Adrian Maties
Horseshoe Cleveland Finally Opens
By Adrian Maties, Associate Editor The Horseshoe Casino Cleveland is finally here. On the evening of May 14th, the casino officially opened its doors to the public. Gary Loveman, chairman, president & CEO of Caesars Entertainment Corp.; Dan Gilbert, chairman of Rock Gaming; Marcus Glover, general manager & senior vice president of Horseshoe Cleveland; Cleveland […]
New Apartments Coming to Downtown Cincinnati This Summer
By Adrian Maties, Associate Editor An $18 million development project will bring 88 new apartment units to downtown Cincinnati this summer. The Edgewood, Ky.-based Ashley Commercial Group has partnered with Arcadia Communities of Louisville to transform the former Federal Reserve Bank building into The Reserve at 4th and Race, an exclusive downtown apartment complex. The 15-story […]
1776 Massachusetts Ave. Sells for $45.5M to ELV Associates
By Adrian Maties, Associate Editor ELV Associates acquired 1776 Massachusetts Ave., N.W., paying $45.5 million, or about $498.29 per square foot. The Boston-based real estate investment and management firm acquired the building from 1776 Mass Ave. L.L.C., an affiliate of New York’s Joss Realty Partners L.L.C. The property was built in 1970 and stands eight […]
Enterprise Reopens Harper House Affordable Housing Community in Howard County
By Adrian Maties, Associate Editor Enterprise Homes has re-opened Harper House. The Columbia apartment building has received a $21 million total building “green” makeover. Enterprise is celebrating its 30th anniversary this year, and the building is a tribute to Jim Rouse (April 26, 1914 – April 9, 1996), Enterprise’s founder and also the founder […]
Towson City Center Almost Fully Leased as Opening Nears
By Adrian Maties, Associate Editor
The Towson Town Center is almost fully leased just weeks before opening. Cassidy Turley has been leasing the building on behalf of the owner Caves Valley Partners. On May 2, Cassidy Turley announced that only two floors of the 12-story building have not been leased.
Located on York Road, in the heart […]
New 138kV Substation Coming to Lorain
By Adrian Maties, Associate Editor
FirstEnergy Corp. (NYSE: FE) started work on May 2 on a new substation and associated transmission lines in Lorain, Ohio. The facility is designed to support the new arc furnace that Republic Steel is building there. On May 3, FirstEnergy officials and representatives from the city of Lorain participated in the […]
KBR to Construct Luxury Aurora High-Rise in North Bethesda
By Adrian Maties, Associate Editor LCOR, a leading real estate development company, has awarded a contract last week to the KBR Building Group to provide construction services for an 18-story luxury high-rise residential project in North Bethesda, Md. Named the Aurora, it will be the second of four high-rise residential buildings LCOR plans to construct […]
Vita-Mix Breaks Ground on $10M Expansion of Olmsted Falls World Headquarters
By Adrian Maties, Associate Editor
The Vita-Mix Corp. broke ground last week on a $10 million expansion of its world headquarters in Olmsted Falls. The increasing demand for high-performance blending equipment both nationally and in more than 80 countries worldwide has convinced the renowned blender manufacturer of the need to expand its current facility.
More than 400 […]
J.P. Morgan Buys Two Washington D.C. Apartment Buildings
By Adrian Maties, Associate Editor J.P. Morgan Asset Management, a division of J.P. Morgan Chase, recently acquired the 909 at Capitol Yards and the Axiom at Capitol Yards, two apartment buildings located in Washington, D.C.’s Capitol Riverfront neighborhood. J.P. Morgan Asset Management acted on behalf of institutional investors. A few months ago, the two buildings were […]
Children’s Hospital to Add New $180M Research Building on Main Campus
By Adrian Maties, Associate Editor
Cincinnati Children’s Hospital Medical Center plans to start work this summer on a 15-story research building on its Burnet Avenue campus. The new building will be adjacent to and physically integrated with the research building that Cincinnati Children’s opened in 2007.
The new clinical sciences building will be located along Sabin Way. When […]