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/.
World’s First Forbes-Branded Office Tower to Rise in Philippines
Forbes Media has chosen the Philippines as the site for the world’s first Forbes-branded office high-rise. The company has partnered with local developer Century Properties Group to build the approximately 646,000-square-foot Forbes Media Tower in Makati, a suburb of Manila.
A&B’s The Collection Condominium High-Rise in Kakaako Draws Good Response from Buyers
A&B Properties’ latest condominium development slated to rise at 600 Ala Moana Blvd. in Honolulu’s Kakaako neighborhood has registered strong sales. According to the Pacific Business News, about 60 percent of the 397 units in The Collection have been sold during the opening sales weekend.
Gardens at Market Square Mixed-Use Project Breaks Ground in Downtown Pittsburgh
Millcraft Investments recently held a groundbreaking ceremony for The Gardens at Market Square, a $100 million office, hotel and retail complex slated to rise on Forbes Avenue, between Market Square and Wood Street.
Gorman’s $20M M-F Project in Pabst District Wins Key Approval
The Milwaukee Plan Commission has recently approved the construction of a high-end, four-story apartment building at the former Pabst brewery complex in the city’s downtown area, The Business Journal reports.
British Co. Buys Office Building in Canberra, Australia for $152M
U.K.-based Brompton Asset Management has acquired the 15-story Industry House building in the Canberra commercial business district for $152 million. The transaction ranks as the largest deal of its kind in the capital city’s office market this year.
SouthSide Works Apartments Coming as Restrictions End
In a couple of years, the SouthSide Works riverfront could welcome nearly 400 new apartments. According to the Pittsburgh Post-Gazette, three residential projects are about to break ground in this area of the city.
Pittsburgh’s Liberty Center Complex Sells for $135M
Forest City Enterprises, Inc. and its partner, Jos. L. Muscarelle, Inc. have completed the sale of the Liberty Center complex in downtown Pittsburgh’s “Golden Triangle”. A subsidiary of Starwood Capital Group of Greenwich, Conn. acquired the property for $135 million. The transaction generated net cash proceeds, at Forest City’s share, of approximately $30 million.
Lone Star-Managed Fund Acquires 11 Distressed Office Properties in Raleigh and Morrisville
An investment fund managed by Lone Star Funds of Texas has acquired 11 office buildings in Raleigh and Morrisville for a total of $45 million, the Triangle Business Journal reports. U.S. Bank acquired the properties for $49 million at a foreclosure auction in January.
Opus/Mercy Housing Team Wins Nod for $60M Mixed-Use Project in Park East District
A $60 million development proposal slated for a 2.3-acre block in the Park East corridor has received its final approval from the Milwaukee County Board.
Manulife Launches SOM-Designed Office Project in Downtown Calgary
Manulife Real Estate is developing 707 Fifth St., an elliptical 27-story office tower slated to rise in the heart of downtown Calgary.