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/.
Village Green Joins Soffer to Develop New Apartments in Pittsburgh’s SouthSide Works
The Soffer Organization has partnered with Village Green Associates of Detroit to develop a new apartment building in the city’s SouthSide Works. The Pittsburgh Business Times reports that the structure would include between 215 and 262 one- and two-bedroom residences.
Stanford Carr Joins with Kamehameha Schools to Develop $300M Residential Project in Kakaako
Stanford Carr Development and landowner Kamehameha Schools have partnered to develop a $300 million mixed-use residential project in Kakaako, the Pacific Business News reports.
PREI Joins Dominion Realty to Develop $54M Charter Square Office Tower in Downtown Raleigh
Prudential Real Estate Investors (PREI) has entered a $54 million joint venture with Dominion Realty Partners to develop the first phase of the Charter Square speculative office project in Raleigh.
Radco Cos. Acquires Receiver-Managed Property for $16.5M
The RADCO Companies has announced the acquisition of the Lakewood Lodge multifamily community in northern Indianapolis. The Atlanta-based company purchased the 454-unit property from its lender, the Lehman estate for $16.5 million.
FM Global Gives Former Johnston Headquarters a $60M Makeover
The former FM Global headquarters at 1301 Atwood Avenue in Johnston is currently undergoing a $60 million renovation.
Crescent Communities Offers Larger Apartments in $40M Multi-Family Development
Crescent Communities of Charlotte has announced plans to develop Crescent Main Street, a $40 million multi-family complex in Durham’s Ninth Street district.
Premier Riverfront Hotel in Pittsburgh Sells for $61M
Cleveland-based Forest City Enterprises has sold the 399-room Sheraton Station Square hotel in Pittsburgh. Station Square Pittsburgh Hotel LLC, a joint venture between Boston-based Pyramid Hotel Group and an affiliate of Glenmont Capital Management, LLC of New York acquired the asset for $61 million. The Plasencia Group represented the seller in the transaction.
Cerberus Grabs 2 Retail Property Portfolios in Germany
Affiliates of Cerberus Capital Management L.P. have entered into definitive agreements to purchase two German retail property portfolios out of receivership.
Brookfield’s Canadian REIT Grabs Bay Adelaide Centre East in Downtown Toronto
Brookfield Canada Office Properties announced plans to buy Bay Adelaide Centre East office tower in downtown Toronto from its parent company, Brookfield Office Properties.
Sales Start Strong for OliverMcMillan’s Symphony Condominiums in Downtown Honolulu
San Diego-based developer OliverMcMillan has announced that 70 percent of the residences at its Symphony Honolulu luxury tower have been sold in the first two days available. Construction is expected to begin at the end of 2013 and be complete in two years.