Charlotte greenlights Levine’s Plaza Midwood apartment project

Add another apartment complex to Charlotte’s booming Plaza Midwood neighborhood. Local firm Levine Properties got the greenlight from Charlotte City Council to rezone just under an acre at 2100 Commonwealth Avenue, allowing 175 multifamily units and 12,000 square feet of ground-floor retail, the Charlotte Business Journal reported.  The building will have a maximum height of […]

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oWow seeks to boost height of apartment tower in SF’s SoMa — while under construction

oWow wants to add seven residential stories to an office and apartment highrise in San Francisco — and get it approved during construction. The Oakland-based developer is taking advantage of a new state “double density bonus” law to add 161 apartments to the partially built tower at 960 Howard Street, in SoMa, the San Francisco […]

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City of Alameda poised to sell four commercial buildings on Alameda Point

The city of Alameda is poised to sell four commercial buildings on Alameda Point to raise money to pay for an estimated $700 million in infrastructure for new businesses and homes. The East Bay island city is readying for sale Buildings 92, 101, 114 and 607 at a former 1,000-acre naval air station, the San […]

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Pearlstone seeks equity for $250M condo project in downtown Austin

Pearlstone Partners is seeking equity partners for a $250 million condo project in downtown Austin, shedding light on the tough lending climate that’s hindered development across much of the nation. The local firm, headed by CEO Robert Lee, needs outside capital to help fund construction of the Belvedere, a nearly 300,000-square-foot condo complex set to […]

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Mayor Johnson tackles streamlining of development approvals

Mayor Brandon Johnson’s proposal to raise property transfer taxes on high-end deals has irked much of Chicago’s real estate community, but he’s also pushing for a change that could win some of them over.  Johnson is working to streamline the city’s arduous development approval process, which has long been a point of contention between real […]

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Why developers disagree on SF’s office-to-resi March ballot measure 

San Francisco developers are divided on Proposition C, Mayor London Breed’s measure on the March ballot that would eliminate the transfer tax on up to 5 million square feet of office-to-residential conversions Downtown.  Some say it’s a step in the right direction while others call it a “performative” measure that could do more harm than […]

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Marc Bushala’s MAB Capital Management selling Fulton Market development site 

Marc Bushala is ready to cash out on a Fulton Market development site, where a small office project was once in the works. Bushala’s MAB Capital Management has hired JLL brokers to market the 13,700-square-foot surface parking lot at 450 North Morgan Street, roughly nine years after buying the property for $1.9 million, CoStar reported.  […]

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Chicago Bears’ stadium search swings back within city limits

The Chicago Bears’ hunt for a stadium site has been like a game of pinball across the metro area.  The NFL squad is backing off its $5 billion plan for Arlington Heights amid a property-tax assessment dispute, and is instead focusing on remaining in the city limits, Crain’s reported. Sources within the municipal government and […]

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Hillwood plans 4,000 more homesites in Dallas suburb Celina

A transformative residential project is on the horizon in one of Dallas’s fast-growing suburbs. Ross Perot Jr.’s Hillwood Communities has acquired 1,380 acres of ranchland near downtown Celina, with plans to build a 4,000-home community called Ramble, the Dallas Morning News reported.  The development, located on Preston Road, is expected to open in 2025. It’s […]

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MLB commissioner backs White Sox stadium at Related Midwest site 

Major League Baseball commissioner Rob Manfred has given the thumbs up to the Chicago White Sox’s proposal to construct a stadium at The 78, Related Midwest’s development in the South Loop.  Manfred emphasized the benefits of the location’s proximity to downtown, highlighting its potential to revitalize the area and enhance fan experience, Crain’s reported.  “Baseball […]

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