the Editors of Commercial Property Executive
Nashville City Center Parking Breaks Ground
Nashville City Center’s (NCC) long-awaited parking garage has finally broken ground. The six-level parking facility now under construction at Parmenter Realty Partners’ 27-story downtown Nashville office tower will provide 475 new parking spaces
Inland Snags Two Luxury Bohemian Hotels in Orlando
Inland American Lodging Group, Inc.—a wholly owned subsidiary of Inland American Real Estate Trust—recently announced purchase agreements with acclaimed hotelier and developer Richard Kessler to acquire two Orlando-area luxury hotels, and one in Savannah, Ga.
$8.35 Million Condo Project Completed in Brookline
Nauset Construction Corporation, headquartered in Needham, MA, recently completed a $8.35 million condominium project at 2-8 Olmsted Road in the Fisher Hill Neighborhood of Brookline. The announcement comes more than one year since the joint venture between Nauset (serving as the general contractor) and Boston-based developer New Atlantic Development Corporation obtained approval for construction from the Brookline Public Works Department.
St. John Properties Breaks Ground on New R&D/Flex Office Building in Maple Lawn
St. John Properties, Inc. started construction at the end of September on a 42,620 square foot single-story building in its Maple Lawn Corporate Center park in Maple Lawn, a 600-acre mixed-use business community located in Howard County. This is the company’s final R&D/flex office product constructed in the Maple Lawn Corporate Center.
Nationwide Insurance Opens Fortified for Safer Business Campus
Nationwide Insurance officially opened its new campus in Westover Hills, making it the first-ever FORTIFIED for Safer Business campus in the United States. The 280,000-square-foot sales and operations center was built to the Institute for Business and Home Safety’s disaster-resistance standards, meaning it is able to withstand disasters such as hurricanes, wildfires and windstorms.
Noble Investment Group Buys Embassy Suites Cleveland-Beachwood
Atlanta-based Noble Investment Group, a leading private lodging and hospitality organization, has purchased the Embassy Suites Cleveland/Beachwood hotel in Beachwood. It is the investor group’s sixth acquisition this year.
Downtown Office Complex to Hit the Auction Block This Month
Two downtown Cincinnati office buildings are going on the auction block this month.
Polaris Industries Breaks Ground on Expansion of Product Development Center
Polaris Industries Inc. recently broke ground on an expansion of a product development center near Wyoming, Minn.
Apartments Break Ground in Hyattsville; Continental Realty Buys Sterling Apartment Building
Grady Management Inc., a full-service residential, commercial and real estate consulting firm, started construction last month on a new luxury apartment building in Hyattsville, Md.
Related Group Breaks Ground on Italian Luxury Condo
On Wednesday, The Related Group celebrated the groundbreaking of its latest Miami project—the 382-unit 1100 Millecento Residences. This is second Related Group project for the Brickell area, following its famous MyBrickell.