Gabriel Circiog
Missouri General Assembly Passes Land Bank Bill
By Gabriel Circiog, Associate Editor The Greater Kansas City Local Initiatives Support Corp. announced the Missouri General Assembly passed the legislation which supports the establishment of a land bank in Kansas City. Julie Porter, Greater Kansas City LISC Executive Director, said, “The passage of this important legislation is a victory for Kansas City residents as […]
Doug Manchester Proposes $200 Million Mixed-Use Development for U-T Site
By Gabriel Circiog, Associate Editor The San Diego Union-Tribune publisher—and developer Douglas F. Manchester—propose a $200 million mixed-use development for the U-T site in Mission Valley. The city of San Diego will start preliminary review of the plan later this year, the San Diego Business Journal reports. The City of San Diego’s project manager, William […]
TIF Commission of Kansas City Favors Incentives for $142.5 M Towne Center Development
By Gabriel Circiog, Associate Editor The Tax Increment Financing Commission of Kansas City has recommended the approval of incentives for the $142.5 million Towne Center development in Clay County, The Kansas City Business Journal reports. The project, led by Kansas City-based CBC Real Estate Group, calls for over 1 million square feet of retail space […]
Gerrity Group Purchases Old Grove Marketplace in Oceanside
By Gabriel Circiog, Associate Editor Gerrity Group has acquired the Old Grove Marketplace in Oceanside from Sea Breeze Properties LLC for $19.55 million, RenTV.com reports. The 81,300-square-foot Oceanside retail center is anchored by Ralphs, Starbucks, US Bank and Lowes Home Improvement (NAP). Originally developed by Sea Breeze Properties LLC in 2005, Old Grove Marketplace presented […]
Aragon Holdings Acquires The Fairways at Lakewood
By Gabriel Circiog, Associate Editor Beverly Hills, Calif.-based Aragon Holdings has made its twelfth acquisition in three years as the investment company confirmed the purchase of The Fairways at Lakewood. The 274-unit multifamily community, located in Lee’s Summit, was built in 2008 and is currently 94 percent occupied. The property is in close proximity to […]
Construction of $1B Green Palomar Medical Center Completed
By Gabriel Circiog, Associate Editor The new 740,000-square-foot Palomar Medical Center has passed state inspection and is scheduled to open Aug. 19. Located on a 56-acre site in the Escondido Research and Technology Center close to State Route 78 and Interstate 15, the hospital building was designed by Los Angeles-based CO Architects. The design of […]
Posty Cards Inc. Earns LEED Platinum Certification
By Gabriel Circiog, Associate Editor A small Kansas City manufacturer, Posty Cards Inc., attained the highest level of sustainable certification on April 16 when it was awarded the U.S. Green Building Council’s LEED platinum certification. Located at 1600 Olive St. in Kansas City’s urban core, Posty Cards’ facility underwent a $6.4 million renovation and expansion […]
Zeller Realty, Invesco Partner to Buy Fifth Street Towers
By Gabriel Circiog, Associate Editor Zeller Realty Group and Invesco Real Estate have teamed up to acquire Fifth Street Towers at a sheriff’s auction, the Minneapolis / St. Paul Business Journal reports. The 1.1 million-square-foot office complex, located in downtown Minneapolis at 100 and 150 S. Fifth St., consists of two state-of-the-art buildings. The 25-story […]
Real Estate Recycling Plans Green Office Project in Downtown Minneapolis
By Gabriel Circiog, Associate Editor Minneapolis developer Paul Hyde, a principal with Real Estate Recycling, plans to construct a two-story office building at 1016 Marquette Ave., the Minneapolis / St. Paul Business Journal reports. Real Estate Recycling acquired the existing 1931 single-story building from local developer Larry Abdo on April 2 for $825,000. The design […]
Kessinger/Hunter to Develop Largest Spec Building in Kansas City Area
By Gabriel Circiog, Associate Editor Kessinger/Hunter & Company will develop a 821,256-square-foot warehouse in Olathe, Kan. The building, dubbed “Building B”, will be located in the l-35 Logistics Park at 155th and Old 56 Highway. Dan Jensen, principal of Kessinger/Hunter, said the multi-tenant distribution facility will be the largest building constructed on a speculative basis […]