Adrian Maties
Liberty Property Trust Acquires 18 Acres of Land in Hanover, Plans Another Speculative Industrial Project
Liberty Property Trust has announced on Tuesday, May 21, the acquisition of 18 acres of land at 7149 Ridge Road in Hanover, Maryland. The company owns and manages nearly three million square feet of office and industrial space in Greater Baltimore Metropolitan area and plans to use the land for the future development of a multi-tenant industrial building.
Gumenick Unveils Name for West End Project: Libbie Mill
Gumenick Properties, an award-winning real estate development and management company based in Henrico, is developing an 80-acre mixed used neighborhood in Richmond’s West End. Recently, the company announced a new name for the project: Libbie Mill.
Cleveland Institute of Art to Start Work on Phase II of $63.5M Expansion
An eight-year expansion and renovation project in Cleveland is heading into the final stretch. Ground will be broken next month on the second phase of Cleveland Institute of Art’s $63.5 million project in University Circle.
Mercer Garage Delivers 340 Parking Spaces to Cincinnati’s OTR
A new parking facility is now open in Cincinnati’s Over-the-Rhine neighborhood. The Cincinnati Center City Development Corporation(3CDC) opened the Mercer Garage to the public on May 9. The new addition arrives just in time as hundreds of new residential units in the area are getting ready to come online.
Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio
Lubert-Adler, a real estate investment company based in Philadelphia, recently purchased the Huntington Point apartment complex in Alexandria, Virginia. With this, its latest acquisition, Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
Coppin State University Breaks Ground on New Science and Technology Center
On Tuesday, May 14, Coppin State University hosted a formal groundbreaking for its new Science and Technology Center(STC). Lt. Governor Anthony Brown, Mayor Stephanie Rawlings-Blake, and other elected officials attended the ceremony.
NP Limited, Trivium Plan Summer Start for Upscale 504-Unit M-F Project in Westerville
At the end of April, the Westerville City Council has approved the final development plan for the first phase of the Ravine at Westar, a large-scale apartment complex in Columbus.
NRP Group Starts Construction on 624-Bed Student Housing Community in Akron
The NRP Group, a Cleveland-based award-winning full-service developer, general contractor and property manager, announced on May 8 it will construct a 624-bed, four-story luxury student housing community in Akron.
Miller-Valentine Group’s Summit Pointe Apartments Reopens in Lawrenceburg
The Miller-Valentine Group held a ceremony last Wednesday, May 8, to celebrate the grand re-opening of the Summit Pointe Apartments, an affordable housing community in Lawrenceburg, Indiana. Alan Rakowski, Tax Credit Manager, Indiana Housing and Community Development Authority, Tim Bete, President of St. Mary Development Corporation, Adrian Colosimo, Development Risk Manager for RBC Capital Markets were among those present at the ceremony.
Morgan Properties Celebrates $10 Million Improvement Program Underway at Northwest Crossing Apartments
Morgan Properties celebrated on May 3 the next chapter of the newly re-named Northwest Crossing Apartments, a garden-style apartment community in Randallstown, Maryland.