Ares Management, a Los Angeles-based investment firm, has purchased the 14-story Vistana building from the local group that built it.
Development
Analysis: What’s to become of WeWork on Houston Street amid company turmoil?
The renovation of the Grant and Kress buildings continues in preparation for WeWork’s move in. But it’s hard to ignore the company’s turmoil.
Council approves sale of five St. Paul Square buildings
The City Council on Thursday approved the sale of five properties at St. Paul Square to a company that includes REATA Real Estate.
Alameda Theater’s $20M rehab plans get green light
The renovation plans for the circa-1949 Alameda Theater, which has been closed since the 1980s, received final approval Wednesday. Construction work is scheduled to begin the first quarter of 2020, and end in May 2021.
N.C.-based Winston Hotels to purchase Riverview Towers
North Carolina-based Winston Hotels is in the process of purchasing the Riverview Towers office building at 111 Soledad St., and plans to convert most of the floors into a pair of hotels.
Nearly 500 parking spaces added downtown with USAA garage expansion
On Monday, USAA reopened its six-level downtown parking garage, having added nearly 200 spaces to the structure for a total of 548 spots.
With Frost Tower finished, Weston Urban pivots toward housing
Weston Urban is obligated to build at least 265 housing units on nearby properties it purchased, or will purchase, from the city and Frost Bank. Its housing production in west downtown will “far exceed that.”
Canopy by Hilton expected to reach max height in October
Passersby should see the 22-story Canopy by Hilton reach its maximum height by mid-October, developer Chris Hill said.
View from the top: Touring the 24-story Frost Tower
About a dozen media members toured the 24-story Frost Tower on Tuesday afternoon, one of the first peeks inside the recently-opened Pelli Clarke Pelli-designed office building.
Pearl’s Southline apartments set to open in November
Southline, a 223-unit apartment building that effectively extends the Pearl’s footprint south across Newell Avenue, is scheduled to open in November. Rents start at $1,580.