in San Antonio, a market with job growth and a strong economy.
Art Plaza, located at 58 NE 14th St., will include 577 two-bedroom units and 90 one-bedroom apartments, along with 11,764 square feet of street-level retail and restaurant space.