Adriana Pop
Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https://www.linkedin.com/in/ioana-adriana-pop-811772108/.
New York Investors Acquire Research Tri-Center Industrial Park in Record $115M Deal
An institutional real estate investment group represented by Clarion Partners of New York has acquired Durham’s Research Tri-Center industrial park, the largest property of its kind in the Triangle.
Oxford Development Plans 20-Story Office Tower in Downtown Pittsburgh
Oxford Development Co. is planning the construction of a new office high-rise in downtown Pittsburgh.
INTERNATIONAL: Brookfield Multiplex to Complete Final Stage of Melbourne Apartment Project
By Adriana Pop, Associate Editor Leading global contractor Brookfield Multiplex has been appointed by Far East Consortium to design and build the fourth and final stage of the massive Upper West Side residential and retail development in Melbourne’s CBD. Valued at nearly $149 million (AUD 160 million), the new 53-story building at 33 Rose Lane will provide 641 apartments, along with a large retail arcade with room for 11 tenancies, a communal swimming pool and a gym. Scheduled for completion in November 2016, the project will target a 4 Star Green Star Multi-Unit Residential V1 Design rating, under a 2009…
Maui Officials Green-Light A&B’s 600-Unit Residential Project in Kihei; Larry Ellison Buys Historic Hotel on Lanai
The Maui County Council has granted the final zoning approval for a 600-unit housing project that would spread across 95 acres of land in Kihei on South Maui.
CSM Corp. to Develop the First Two-Flag Hotel Building in Indianapolis
Minnesota-based CSM Corp. is planning the construction of the city’s first dual-branded hotel building on a surface parking lot downtown.
INTERNATIONAL: Brookfield Multiplex to Deliver Twin Tower Apartment Project in London
Essential Living has selected global construction company Brookfield Multiplex to develop the iconic Helix twin tower residential complex on the edge of London’s Canary Wharf.
JPMorgan Chase Affiliate Purchases Royal Hawaiian Center for Record $696.5M; Kahala Hotel & Resort Sells for $300M
The sale of the Royal Hawaiian Center in Honolulu closed for $696.5 million, the Honolulu Star-Advertiser reports.
Lowe’s $20.5M Call Center to Bring 1,000+ Jobs to Indianapolis
Home-improvement retail giant Lowe’s has officially unveiled its plans to establish a massive call center on the northwest side of Indianapolis that would lead to the creation of up to 1,000 jobs by 2016.
Highwoods Properties Sells RTP Office Complex for $58.7M
In its second quarter earnings report, Highwoods Properties has announced the sale of the Research Commons Office complex in Research Triangle Park. The property, which consists of five buildings and a 13-acre future development site, sold to an undisclosed buyer for $58.7 million.
Major Amazon Lease Deal Tightens Pittsburgh’s Industrial Market
Seattle-based Internet giant Amazon.com is planning to expand its network of sortation centers with the opening of a new facility in Pittsburgh’s West End.
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