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SANTA FE, NM-Lowe Enterprises Investors snags the Inn and Spa for $47.5 million and plans to invest another $6.2 million to renovate rooms, meeting space and the exterior.
HOUSTON-Right Place Properties gets the 94-unit Braesforest Apartments as its inroad to the city. The rehab calls for $30,000 per door to convert it to condos.
McKINNEY, TX-The developer plans to build 440 to 460 units of its Estates brand on the site. Word on the street is work starts as soon as city officials give their nod.
SILVER SPRING, MD-The company is currently redeveloping two former public housing projects in the District, having just completed Legacy at Lincoln Park nearby.
WAYNE, PA-Keystone Property Group's redevelopment of the six-building 515,795-sf office complex it acquired in 2005 is ahead of schedule and 80% leased.