Gabriel Circiog
Luxury Parc Huron Apartment Tower to be Sold for $110 Million
By Gabriel Circiog, Associate Editor An affiliate of Dallas-based L&B Realty Advisors LLP has agreed to purchase the luxury Parc Huron apartment tower for $110 million, Chicagorealestatedaily.com reports. The 221-unit building, located at 469 W. Huron Street in the River North neighborhood of Chicago, will be sold by local developers Tony Rossi, Thomas Moran and […]
Shakopee City Council Approves Economic Development Incentives
By Gabriel Circiog, Associate Editor Shakopee City is set to welcome two new companies that will bring hundreds of jobs to town after the city council approved economic development incentives for SanMar Corp. and Trystar Inc., the Minneapolis / St. Paul Business Journal reports. SanMar Corp., an imprintable-clothing supplier, will invest $35 million to build […]
Target’s New Lease Could Lead to Sale of 50 S. 10th Street
By Gabriel Circiog, Associate Editor Target Corp. could get the ball rolling in the downtown Minneapolis real estate market. After it recently reached a major lease agreement for 50 S. 10th St., local experts are expecting a chain reaction, Finance & Commerce reports. Target will lease all the rentable office space in the building, a […]
Excel Trust Acquires La Costa Towne Center
By Gabriel Circiog, Associate Editor The retail-focused REIT Excel Trust has acquired La Costa Towne Centre, a retail shopping center in Carlsbad, for approximately $23.5 million. Located at 7710-7770 El Camino Real, the property has around 121,000 square feet of gross leasable space and is anchored by Vons, a division of Safeway. Although the lease […]
Roeland Park and Mission in Conflict Over Walmart Location
By Gabriel Circiog, Associate Editor While the border war between Kansas and Missouri saw a breakthrough as the two joined forces to keep the Marine Data Center from relocating to New Orleans, the Kansas City Star now reports Roeland Park is accusing its neighbor Mission of poaching its biggest retailer, Walmart, in order to kick-start […]
Inland Real Estate Expands Portfolio
By Gabriel Circiog, Associate Editor Inland Real Estate Corp. announced the acquisition of two retail properties in the Minneapolis market. IRC, through a joint venture with PGGM, bought Silver Lake Village, a grocery-anchored community center situated in the dense urban inner-tier suburb of St. Anthony. The center has a total of 159,303 square feet of […]
San Marcos High School Honored for Green Design and Planning
By Gabriel Circiog, Associate Editor The San Marcos Unified School District has been honored by the Coalition for Adequate School Housing (C.A.S.H.) and the American Institute of Architects California Council (AIACC), for the green design and planning of the San Marcos High School. Designed by San Diego-based school architecture firm, LPA Inc., the $180 million […]
Kansas City Marriott Downtown Hotel Close to Completing $20 Million Renovation
By Gabriel Circiog, Associate Editor Kansas City’s largest convention hotel is nearing completion of its $20 million multi-year makeover. The most prominent phase of the Kansas City Marriott Downtown hotel renovation project is currently under way and it aims to transform the hotel’s traditional lobby into Marriott’s new “Marriott International Great Room” concept. The new […]
CPM Development Plans Student Housing, Retail for Arby’s Site
By Gabriel Circiog, Associate Editor With around 49,000 students attending the University of Minnesota and residence halls able to accommodate only about 6,000 of them, it seems likely that a new student housing project could prove successful. Accordingly, Finance & Commerce reports that Minneapolis-based CPM Development is planning student housing and retail on a two-acre property […]
OneRoof Energy Brings 100 New Green Jobs to San Diego; LaSalle Investment Management Expands Portfolio
By Gabriel Circiog, Associate Editor Mayor Jerry Sanders, CleanTECH San Diego and OneRoof Energy have announced the creation of over 100 new green jobs. OneRoof Energy is the first U.S. residential solar company working directly with roofers to sell and install its solar systems. Last year, the company received $50 million in financing to create […]