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/.
Maui County Committee Green-Lights West Maui Master-Planned Development
By Adriana Pop, Associate Editor Maui County’s General Plan Committee voted 7-1 in favor of including the proposed 600-acre master-planned Olowalu Town project within the island’s urban and rural growth boundaries. Plans for the $466 million development call for 1,500 housing units – half of which would be affordable – a school, a post office, […]
Bristol Harbor Flood Control Project Breaks Ground
Federal and local officials have broken ground on a critical $4 million flood-control project in the southern end of Bristol Harbor. The Tanyard Brook project will replace the existing pipe and stone-lined channel from Garfield Street to the outfall at Walker’s Cove with a new concrete box culvert. The project is financed through $2.9 million of federal money from the U.S. Economic Development Administration and a $1.1 million community development block grant. Northern Construction Service of Weymouth, Mass. will perform the construction work, with BETA Engineering overseeing the project. Construction is estimated to take 15 months.
Citrix Plans to Place Raleigh Headquarters in Warehouse District
by Adriana Pop, Associate Editor Citrix Systems Inc. has made the decision to locate its new downtown Raleigh headquarters in the old Dillon Supply steel warehouse at the corner of West and Hargett streets. The NewsObserver reports that the company plans to move into its new offices by November 2013, becoming the largest corporate presence in the […]
$120M Mixed-Use Lakefront High-Rise Proposed
The underused Downtown Transit Center could be replaced by a 44-story hotel and apartment development. BizTimes Milwaukee reports that developer Rick Barrett, architect Matt Rinka and county officials have unveiled plans for a $120 million tower overlooking Lake Michigan. Called The Couture, the new high-rise would feature a hotel with 180 guest rooms, 179 high-end apartments, restaurants, retail space and 775 parking spaces. Upon completion, the building would be the third tallest in Milwaukee after the U.S. Bank Center and the 100 East office building. The Couture is expected to generate more than 4,400 construction jobs, 200 permanent jobs and an anticipated $2 million in tax revenue.
City Council Green Lights Restarted Crabtree Village Master Plan Project
by Adriana Pop, Associate Editor The City Council of Raleigh unanimously approved a master plan for a proposed mixed-use project located on a 24-acre portion of the Kidd’s Hill property behind Crabtree Valley Mall. Wells Fargo Bank and developer Pappas Properties of Charlotte are planning to restart the stalled Crabtree Village master plan by proposing […]
ERT to Acquire Biomedical Company Invivodata
by Adriana Pop, Associate Editor Global technology company ERT purchased Pittsburgh-based biomedical company Invivodata, Inc. for an undisclosed amount. The acquisition positions ERT as a leader in Clinical Outcome Assessments. The transaction was facilitated by San Francisco-based private equity group, Genstar Capital LLC, which recently announced it has completed the acquisition of ERT. In June, […]
St. Francis Prepares to Sell Former Hawaii Medical Center West
by Adriana Pop, Associate Editor St. Francis Healthcare System of Hawaii expects to sell Hawaii Medical Center West to Queen’s Health Systems. “Preparing the West Oahu hospital for sale is one of our top priorities in the next few months,” St. Francis President and CEO Jerry Correa told the Pacific Business News. In May, Queen’s Health Systems, […]
Larry Ellison Closes on $500M+ Purchase of Lanai from Castle & Cooke
by Adriana Pop, Associate Editor Larry Ellison, founder and CEO of Oracle Corp., has completed his acquisition of 98 percent of Lanai, Hawaii’s sixth-largest island, from David Murdock’s Castle & Cooke. Financial details of the transaction were not disclosed, although the price is estimated at more than $500 million. The Pacific Business News reports that […]
Pittsburgh Penguins, University of Pittsburgh Plan for Sports Complex in Cranberry
Adriana Pop, Associate Editor The Pittsburgh Penguins along with the University of Pittsburgh Medical Center (UPMC) are planning a joint practice rink and sports medicine complex in Cranberry. According to the patch.com, the proposed 150,000-square-foot complex would be located in the Summit of Cranberry Woods business park off Route 228, near Hilton Garden Inn. Penguins […]
United Therapeutics Buys 3 Buildings in Research Triangle Park for $17.5M
by Adriana Pop, Associate Editor United Therapeutics Corp. has paid GlaxoSmithKline $17.5 million for the purchase of three buildings in the Research Triangle Park. The property sits on 135 acres of land adjacent to United Therapeutics’ 55-acre manufacturing facility and encompasses approximately 720,000 square feet of office and laboratory research space. The Research Triangle Park’s […]