the Editors of Commercial Property Executive
Construction Begins on $12M Regal Cinema at Winrock Town Center Redevelopment
Construction on the Regal IMAX Cinema at Winrock Town Center has begun after nearly 18 month of delay. The 71,156-square-foot, 16-screen cinema is expected to open in the fall of 2013. According to the New Mexico Business Weekly, the $12 million cinema is the first phase of the major Winrock Town Center’s redevelopment, which broke ground in May with the demolition of the Winrock Inn motel.
Birkhill on Main Project Targets Murray’s Thriving MF Market
By Alex Girda, Associate Editor Parley’s Partners has broken ground on Birkhill on Main Apartment Homes, a $45 million transit-oriented project in the thriving multi-family market of Murray. As reported Sept. 17 by Multi-Housing News, the first of four phases of construction will consist of 137 rental units, 96 of them designated as affordable housing. […]
Massive Office Development Could Spur Palo Alto Downtown Re-branding Frenzy
By Alex Girda, Associate Editor The City of Palo Alto is set to see a massive office development take shape in one of its prime downtown areas. Local authorities have teamed up with philanthropist John Arillaga in order to get a four-tower office complex at 27 University Avenue that, if done right, could also result […]
Apartments Coming to Cleveland
By Adrian Maties, Associate Editor The time is ripe for apartment construction, and developers are heeding the call. With most private sectors adding jobs in the Cleveland area, payrolls are expected to grow this year at the fastest pace in more than a decade. In the coming months, improvements in the local economy will support […]
Eagle Hospitality Looks to Sell Hotel Portfolio, Including 3 in Cincinnati
By Adrian Maties, Associate Editor Eagle Hospitality Properties Trust is putting three Greater Cincinnati hotels up for sale. The hotels are part of a larger portfolio of 13 properties for which the company recently reached an agreement with its secured lender, the Blackstone Group, allowing it to sell them off and repay its debt at […]
Two Briar Lake Plaza to Be Anchored by Samsung Engineering
After landing Samsung Engineering as anchor tenant, Behringer Harvard REIT I is now ready to develop the final phase of Houston’s BriarLake Plaza: a 332,000-square-foot, Class A office building.
Carter Breaks Ground on $50M Residential/Retail Development Downtown
Atlanta-based Carter, one of the largest investment, development and advisory firms in the United States, recently started construction on phase two of a mixed-use project in downtown Columbus.
Insight Buys Site Near Huntington Metro with Plans for Work $52M Apartment Project
By Adrian Maties, Associate Editor Insight Property Group L.L.C., a multifamily developer founded by longtime multifamily industry veterans Richard Hausler and Michael Blum in late 2009, on Sept. 11 announced the acquisition of 3.4 acres of land in the Alexandria section of Fairfax County, Va. It plans to use the site for a new metro-oriented luxury […]
Valencia College Puts Historic Chicone Building on the Market
After purchasing a Metrowest property that will assist Valencia College in centralizing and economizing its key administrative functions, Valencia Foundation is offering its historic Chicone Building for sale or competitive lease.
BRA Green-lights Multi-Million Construction Projects
Almost two months after filing a notice of project change for the long-stalled Millennium Tower and Burnham Building project, the development team has won approval from the BRA. With a $615 million private investment and encompassing 1.2 million square feet, the revised mixed-use project will be located at the partially vacant site of the former Filene’s Department Store on a parcel delimited by Washington, Franklin, Hawley and Summer Streets.