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/.
Aloft Hotels Slated to Open in Raleigh and Durham by Mid-2015
Starwood Hotels & Resorts has announced it would bring the Aloft brand to the Triangle with the opening of two new properties.
Deylen Realty to Develop $10M Apartment Community on Virginia Avenue in Indianapolis
Local developer Deylen Realty is planning the construction of a new apartment complex in the city’s Fountain Square neighborhood southeast of downtown. According to the Indianapolis Business Journal, the $10 million project at 501 Virginia Avenue will replace a warehouse with 68 market-rate apartments, 9,900 square feet of retail space and a 104-space parking garage with 76 underground spaces. The facility is currently occupied by Impact Group Inc.
Construction to Begin on New GlenLake Office Building in West Raleigh
Highwoods Properties has announced it would soon break ground on its fourth building at the GlenLake Office Park near Crabtree Valley Mall in west Raleigh. The locally based real estate investment trust expects to invest $35.8 million in the development of the approximately 166,000-square-foot project, which is already 25 percent leased.
Blackstone Buys European Mall Developer Multi Corp.
Blackstone has completed the takeover of Netherlands-based Multi Corporation, a leading owner, manager and (re)developer of high quality shopping centers across Europe.
Cole Buys Coventry Retail Center for $11.6M; Gilbane Gets Green Light for East Side M-F Project
Cole Capital Advisors Inc. has acquired Coventry Crossing, a 20,752-square-foot CVS-anchored shopping center in Coventry, for $11.6 million, or $559 per square foot.
LexisNexis Chooses 120,000-Sq.-Ft. in Centennial Campus for Expansion
Legal research firm LexisNexis has announced it would relocate its software division from Cary to Raleigh to accommodate the company’s growth. According to the Triangle Business Journal, LexisNexis will occupy the 120,000-square-foot office building on Centennial Campus that technology firm Red Hat had vacated earlier this year when it relocated to downtown Raleigh.
Allied Builders System Tapped to Develop Kamehameha Schools’ Retail Project in Haleiwa
Honolulu-based general contractor Allied Builders System has been selected to oversee the construction of a 27,000-square-foot commercial center in the Oahu North Shore town of Haleiwa. Kamehameha Schools made the announcement during the project’s groundbreaking blessing ceremony on September 26th.
220-Unit Apartment Project Advances in Upper St. Clair
A new 220-unit upscale multi-family development is slated to rise in the city’s Upper St. Clair suburb. According to the Pittsburgh Business Times, the project’s developer, a company affiliated with Bridgeville-based construction firm John Deklewa & Sons Inc., has recently been granted final approvals from the township’s municipality to move the project forward.
Developers Plan $10.7M Affordable Senior Housing Project in Indianapolis
Local low-income housing developer BWI Development & Management Inc. has partnered with the not-for-profit Local Initiatives Support Corporation to develop an affordable housing project for seniors in Indianapolis.
Canada’s Condominium Complex Garners Emporis Skyscraper Award 2012
The Absolute World residential towers in the Toronto suburb of Mississauga have garnered the Emporis Skyscraper Award, one of the most highly regarded prizes for high-rise architecture.