Templeton plans to capitalize on the multifamily growth opportunities in the Pacific Northwest and Southern California by expanding its footprint to residents across Seattle and the West Coast.
When completed in the fall of 2019, Magdalena Hotel and Condominiums will be the largest hotel to date for noted Texas hotelier, Liz Lambert and her Austin-based Bunkhouse hospitality group.
City Center is a reinvention of the suburban shopping center model where community, culture and commerce converge with community events and cultural celebrations in addition to the usual retail and entertainment offerings.
"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.
McCarthy recently completed a build-out of the ninth floor of the Jan and Dan Duncan Neurological Research Institute, which includes approximately 23,000 square feet of new lab space.
In a market with strong fundamentals and investor demand, a multifamily acquisition represents a unique opportunity for a private investor to exchange into a core property with long-term value potential.