Adrian Maties
Inland Real Estate, PGGM JV Buys Phase 2 of Newport Pavilion for $23.6M
Inland Real Estate Corporation continues to expand in the greater Cincinnati area. A few months ago, the company purchased Phase I of Newport Pavilion in a joint venture with Dutch pension fund advisor PGGM. Now, the same joint venture paid $23.6 million in cash to buy Newport Pavilion Phase II.
Springfield Town Center Finally Open for Business
After two years of renovations, the former Springfield Mall is again ready to receive shoppers. The large retail property re-opened on October 17, with a new design and a new name: Springfield Town Center.
Planning Commission Approves Rezoning for 33-Acre Baton Rouge Water Campus
Baton Rouge’s Water Campus project has taken another step forward. On Monday, October 20, the East Baton Rouge Parish Planning Commission approved the first component of the 33-acre development along the city’s riverfront.
Exeter Property Group Pays $31.2M for 2 Industrial Properties
Pennsylvania-based Exeter Property Group continues to expand its portfolio of industrial properties in the United States. In a transaction which closed on October 3, the company purchased two Class-A distribution buildings in the Richmond area.
Team of OMA + OLIN Wins 11th Street Bridge Park Design Competition
When the 11th Street Bridge Park Design competition launched on March 20, 2014, more than 80 companies representing 41 landscape architect/architect teams submitted their proposals to transform an old freeway bridge into the D.C.’s first elevated park, over the Anacostia River. Now, after seven months, the winner has finally been announced.
Hyatt Hotels Sells Park Hyatt Washington for $100M
Just weeks after announcing the sale of a 38-property portfolio to Lone Star Funds for about $590 million, Hyatt Hotels Corporation has completed another important transaction. At the start of the month, the company sold the Park Hyatt Washington to a joint venture comprised of Westmont Hospitality Group and Thomas Tan, for about $100 million or $463,000 per room.
Value Place Opens New, 124-Room Hotel in Cleveland
Value Place continues to expand. The extended-stay hotel chain announced this week the opening of another hotel in Cleveland. It is the company’s tenth Ohio hotel and its third in the Cleveland metro area.
New Mixed-Use Project To Break Ground Next Spring in Baltimore’s Charles Village Neighborhood
Johns Hopkins University announced last week that work on its mixed-use development in Baltimore’s Charles Village neighborhood could start by next spring. It will feature market-rate student apartments, retail, restaurants and parking.
Horseshoe Casino Baltimore Earns LEED Gold Certification
Baltimore’s new Horseshoe Casino is now LEED Gold certified. The $442 million project is the first in Caesars Entertainment’s portfolio to achieve this level of certification. It is also one of only four casinos in the United States to be LEED certified.
Oxford Residential Portfolio Heads for Auction Block
A portfolio of single and multifamily properties in Butler County will be offered at auction next month. The properties are all located in the city of Oxford, near the Miami University campus.