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/.
URI Debuts $75M Research Center at College of Pharmacy
The University of Rhode Island has formally unveiled a $75 million research center for its College of Pharmacy that will enable expansion of its graduate and undergraduate programs. At five stories and 144,000 square feet, the facility can accommodate 820 students and is the largest academic building on the South Kingstown campus. Financing was provided primarily by $65 million in general obligation bonds approved by voters in 2006. Private donations and university funds made up the remaining $10 million.
Steak n Shake to Acquire Historic Office Building in Downtown Indianapolis
The sale of the historic Ober Building in downtown Indianapolis has been approved by the Metropolitan Development Commission on behalf of the Capital Improvement Board of Marion County. According to the Indianapolis Business Journal, an affiliate of the locally based Steak n Shake restaurant chain will pay $3.8 million to purchase the 62,500-square-foot office building and another $2 million for improvements. Steak n Shake plans to move its headquarters to floors three through six in the six-story Ober Building located at 107 S. Pennsylvania St. The company’s local offices are currently in the Century Building on the opposite corner of Pennsylvania and Maryland streets.
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Qualcomm to Expand Operations at Brier Creek
By Adriana Pop, Associate Editor San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations. The Triangle Business Journal reports that Qualcomm had been pursuing the deal […]
Bakery Square Expansion Plans Move Forward
by Adriana Pop, Associate Editor The city planning commission has approved a zoning change for the Bakery Square 2.0 mixed-use project planned for the site of the former Reizenstein School in Pittsburgh’s East Liberty section. A final approval is now expected from the city council. Plans call for more than 400,000 square feet of office, […]
State Green-Lights Queen’s Acquisition of Shuttered Ewa Facility
By Adriana Pop, Associate Editor Hawaii’s Health Planning and Development Agency has approved the sale of Hawaii Medical Center West in Ewa to Queen’s Health Systems for $73.2 million. According to the Honolulu Star-Advertiser, Queen’s Health Systems will spend $21.2 million to purchase the West Oahu hospital building and land from St. Francis Healthcare System […]
Bronhard Buys East Side M-F Portfolio; Arcade to Reopen
Walter L. Bronhard Real Estate has purchased seven multi-family buildings located on the East Side of Providence for approximately $5.9 million. According to the Providence Journal, the sellers are the Plushner Family Limited Partnership and 63 Realty Corp. The Providence Business News reports that the acquisition includes the four-story, mixed-use George Earle Building on Benefit St. (pictured above); the Golden Ball Inn apartment building at 19 South Court, which dates from about 1785; the 1867 John Steere House at 122 Benefit St.; a three-story apartment building at 208 Benefit St.; an eight-unit building at 26 Pitman St.; the 1839 Charles Shaw House at 134 Benefit St.; and the nine-unit building 189 Williams St.
Corydon Acquires Historic Building for Occupancy; 16 Downtown Apartments for Sale
The Corydon Group has acquired a 17,000-square-foot historic building in Indianapolis for $1.4 million. The public affairs firm purchased the vacant property at 125 W. Market Street from local businessman John Thompson. According to the Indianapolis Business Journal, the Corydon Group plans to renovate the building by early November and occupy the 4,200-square-foot top floor of the three-story building. The first and second levels will be leased, Corydon Group founder Chris Gibson told the newspaper. Financing of the purchase and the improvements is handled by Key Bank, and the renovations will be performed by Blaze Construction. An archivist has also been hired to investigate the property’s history, which could date back to the 1880s.
Dept. of Health Seeks 1M SF For-Rent Space in an Office Park
by Adriana Pop, Associate Editor The state Department of Health & Human Services (DHHS) plans to consolidate its 60 offices in Wake County into a 1 million-square-foot office campus in the Triangle region. According to the Triangle Business Journal, 10 real estate developer groups have responded to the request for proposals issued by the N.C. Department of […]
Shaner Group Restarts Foreclosed O’Hara Condo Development
By Adriana Pop, Associate Editor State College-based Shaner Capital LP has restarted a 53-unit condominium project in the Allegheny riverfront development of Chapel Harbor in O’Hara Township. The former Marbella project was stalled after its original developer, the Zambrano Corp., filed for bankruptcy in 2009. The Pittsburgh Post-Gazette reports that the Shaner Group acquired the […]