the Editors of Commercial Property Executive
Cassidy Turley Adds Four New Georgia Properties to its Property Management Portfolio
Cassidy Turley continues to expand its property management division with the recent addition of four Georgia properties.
UMBC Opens First Phase of $165M Performing Arts and Humanities Building
The University of Maryland, Baltimore County (UMBC) held a day-long celebration on Wednesday, September 19, to mark the grand opening of the first phase of its new $165 million Performing Arts and Humanities Building as well as the ground breaking for the second phase. Governor Martin O’Malley was present at the ceremony.
First Phase of Cardinals’ $700M Ballpark Village Obtains Approval
The Missouri Development Finance Board has voted in favor of awarding $17 million in state and local tax incentives to help fund the $100 million first phase of the Cardinal’s mixed-use Ballpark Village project. The state of Missouri is expected to contribute around 25 percent of the bonds.
Apple Continues North Carolina Expansion
Apple Inc., the tech giant from California, has made yet another move to expand its North Carolina operations.
Perez Trading Signs One of 2012′s Largest Industrial Leases in Miami
Paper and packaging company Perez Trading recently signed for 280,601 square feet at Prologis Gratigny Industrial Park in what seems to be one of South Florida’s largest industrial leases of the year.
Developers Break Ground on Denizen Multifamily Project
With site preparation finally complete, foundations for the first townhomes at the Denizen project were poured last week. Continue reading →
The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal
The first Marriott hotel operating under the Residence Inn brand is set to open in the Bronx in 2014 inside a 370,000-square-foot mixed-use complex known as Metro Center Atrium, part of the 42-acre, multi-building Hutchinson Metro Center. A Simone Development Companies venture, the Atrium will also include offices, medical spaces, restaurants and retail spaces. The seven-story extended-stay hotel will sport 125 upscale guest rooms.
Chestnut Hill Tower Changes Hands for $16.75 M; JV Announces Upscale Multifamily Project in Plymouth Meeting
By Veronica Grecu, Associate Editor Gebroe-Hammer Associates, a private real estate investment firm based in Livingston, NJ, has closed the sale of an 18-story residential building located at 7600 Stenton Avenue, in the upscale Chestnut Hill neighborhood. The seller, an undisclosed out-of-state private owner, and the buyer, a Gebroe-Hammer client who also remained unnamed, were […]
Work is in Progress at New Lexus of Nashville Dealership
By Eliza Theiss, Associate Editor Nashville is finally getting a long-awaited Lexus dealership. But the new 58,000-square-foot Lexus location will be far beyond a simple car dealership. The facility under construction at the 7.2-acre site at the corner of Rosa Parks Blvd. and Interstate 65 in Madison has been described as a retail and service […]
Renovated Bell Building Welcomes First Wave of Residents
By Veronica Grecu, Associate Editor Detroit’s Neighborhood Service Organization (NSO), a private non-profit human service agency looking to provide shelter to homeless people, announced that the first group of residents has moved into the former Michigan Bell Telephone Co. building as a complex revitalization process is nearing completion at the site. Back in April, NSO […]