$800,000 Improvement Project Coming to Multifamily Unit in Charleston, SC
Alta Brighton Park, a 329-unit community in Summerville, S.C., has been acquired by American Landmark Apartments (ALA) — one of the fastest-growing multifamily owner-operators in the U.S. ALA will rename the property Elevate at Brighton Park after an $800,000 improvement program.
Commercial Real Estate Giant Purchases Maryland Office Building
Maryland-based commercial real estate development company, Merritt Properties, has purchased a 98,640-square-foot office building in Hunt Valley, Md. The construction project, Schilling Green III, is intended to be a LEED Silver certified, three-story Class A Office.
Industry Professionals Judge Architectural Design Competition
Architecture students at Drury University in Springfield, Mo recently competed for the annual Student Design Competition. The competition, sponsored by the American Institute of Architects Central States Region, consisted of six other area colleges. After an intensive 12-hour competition where students posed a theoretical problem based on a real-life situation, the Drury University team was named victorious.
Data Finds Energy-Efficiency to be Cheaper than Producing Energy
New data from the American Council For an Energy-Efficient Economy (ACEEE) shows investing in efficient buildings and operations for residential, commercial, and institutions is cheaper than producing energy. Assistance in purchasing energy efficient appliances, maximizing insulation factors, and strict maintenance and monitoring schedules are among the measures included for both new construction and renovations.
South End in Charlotte, NC to see Continued Growth with 23-Story Tower
Two real estate development companies will continue to bring a corporate presence to the South End area of Charlotte, N.C. The newest project, announced last week, will be a 23-story tower located off South Boulevard. Justin Siemens, president of the commercial real estate development firm Stiles Carolina, said construction on the 385,000-square-foot office building is set to begin in 2020.
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