Adrian Maties
University Hospitals to Buy Highland Hills’ One Harvard Crossing for $12M, Relocate 600 Employees
University Hospitals is moving to a new location. The hospital system recently announced its plans to buy the One Harvard Crossing office building, in Highland Hills, and move 600 of its administrative employees to the East Side suburb.
Third Westin Hotel Opens in Arlington
Starwood Hotels & Resorts Worldwide, Inc. announced last week the opening of the Westin Crystal City. The new hotel is the third property to open in Arlington under the Westin Brand.
Teespring Picks Hebron for $22M Production Facility
Almost 300 new jobs are coming to northern Kentucky. Governor Steve Beshear recently announced that Teespring Inc., a San Francisco-based custom T-shirt manufacturer, plans to invest $22 million and open a new facility in Hebron.
Commercial Properties Realty Trust Breaks Ground on 28-Unit Apartment Property in Downtown Baton Rouge
Work started on Monday, September 15, on the Onyx Residences, the newest apartment complex in downtown Baton Rouge. Representatives from the Baton Rouge Area Foundation, Commercial Properties Realty trust, The Baton Rouge Metro Council, Dontown Development District and the Mayor’s Office were present at the groundbreaking ceremony.
Adler Group Taps JLL to Lease Norfolk’s Interstate Corporate Center
Norfolk’s massive, 17-building Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected Jones Lang LaSalle’s Hampton Roads to lease the campus-style office park.
Edge Development Eyes Southside Richmond Site for Residential Project
More apartments and single-family homes are coming to Richmond. Edge Development Partners plans to turn an underutilized 55-acre site, located at 6508 Jahnke Road and known as the Bliley Property, into 377 new residences.
Merritt Properties Starts Work on $10M Speculative Flex Building in Ashburn
Merritt Properties is trying to take advantage of the tightening Northern Virginia industrial market. The company announced on September 10, it has started construction on a new speculative flex building in Loudon County.
Investors Strike Two New Deals in Downtown Cleveland’s Hot Apartment Market
Downtown Cleveland, with its steady economic growth, low apartment vacancy and numerous retail and hotel developments, continues to prove very attractive to investors. Recently, two new companies have made their presence known in the area, in attempts to take advantage of the 95%-occupied downtown apartment market.
Douglas Development to Build 11-Story Trophy Office Building at 10th and F Streets
Douglas Development plans to start work later this year on a 94,000 square-foot landmark office property at the corner of 10th Street and F Street. Although the developer did not disclose the cost of the project, it announced that delivery is expected in the summer of 2016.
M/I Homes, David Sehlhorst Plan Almost 300 New Homes
More homes are coming to Cincinnati. Two developers plan to star work in the coming months on almost 300 new homes.