Gabriel Circiog
W.P. Carey Closes on BCBS Portfolio Sale-Leaseback
By Gabriel Circiog, Associate Editor Blue Cross and Blue Shield of Minnesota has sold its six-building headquarters campus in Eagan to investment firm W.P. Carey & Co. The New York-based investment management company announced closing on sale-leaseback financing with the entity through CPA:17 – Global, a publicly held non-traded REIT affiliate. The transaction also included […]
Connections Housing Project Breaks Ground and Aims to End Homelessness in San Diego
By Gabriel Circiog, Associate Editor Local business and city leaders have embarked on a new project that is aiming to provide permanent housing to San Diego’s homeless population. The Mission Times Courier reports the groundbreaking of the project took place on January 26 on the rooftop of a 6th Avenue parking structure. Guest speakers at […]
Hollywood Casino Opens at Kansas Speedway
By Gabriel Circiog, Associate Editor The green flag was waved at Kansas Speedway as the Hollywood Casino opened its doors. The new casino was developed and will be operated by Kansas Entertainment LLC, a 50/50 joint venture of Penn Hollywood Kansas Inc., a subsidiary of Penn National Gaming Inc. and Kansas Speedway Development Corporation. The […]
Back-up Plan Surfaces for Downtown Block-E Complex
By Gabriel Circiog, Associate Editor
The future of the Block E retail-entertainment complex is in question, as Mayor R.T. Rybak says the plan to build a $400 million casino is not gathering pace at the Capitol, the Star Tribune reported.
Ten years have passed since the Block E opened, and now the building that was expected to […]
The Greater Kansas City Chamber of Commerce Presents First ‘Big 5′ Update
By Gabriel Circiog, Associate Editor The Greater Kansas City Chamber of Commerce has released the first “Big 5” Update. As previously reported, the “Big 5” is a list of initiatives that will be the focus of the region in the coming years. Each initiative has “champions” attributed to them, who are responsible for bringing in […]
Owner of the Historic Cosby Hotel Building Proposes Office/Retail Redevelopment Plan
By Gabriel Circiog, Associate Editor The Cosby Hotel building has a chance to dodge the wrecking ball as Sunflower Development Group plans to present a redevelopment plan for the historic construction, The Kansas City Business Journal reports. The 15,000-square-foot building was built in 1881 and was initially an office building for doctors before becoming a […]
Greystar Acquires 5.6-Acre Parcel; Apartments Expected
By Gabriel Circiog, Associate Editor
Greystar Real Estate Partners has acquired a portion of the former home of Bennett Lumber in the Uptown area of south Minneapolis. Finance & Commerce reports the national apartment owner and developer paid $5.7 million for the property, which is located between Colfax and Dupont Avenue South.
Jim Gearen, part of […]
Fifth Street Towers Returned to Lender
By Gabriel Circiog, Associate Editor
Fifth Street Towers, the gigantic downtown Minneapolis office complex, has been returned to its lender, Finance & Commerce reports.
The 1.1 million-square-foot complex overlooking Fifth Street and Marquette Avenue has been taken over from London-based Strategic […]
Hines Signs 15-Year Lease at La Jolla Commons Campus
By Gabriel Circiog, Associate Editor The San Diego office of international real estate firm Hines has recapitalized its 12.3-acre premier mixed-use La Jolla Commons campus. Hines also executed a 15-year lease for a new 415,000 square foot office building which will be built on the campus located in San Diego’s University Towne Centre area. The […]
DST Plans to Redevelop the Lyric Theatre into a Federal Training Facility
By Gabriel Circiog, Associate Editor The Lyric Theatre could be redeveloped into a federal training facility after the Kansas City Council passed a request for $27 million tax increment financing. However, the Kansas Business Journal reports that the Federal Aviation Administration has not yet decided where to move its Center for Management and Executive Leadership, currently […]