Adrian Maties
Chesapeake Plywood Buys Warehouse in Baltimore’s Orangeville Industrial Area for $3M
A warehouse in Baltimore City’s Orangeville Industrial Area has recently changed hands. Chesapeake Plywood paid $3 million to purchase the property at 3400 E. Biddle Street from Miller Investments. Alan Coppola of NAI KLNB represented the buyer, while Justin Mohler of CBRE represented the seller.
The Simpson Organization Buys Two Innsbrook Office Buildings for $22M
Richmond’s hot Insbrook submarket continues to attract office investors. The Atlanta-based Simpson Organization purchased Westerre I and II this month, for $22 million or about $135 per square foot. It is the highest price per square foot paid in the Richmond area this year.
New York-Based Developer Plans 280-Unit Student Housing Complex Near LSU
The hot Baton Rouge apartment market continues to attract more and more developers to the area. Recently, a New York-based student housing company has announced its plans to build a 280-unit apartment complex on a site located just outside the South Gates of the LSU campus.
Bozzuto, Partners Break Ground on Arlington’s Union on Queen
The Bozzuto Group has started work on another apartment project in the Washington, D.C. area. It’s called Union on Queen and it is a public-private partnership between Bozzuto, the 40-year old non-profit developer Wesley Housing Development Corporation, Arlington County, Capital One Bank, Hudson Housing Capital, Walker & Dunlop, and The Virginia Housing Development Authority.
Fore Property Co. Plans 727-Unit Apartment Community in Lutherville-Timonium
In its 2014 Apartment Market Report for the Baltimore area, Marcus & Millichap said operations in the region will continue to strengthen and vacancies will drop to 4.5 percent by the end of the year. Anticipating the growing demand, numerous developers have started work on several large apartment project. One of the largest could be coming to Lutherville-Timonium.
Cleveland’s Global Center for Health Innovation Earns LEED Gold
Cleveland’s $465 million Global Center for Health Innovation and Convention Center is now LEED Gold certified. Cuyahoga County Executive Ed FitzGerald announced this important achievement at the end of October. It reflects the county’s strong commitment to sustainability.
TriHealth, Select Medical Detail Plans for Hospital in Evanston
Earlier this year, TriHealth and Select Medical announced their plans to form a partnership and build and operate a new inpatient rehabilitation hospital in Evanston. Last week, on November 5, the health system and the healthcare company said they finalized the joint venture.
MetLife Affiliate Buys West Chester Retail Center in $68.6M Deal
Another popular shopping center in the Greater Cincinnati area has recently changed hands. The Voice of America Centre was purchased by subsidiaries of New Jersey-based MetLife Core Property Fund GP LLC, in one of the region’s largest commercial real estate transactions of the year.
Software Developer to Lease Office Building at Baton Rouge Airport
More and more software development companies are coming to the Baton Rouge area. Shreveport-based EDgear is one of them. Last month, the company announced its plans to expand its operations at the Baton Rouge Metropolitan Airport.
URS Capital Partners Buys 228-Unit M-F Community in Fairfield
On Tuesday, November 4, URS Capital Partners announced the acquisition of another apartment community. It is called Creekside Village and it is located in Cincinnati’s Fairfield submarket. URS Capital Partners did not disclose the price of the transaction.