the Editors of Commercial Property Executive
NYC Housing Authority Initiatives Pave the Way for New Affordable Units
In an attempt to renew and revitalize public housing developments in New York City, the New York City Housing Authority (NYCHA) Chairman John B. Rhea announced a series of initiatives meant to generate more revenue for the Housing Authority. The first project announced by Chairman Rhea calls for at least 1,000 permanently affordable housing units for low- and moderate-income families, without displacing any NYCHA residents
Blueprints for $120M Austin Public Library Nearly Complete
The new Austin Public Library will feature a light-filled atrium, street-level cafe and multiple gathering spaces, according to the most recent designs unveiled by its architects. Designs, which have been in the works for the past three years, show that the six-story building will also include a street-level bookstore and a special event center, reports KVUE.com.
$36.8M Facility to Be Added to North Carolina Data Center Corridor
Merely weeks after Apple Inc.’s purchase of 200 acres in Catawba County, N.C. to consolidate its data center operations comes the announcement of another major investment for North Carolina’s growing information technology sector.
135,000 SF Greenbriar Business Park Changes Hands
Greenbriar Business Park, a 135,652-square-foot office and flex property located in Nashville’s Airport North submarket, recently changed hands.
Miller-Valentine Starts $11.5M Senior Housing Complex
The Miller-Valentine Group has kicked off Delaware Place Apartments, an $11.5 million affordable senior housing complex in Delaware.
Curacao Opens 85K SF Mega Store in Tucson
Curacao opened its first mega-store in Tucson. The store is the company’s second in Arizona, and it was originally scheduled to open in 2008. The main reason for the delay was the economic crisis, said Rick Hutton, president of Curacao. Nonetheless, Hutton admits that Arizona was always on the expansion list, as quoted by the Inside Tucson Business.
Zocalo Breaks Ground on First Apartment Building at Denver Union Station
Zocalo Community Development Inc. has broken ground on the first apartment building to be built in the Denver Union Station redevelopment area,
Work Expected to Begin on Long-Stalled East Boston Residential Project
A new multifamily project is ready to break ground in East Boston, one of the most promising but underdeveloped areas in the city’s Innovation District. More than ten years after designing the first sketches and several failed development attempts, New Jersey-based developer Roseland Property Co. is finally moving on with Phase I of Portside at East Pier, a long-stalled project at Marginal and Lewis Streets on the East Boston waterfront.
Highwoods Buys Trophy Buckhead Office Tower in $147M Deal
Following a $146.7 deal, Highwoods Properties is now the owner of Atlanta’s iconic Two Alliance Center office building.
Webinar Tomorrow: Investment Opportunities in Secondary and Tertiary Markets
It’s not too late to register for CPE and MHN’s free webinar on Oct. 3 that will provide a guide to identifying, finding and investing in commonly overlooked markets.