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/.
Hawaii’s First Seawater Air-Conditioning Project to Start Construction
by Adriana Pop, Associate Editor Honolulu Seawater Air Conditioning, LLC (HSWAC) is moving closer to begin construction on the state’s first seawater air-conditioning district cooling project. The Pacific Business News reports that the company is one month from choosing contractors to develop the $250 million renewable energy system in Kakaako. The seawater air conditioning firm […]
Nonprofit FHI 360 to Relocate HQ to American Tobacco Campus
by Adriana Pop, Associate Editor FHI 360 plans to move its headquarters and about 400 employees to downtown Durham’s American Tobacco Campus next year. The transaction represents one of the largest leases signed in the Triangle in recent years, providing American Tobacco’s owner, Capitol Broadcasting, with an anchor tenant. The NewsObserver reports the Durham-based international nonprofit […]
Hyatt Completes Largest Hyatt Place Hotel in U.S.
by Adriana Pop, Associate Editor Hyatt Hotels Corp. and management company Kokua Hospitality, LLC announced the opening of the second tower at Hyatt Place Waikiki Beach. The Diamond Head Tower joins the Pali Tower, the first tower, which opened in December 2011 as the first Hyatt Place hotel in the Hawaii market. Hyatt Place Waikiki Beach […]
Action Housing Develops Western Pennsylvania’s First Passive House
by Adriana Pop, Associate Editor
Action Housing Inc. is developing the first Passive House in western Pennsylvania.
Passive Houses are extremely energy efficient buildings that save space heating costs while preserving high indoor air quality.
The 1,800-square-foot home will be developed according to Passive House standards, a German system of constructing airtight buildings that need little or no […]
Connor Group Pays $26M for 5th Acquisition in N.C. Market
by Adriana Pop, Associate Editor
The Connor Group purchased Autumn Woods Apartments, a 236-unit luxury community located in Carrboro, for $26.25 million. The Ohio-based real estate investment firm bought the property from Fairfield Autumn Woods LLC of San Diego.
The community sits on 14 acres and was built in 1997. The Triangle Business Journal reported that Fairfield […]
DSI Buys 54 Dialysis Clinics from Fresenius
by Adriana Pop, Associate Editor DSI Renal announced that it has acquired 54 dialysis clinics from Fresenius Medical Care AG & Co. KGaA. Nine of the clinics are located on Oahu. The transaction triples DSI’s national footprint to 85 clinics in 23 states. Following the transaction, DSI and it will become the fourth largest for-profit provider of outpatient dialysis services […]
Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners
by Adriana Pop, Associate Editor
BGC Partners Inc., a New York financial services firm, has received the bankruptcy court’s approval to acquire substantially all the assets of Grubb & Ellis Co., the fifth-largest commercial property manager in the Pittsburgh region according to the 2012 Pittsburgh Business Times Book of Lists.
On Feb. 20, Grubb & Ellis listed […]
Red Hat Subleases Headquarters Space from Progress Energy
by Adriana Pop, Associate Editor
Red Hat plans to move its headquarters from North Carolina State University to a new 19-story, 365,000-square-foot, hi-rise downtown. Red Hat will be subleasing the space from Progress Energy.
The lease contract amounts to about $86.68 million, not including concessions, over the next 23 years., the Triangle Business Journal reports.
The new building, Red Hat Tower, is situated at […]
Glimcher Purchases Blackston’s Interest in Pearlridge Mall
by Adriana Pop, Associate Editor Glimcher Realty Trust is purchasing an 80 percent indirect ownership interest in Pearlridge Center, the second largest shopping mall in Hawaii. Glimcher is using a recent common stock offering, and possibly funds from its credit facility, to finance the purchase from affiliates of Blackstone Real Estate Partners VI. The purchase price will be about […]
U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M
by Adriana Pop, Associate Editor
Children’s Hospital of Pittsburgh plans to develop a four-story, 60,000-square-foot medical complex in South Fayette Township. According to the Pittsburgh Business Times, the facility will include an urgent care clinic, an imaging center, and other specialized pediatric services.
The South Fayette Township Board of Commissioners named the University of Pittsburgh Medical Center […]