Adrian Maties
Hyatt Regency Cincinnati Completes $23M Renovation; $8.4M Holiday Inn Planned by Casino
The Hyatt Regency Cincinnati announced last week the completion of renovations to its lobby and existing 486 guest rooms. At a cost of $23 million, the project also called for the addition of five new rooms, to bring the hotel’s total to 491 guest rooms.
83 Luxury Apartments on the Market in DC’s West End
Washington, D.C.’s apartment market is adding 83 elegant and contemporary apartments. They are available for rent at The Bond, a newly renovated complex located at 1230 New Hampshire Avenue, in D.C.’s sought-after West End neighborhood.
Garrison Investment Group Acquires Towson Commons
By Adrian Maties, Associate Editor Towson Commons has a new owner. New York-based Garrison Investment Group has purchased the 401,775 square foot mixed-use complex; the acquisition came after two recent major leases on the property. The price of the transaction was not announced. The sale was arranged by Cassidy Turley, a leading U.S. commercial real […]
As State Fair Nears, Crowne Plaza Columbus North – Worthington Wraps $5.3M Renovation
With the Ohio State Fair just around the corner, Columbus hotel operators are doing their best to take advantage of this important opportunity and attract as many tourists as possible to fill their rooms. One such hotel, the Crowne Plaza Columbus North – Worthington, has recently completed a $5.3-million renovation of its guestorooms and suites, meeting and event space, lobby and public areas.
Work Resumes on Schofield Building Conversion; Eight Northeast Ohio Projects Receive Historic Preservation Tax Credits
After a 3-year break, work is restarting on the conversion of the 14-story Schofield Building in downtown Cleveland. The $50 million project will deliver a 122-room hotel, 55 luxury apartments, a ground-floor restaurant and retail space at East Ninth Street and Euclid Avenue by late 2014.
Construction to Start This Month on University Station’s $54M First Phase
Xavier University is getting ready to start work together with Messer Construction Co. and Ackermann Group on a long-delayed apartment and retail development at Montgomery Road and Cleneay Avenue, adjacent to the university’s campus.
Proposed Alexandria Athletics Complex Would Be Largest in D.C. Area
The city of Alexandria has received an unsolicited proposal from the St. James Group LLC to develop a huge athletics complex on the 15-acre Hensley Park. If constructed, the St. James Sports & Entertainment Complex would be the largest athletics complex in the Washington D.C. area, featuring baseball, ice hockey, rock climbing and more.
State Announces Three New Sustainable Communities in Baltimore County
Great news for three Baltimore county areas. The Maryland Department of Housing and Community Development and Maryland Department of Planning have designated Catonsville/Patapsco, Greater Dundalk, and Hillendale/Parkville/Overlea as sustainable community areas under the state’s Sustainable Communities Act of 2010.
USRA To Stay in Howard County, Buys 90,000-Sq.Ft. Building at Columbia Gateway
The Universities Space Research Association (USRA) has recently purchased a 90,000-square-foot building in Corporate Office Properties Trust’s 630-acre Columbia Gateway business park. The acquisition means good news for Howard county, as the organization that conducts research for the U.S. Space Program had considered moving to other locations around the country.
Hackman Capital JV Acquires 16 Cleveland-Area Buildings as Part of 28-Asset Ohio Industrial Portfolio
A joint venture led by Hackman Capital Partners LLC, a privately held, asset-based investment firm headquartered in Los Angeles, has recently purchased 28 industrial buildings and two land parcels located in the state of Ohio. The transaction of the industrial real estate portfolio totaling 2,593,602 square feet closed on Friday, June 14. Hackman Capital Partners did not disclose the purchase price.