Adrian Maties
Talbert House to Build 39-Unit Affordable Housing Development in East Price Hill
By Adrian Maties, Associate Editor Talbert House started work on Aug. 9 on the Talbert House Grand Development Initiative, a complete renovation of an apartment building in East Price Hill that will provide affordable housing for people who want to live in a drug- and alcohol-free environment. More than 50 community leaders attended the groundbreaking […]
CBRE Global Investors Fund Buys Two Class A Apartment Communities in Towson
By Adrian Maties, Associate Editor CBRE Global Investors recently announced it has purchased two mid-rise apartment communities in Towson, Maryland. The acquisition totals 430 units and was made on behalf of the CBRE Strategic Partners U.S fund series. The two class A properties are the Renaissance at the Quarter and Jazz at The Quarter. They […]
New Owner Plans to Resume Work on Kenwood Towne Place
By Adrian Maties, Associate Editor Phillips Edison Strategic Investment Fund II L.L.C. recently announced it has agreed to buy Kenwood Towne Place from a lending group led by Bank of America. The deal represents the third acquisition for Strategic Investment Fund II. Phillips Edison established the fund to focus on buying and improving large distressed […]
Baltimore’s Aging Bus Yard will Get $53M Overhaul
By Adrian Maties, Associate Editor U.S. Transportation Secretary Ray LaHood announced on July 23 that $787 million has been awarded by the federal Department of Transportation as part of its annual State of Good Repair and Bus Livability program to help repair and modernize the nation’s aging transit infrastructure. The money will fund 255 projects […]
Norfolk’s Wainwright Building to Get $40 Million Makeover
For 83 years, the Wainwright Building has been a fixture in Downtown Norfolk. After recent run of legal problems and a change of ownership, the nine-story medical office building at 229 West Bute Street is poised for a new lease on life.
Developers Break Ground on $54M Project in Over-the-Rhine
By Adrian Maties, Associate Editor The next phase of development in Cincinnati’s Over-the-Rhine neighborhood started on Tuesday, June 26, with the groundbreaking ceremony for the massive, $54 million Mercer Commons project. Cincinnati mayor Mark Mallory, city manager Milton Dohoney Jr., city council members, and 3CDC and PNC Bank representatives attended the ceremony. The Mercer Commons […]
Investor Trio to Breathe New Life into Avenue Tower
By Adrian Maties, Associate Editor With Downtown Cleveland’s occupancies approaching 96 percent and growing, according to Metro Trends, a local group of investors is hoping to acquire the residential portion of the Avenue District condominium tower downtown and rent out the empty apartments. Located at the intersection of East 12th Street and St. Clair Avenue, the […]
Archstone Starts Work on 227-Unit North Arlington Project
By Adrian Maties, Associate Editor Archstone, a recognized leader in apartment investment and operations, started work on June 5 on a brand-new 227-unit apartment community in North Arlington, one of the most affluent neighborhoods in the Washington, D.C., metropolitan area. The project is named Parkland Gardens. The development site is located at the intersection of […]
Developers Plan $100 Million Development in Columbia
By Adrian Maties, Associate Editor The city of Columbia may see a new apartment and retail complex in the near future. On Tuesday, May 22, officials with Orchard, Kettler and Howard Hughes Corp. presented plans at The Rouse Company Foundation Student Services Hall at Howard Community College, for a $100 million development, the area’s first […]
American Greetings Details Plans for New Headquarters
By Adrian Maties, Associate Editor In May 2011, the American Greetings Corp. announced its intentions to move to a new headquarters in Westlake. A year later, it has finally unveiled the first plans for the $150 million to $200 million project, to be located in Westlake’s Crocker Park. The new world headquarters designs were unveiled […]