Adrian Maties
Smartland Buys Lee-Yorkshire Apartments in Cleveland Heights
Smartland, Cleveland’s largest real estate investment firm and one of Ohio’s top property management companies, has purchased the Lee-Yorkshire Apartments. The price of the transaction was not disclosed.
FCC Environmental to Start Work on $50M Used Oil Recycling Facility in Baltimore in Q2 2014
FCC Environmental, a Houston-based service provider of waste oil collection and processing, announced it will break ground on a used motor oil recycling facility in Baltimore, in the second quarter of 2014.
Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags
By Adrian Maties, Associate Editor The 18-story office building at 700 East Main St. in Richmond’s central business district has experienced hard times in recent years, but it about to get a new lease on life. Shamin Hotels, the Richmond region’s largest hospitality operator, has acquired the 181,000-square-foot building for $7 million and plans to […]
Shamin Hotels Buys 700 Building for $7M, Plans to Plant 2 Hilton Flags
The 18-story office building at 700 East Main Street in Richmond’s Central Business District failed to lease any space to new tenants in recent years but it seems it is about to get a new lease on life. The property was sold to Shamin Hotels, the Richmond region’s largest hotel operator, and will be converted into two Hilton-branded hotels.
Developers Break Ground on New Cambria Suites Hotel in Avon
Another hotel is under construction in the Cleveland area. Choice Hotels International, Inc., Ceres Enterprises, LLC, and Consolidated Construction Company started work on October 21 on a new Cambria Suites hotel at 35600 Detroit Road in Avon. The cost of the project was not announced.
Amazon to Open Fulfillment Center in Baltimore Next Year, Create 1,000 Full-Time Jobs
On October 22 Amazon.com, Inc. announced it plans to open a 1 million-square-foot fulfillment center in Baltimore. The facility will provide full-time jobs for more than 1,000 employees.
Alexandria’s Virginia Village Sold for $68M
Another apartment community in the Washington Metro area, one of the best apartment markets in the nation, has changed hands in a multi-million dollar deal. Fieldstone Properties has paid $68 million for Virginia Village, in Alexandria, Virginia.
University of Dayton’s $53M GE Aviation EPISCENTER Is the Best Economic Development Project in Ohio
The $53 million, newly constructed GE Aviation EPISCENTER(Electrical Power Integrated System Center) on the University of Dayton’s campus is slated to open this December 13. But the facility, finished in August, is already impressing. On October 24, the Ohio Economic Development Association, a not-for-profit association of professionals whose, recognized it as the best economic development project in the state Ohio, in 2013.
Chesapeake Realty, Wood Partners and Bernstein Management Break Ground on the Winthrop Luxury Apartments
Chesapeake Realty Partners, Wood Partners and the Bernstein Management Corporation broke ground on Tuesday, October 15, on the first phase of a project that will ultimately bring 470 new luxury apartments on a 13-acre site in downtown Towson. Baltimore County Executive Kevin Kamenetz was present at the event.
Crawford Hoying Unveils Plans for $300M Mixed-Use Project in Dublin
Columbus CEO magazine readers recently selected the City of Dublin as The Best Central Ohio Suburb to Do Business for the third consecutive year. And the good news just keeps on coming. On October 22, city officials and local developer Crawford Hoying unveiled plans for a $300 million mixed-use project that will transform the Columbus suburb and create a ”world class environment.”