Regions Southwest
$46M Affordable Housing Project in San Diego Reaches Milestone
Aug 29, 2008

Father Joe's Villages 16th & Market Workforce Affordable Housing Development takes a big step toward realization with the topping off of the 12-story downtown San Diego residential property. ROEL Construction is spearheading building efforts on behalf of developer Father Joe's Villages, which conceived the $46 million project, its inaugural housing endeavor, to accommodate low-income and working families in the area. Joseph Wong Design Associates is the architectural firm behind the 217,100-square-foot structure that ultimately will feature 136 apartment units, ground-level retail space and a two-level underground parking facility. Construction of 16th & Market is scheduled to conclude in January 2009, and doors will open to residents a month later.

 
Recent Southwest Headlines
General Growth Wangles Extensions on $900M in Mortgages
Dec. 01, 2008
General Growth Properties Inc. has reached an agreement with a six-lender consortium to extend the maturity date for $900 million in mortgage loans on the company’s Fashion Show and Palazzo malls on the Las Vegas strip.
Halvorson Joins Hanley Investment as SVP, Arizona Retail
Dec. 01, 2008
Hanley Investment Group Real Estate Advisors said today that industry veteran John Halvorson has joined the company as a senior vice president to focus on the Arizona retail market.
Commerce Center Intercontinental Acquires Tucson Industrial Portfolio
Nov. 25, 2008
Intercontinental Real Estate Corp. has purchased a technology & industrial portfolio in Tucson, Ariz., the company announced. The acquisition was made on behalf of Intercontinental’s U.S. Real Estate Investment Fund L.L.C.
Opus Phoenix-Area Retail Center Moves Forward
Nov. 21, 2008
Opus West Corp. has begun construction on, and nailed down leases for most of the space at, the 170,000-square-foot Mill Crossing retail center in Chandler, Ariz., in southeast metro Phoenix.
$700M Houston-Area Mixed-Use Project Expands
Nov. 20, 2008
A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.