Adrian Maties
CSU Breaks Ground on $45M Center for Innovation in Health Professions
Cleveland State University broke ground on December 9 on a new health sciences building. Called The Center for Innovation in Health Professions, it will be the place where students will learn and work together in interdisciplinary collaboration. The project is expected to cost $45 million.
INX International Breaks Ground on 62,000 SF Plant in Lebanon
INX International Ink Co., a division of Japanese company Sakata INX, announced at the end of November its plans to build a new 62,000-square-foot facility in Lebanon, Ohio. On December 5, the company broke ground on the project. The ceremony was attended by both company officials and local dignitaries.
Joint Venture to Break Ground on $100M Tysons Office Tower Next Year
With over 28 million square feet of office space, Tysons Corner is one of the largest suburban submarkets in the United States. And it’s about to get bigger. At the start of December, American Real Estate Partners and The Association For Manufacturing (AMT) announced they will jointly develop a 200,000-square-foot trophy office building to anchor Tysons’ Arbor Row master planned district.
Joint Venture Acquires Baltimore Area 500-Unit Multifamily Portfolio
Two weeks ago I wrote about two Howard County communities, totaling 348 units, which traded for almost $68 million. Now, two more garden-style apartment communities and a high-rise apartment building in the Greater Baltimore area are welcoming new owners.
Rouse to Buy Chesterfield Towne Center From Macerich as Part of $293M Deal
December is Gifts Month, and one Richmond-area shopping center is getting ready to receive a very special present: a new owner. The Chesterfield Towne Center is part of a $292.5 million deal between Santa Monica, California-based Macerich and Rouse Properties of New York City.
Devonshire REIT Buys Mentor’s Great Lakes Plaza for $8M
Another Cleveland-area shopping center has changed hands. A few weeks ago, Starwood Capital Group has completed the acquisition of two Northeast Ohio shopping centers, as part of a seven-property portfolio for which the Greenwich, Conn.-based investment firm has paid $1.6 billion to the Sydney, Australia-based Westfield Group. Now, Devonshire REIT, Inc. Has announced it has closed the purchase of Great Lakes Plaza.
Radisson Opens the Radisson Cincinnati North CoCo Key Water Resort
The Radisson Cincinnati North CoCo Key Water Resort opened last month. The full-service hotel boasts a 50,000 square foot indoor water park and is scheduled to undergo a comprehensive renovation project in the second quarter of 2014. It will remain open during the renovation.
Washington Post HQ to Be Sold for $159M to Carr Properties
The Washington Post, the most widely circulated newspaper published in the District, changed its owner this year and it seems it’s getting ready to also change its location. Graham Holdings, the daily newspaper’s former owner, has recently announced it will sell the headquarters building in downtown Washington, D.C. to Carr Properties, a local real estate investment company.
InterPark Completes the Purchase of 300 E. Pratt, Starts Hunt for Development Partner for the Site
By Adrian Maties, Associate Editor InterPark, LLC, the largest owner, operator and developer of parking facilities in North America, has completed its purchase of 300 E. Pratt in Baltimore’s Central Business District. The Chicago–based company plans to develop the site, considered the best remaining developable parcel of open land in Baltimore’s Inner Harbor, into a mixed-use […]
OPRS Breaks Ground on $30M Addition to Seniors Community
Westminster-Thurber, one of 11 retirement communities owned and managed by the Ohio Presbyterian Retirement Services, has been serving Central Ohio for the last 48 years. Now, the community plans to expand with a new high-rise, its second just north of Downtown Columbus. It held a ground breaking ceremony for the project on December 4, on the Westminster-Thurber Community Campus, at 717 Neil Avenue.