Adrian Maties
Asset Plus Buys Historic Heritage Hall for $4.5M
Out-of-state investors have scooped up another historic building in Cleveland. Houston-based Asset Plus Companies, Inc., the largest privately-owned student-housing company in the nation, has recently acquired the century-old Heritage Hall building at 2200 Prospect Avenue, in the city’s downtown. The price of the transaction was $4.5 million.
Ohio’s First “Lion” Roars in Sharonville
A new hotel is now open in Cincinnati. And it’s a Red Lion.
NYC Investor Goes Shopping, Buys Retail in Crescent Springs
Another Greater Cincinnati retail center has recently changed hands, proving once more that the area continues to be attractive to both local and out-of-town investors. The name of the property is Buttermilk Crossing. It is located in the Northern Kentucky city of Crescent Springs.
Assurex Picks HQ Site in Mason
Back in January, Assurex Health announced its decision to remain in Ohio, despite offers to move from five other states. At the same time, the precision medicine company also revealed its plans to build a 60,000-square-foot headquarters and clinical laboratory in Mason. Now, Assurex has selected a site for the new complex.
Huntington Ingalls Signs Huge Lease in Hampton
Huntington Ingalls Industries is expanding in the Hampton Roads area. The shipbuilding company has recently signed a huge lease, for more than half a million square feet of space in West Park.
Pair of Multibillion-Dollar Projects Gets Formal Launch
By Adrian Maties, Associate Editor Maryland Day was marked this March 25 by milestones for two projects with a potentially significant impact on the state’s economy. In Lusby, a groundbreaking ceremony formally launched the $3.8 billion expansion of the Cove Point liquefied natural gas facility, one of the largest investments in the state’s history. Gov. Larry Hogan and Ambassador Kenichiro Sasae of Japan joined Diane Leopold, president of Dominion Energy. The project will create 3,000 temporary construction jobs. Once complete, it will generate an additional $40 million in annual tax revenue to Calvert County, and, according to Hogan, could…
Wampold Starts Work On New Hotel in Downtown Baton Rouge
Baton Rouge is getting a new hotel. According to The Greater Baton Rouge Business Report, local real estate developer Mike Wampold has finally broken ground on the redevelopment of the 12-story the old Louisiana National Bank Building at 150 N. Third St., in the city’s downtown. He plans to turn the 88-year-old building into a 146-room hotel.
PREIT Buys Springfield Town Center for $465M
Pennsylvania Real Estate Investment Trust has finally completed its planned acquisition of the Springfield Town Center in Springfield, Virginia. The newly-redeveloped property changed hands for an impressive $465 million. Vornado Realty Trust was the seller.
Urban Investment, Lubert-Adler JV Buys Another Adams Morgan Apartment Building
The joint venture between Urban Investment Partners and Philadelphia-based Lubert-Adler Partners has purchased another apartment building in Washington, D.C.’s Adams Morgan neighborhood. The newest addition to the joint venture’s portfolio is called Embassy Towers. It was purchased for $13.25 million.
AEROLAB Signs Lease for 19KSF in the Baltimore Washington Corridor
Prologis, Inc. has added another tenant to the the Baltimore Washington Industrial Park, in Jessup. AEROLAB, a custom wind tunnel design and manufacturing company, has signed a lease for 19,155 square feet of space at 8291 Patuxent Range Road, bringing the building’s occupancy to 100 percent.
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