the Editors of Commercial Property Executive
Guest Column: Tax Relief for Obsolete Retail Space
Siegel & Jennings partner Kieran Jennings discusses how vacant space should be assessed and how best to get it successfully reappraised.
Holliday Fenoglio Fowler Arranges Acquisition Financing for Southlands Town Center
Holliday Fenoglio Fowler, L.P. has arranged acquisition financing for Southlands Town Center—a mixed-use property in Aurora, Colo. Working on behalf of Northwood Investors LLC, the HFF team led by Managing Director Travis Anderson and Senior Managing Director Eric Tupler placed the five-year loan with CIBC World Markets.
340 Luxury Apartments to be Built on South Lamar
South Lamar Boulevard is swarming with construction projects that will add circa 1,300 new apartments and more than 100,000 square feet of restaurants and shops south of downtown. One of these projects is developed by Hanover Co., which is expected to soon break ground on a luxury apartment project just south of the popular Uchi restaurant.
IBC Holdings LLC Acquires 1.2 Million-Sq.-Ft. Building in Westminster
IBC Holdings LLC has acquired a 1.2 million-square-foot building in Westminster, Colo. Located at the intersection of 120th Street and I-25 on 105 acres, the purchase includes 200,000 square feet of high bay bulk distribution space, 700,000 square feet of light industrial/flex space and 300,000 square feet of office space.
Aris Integration Picks Tucson for Corporate HQ and Plant
Aris Integration has announced its intention to move its corporate headquarters to Tucson. The Scottsdale-based company plans to build a facility that will manufacture a new type of modular energy-efficient building panel, and hire about 600 people by 2017. Positions at the office will include ones in executive management, sales & marketing, quality control, HR, and manufacturing.
Westside Housing Announces Plan to Redevelop School Buildings into Affordable Housing
The Westside Housing Organization has announced plans to transform 5.5 acres housing long-vacant school buildings into a 10-building mixed-use affordable housing development,
General Hotels Plans $8M Renovation for Downtown Crowne Plaza
General Hotels Corp. is planning a major renovation of the Crowne Plaza Hotel in downtown Indianapolis. According to Inside Indiana Business, the $8 million project will include extensive upgrades to the hotel’s 273 guest rooms, as well as improvements to the meeting space and food and beverage areas. In order to ensure minimal impact to hotel guests, the renovation will be conducted in phases. It is scheduled to begin during the first quarter of 2013 and be completed by October. “The hotel’s historical, architectural charm and proximity to downtown’s entertainment districts, sporting venues and attractions, combined with newly renovated state-of-the art comfort will offer planners and visitors an exclusive meeting / lodging experience distinctly set apart from other area hotels,” said Jim Dora, Jr., General Hotels Corp. president and CEO.
$100 Million Student Residence Breaks Ground Near Temple University
By Veronica Grecu, Associate Editor The former John Wanamaker School building located at 12th Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. Though the official groundbreaking ceremony was held last week at the site, the project was originally presented in 2008 when […]
800-Key Omni Nashville Hotel Designed by Looney and Associates Tops Out
The much-anticipated 800-key Omni Nashville Hotel announced topping out 17 months after groundbreaking, marking an important step in its race to open in the fall of 2013.