the Editors of Commercial Property Executive
Alta Bates Summit Medical Center’s New Parking Structure Unveiled
By Alex Girda, Associate Editor The Alta Bates Summit Medical Center in Oakland has an ongoing expansion project that is apparently starting to get serious attention as one of the early phases of development was recently opened to the public. The Summit Campus’ new parking structure was opened recently and is a reminder of the […]
Carlyle Group Buys Lender-Owned Independent Living Community for $19M
The Carlyle Group has purchased the lender-owned independent living community Brighton Bay for $19 million. The sales price represents $102,703 per unit or $85 per square foot.
Branch Design Breaks Ground on 176-Unit Market-Rate Apartments in Sante Fe
Branch Design and Development announced it would break ground on the 176-unit San Isidro Apartments in Santa Fe this week. The New Mexican reported that this was Santa Fe’s first large market-rate apartment community in 15 years. The financing for the project is provided by Key Bank Real Estate Capital, while the construction and permanent loan is guaranteed by the U.S. Department of Housing and Urban Development, the New Mexico Business Weekly reported.
Grand Peak Properties Revives Transit-Oriented Development Project
By Gabriel Circiog, Associate Editor Grand Peaks Properties is set to revive a transit-oriented development project in northern Douglas County, Our Colorado News reports. Paul Herskowitz, senior vice president of Grand Peak Properties, said construction of the project was set to begin in 2008 but, due to the economic crisis—which took its toll on the […]
North San Antonio Welcomes New Golf, Garden Home Community
By Camelia Bulea, Associate Editor Austin-area homebuilder Jimmy Jacobs Homes has unveiled a new model home in new community the Fairways at River Crossing, in North San Antonio. During the ribbon-cutting ceremony, the developer presented a small, gated community of 45 home sites in Spring Branch. Prices for the garden homes start at $190 and […]
Kraus-Anderson Plans to Build 204-Unit Market-Rate Apartment Complex
By Gabriel Circiog, Associate Editor Kraus-Anderson Construction Co. announced plans to build a new $39 million apartment complex in downtown Minneapolis’ historic Warehouse District. Located at 800 N. Third St., the new 266,000-square-foot apartment complex was designed by locally based UrbanWorks Architecture L.L.C. Third North, a six-story complex, will feature 204 apartment units ranging in […]
Ground Broken at 71-Acre Green Mixed-Use Project Franklin Park
By Eliza Theiss, Associate Editor Decades of sustained development continue in the Cool Springs market, a top destination for relocating Fortune 500 companies and other corporations with the groundbreaking of the unprecedented 71-acre mixed-use sustainable corporate community Franklin Park. Located on the corner of McEwen Drive and Interstate 65 in Franklin, TN, Franklin Park is […]
Nabisco Becomes U-Haul Self-Storage Location; Urban Farm Receives Grant for Solar System
By Veronica Grecu, Associate Editor AMERCO Real Estate, the parent company that owns U-Haul International based in Phoenix, AZ, has recently acquired one of Detroit’s historic buildings, the 250,000-square-foot National Biscuit Company (Nabisco) located at 899 West Baltimore Street, expanding its network of self-storage locations in the city. The company’s acquisition is part of the […]
$22M Mixed-Use Development to Break Ground in Downtown Yonkers; Valuation Expert Steven Kurtz Joins Avison Young as Principal
Development company Rising Development recently got the green light from the Yonkers Industrial Development Agency (YIDA) to go on with a $22 million project that would transform five properties in the downtown area into residential, retail and restaurant space. According to LoHud.com, YIDA has granted more than $500,000 in tax exemptions on mortgage and building materials used for the project, which aims to revitalize the city’s downtown and waterfront and attract further developers in the area.
Dominium Proposes $100M Mixed-Use Conversion of Landmark Arcade Building
Dominium Development is offering $6 million to the city’s Land Clearance For Redevelopment Authority (LCRA) for Arcade Building, one of the biggest vacant structures in downtown St. Louis that has not been occupied for decades.