Adrian Maties
HDL Launches 95 KSF Phase 2 of HQ Expansion in Richmond
Health Diagnostic Laboratory, Inc. (HDL), one of the nation’s fastest-growing companies, started construction this week on Phase II of its headquarters expansion project in Richmond’s Virginia BioTechnology Research Park. Phase I of the project was completed in February.
$500M Flats East Bank Development Adds Seven New Retail Tenants
Flats East Bank developers announced on Wednesday, April 10, they have secured commitments from seven new retail tenants. Space is now limited in the $500 million waterfront development as three office tenants also recently signed with the project.
Balluff Breaks Ground on $6M Expansion Project in Independence, Adding 24 Jobs
Balluff Inc., the U.S. subsidiary of Balluff GmbH, based in Neuhausen, Germany, started construction last week on a $6 million expansion of its U.S. headquarters in Northern Kentucky. Governor Steve Beshear joined local and company officials in the city of Independence on Thursday, April 11, for the project’s ground breaking ceremony.
Baltimore City Officials Celebrate Approval of $1.1 Billion School Construction and Renovation Plan
Mayor Stephanie Rawlings-Blake, City Schools CEO Andrés A. Alonso, School Board Chair Neil E. Duke, Maryland Stadium Authority Executive Director Michael J. Frenz and many others gathered on Wednesday, April 10, to celebrate the approval by the Maryland General Assembly of the Baltimore City Public School Construction and Revitalization Act of 2013.
The District, Woodvale Apartments Change Hands as D.C.’s Apartment Market Heats Up
Apartments in the Washington, D.C. metro area are selling fast and for a lot of money. Just this past month, investors paid close to one billion dollars for properties totaling around 3,500 units.
Aimco Acquires Oceanfront M-F Complex in La Jolla for $29M
Prospect 400 offers a total of 60 residential units including 29 one-bedroom apartments, 24 two-bedroom units and seven studios. The property also features a number of 10 resident garages, while the community’s amenity package offers residents access to a heated pool, a common ocean view sundeck, hydro-therapy spa and a resident lounge equipped with a full kitchen, media niche, billiards table and restrooms. Located on a .65-acre site in San Diego’s La Jolla neighborhood, the residential complex is the result of a redevelopment process that transformed Kellogg’s summer home back in 1970. Since then, the apartments have been owned continuously, and a series of renovations to the building’s exterior have been undertaken as recently as 2010.
Vision Development Launches $23M M-F Complex on Columbus’ West Side
Columbus is experiencing an apartment building boom like nothing it has ever seen in recent decades. One developer trying to take advantage of the area’s growing population and the improving economy is Vision Development, Inc.
Thistledown Racino to Open on April 9
More gambling is coming to the Greater Cleveland area as Ohio is getting ready to welcome its second ”racino”. Rock Ohio Caesars’ ThistleDown Racino will celebrate its grand opening on April 9, in North Randall. American Idol winner and Las Vegas headliner Taylor Hicks will kick off the festivities with exclusive concerts.
PECo to Buy Dayton Facility, Bring 250 Jobs to the City
The Process Equipment Company (“PECo”) has announced on April 1 its plans to purchase a 425,000 square foot manufacturing facility at 2333 McCall Street, near downtown Dayton. The acquisition is part of the Tipp City-based company’s plan to consolidate and expand its local operations.
450-Unit Silver Spring Apartment Community Sells to JBG
The JBG Companies, a Chevy Chase-based private real estate development firm that develops, owns and manages office, residential, hotel and retail properties, has acquired the Falkland Chase apartments, a prominent apartment community in downtown Silver Spring. Home Properties of Rochester was the seller.