the Editors of Commercial Property Executive
Former Worcester Voke School Turns Residential
A Boston-based development company announced details of a $30 million mixed-income residential complex that would replace a former school in Worcester that was shut down in 2006.
Saxon Crossing Trades for $21M; Pollack Shores Buys 396-Unit Community for Nearly $24M
The recently completed Saxon Crossings—a 119,894-square-foot shopping center in Orange County—was acquired by Inland Real Estate Acquisitions for approximately $20.73 million. The property, currently 100 percent leased with Hobby Lobby as the anchor tenant, is also home to LA Fitness, Papa John’s and Jimmy John’s.
Trophy Tower 999 Peachtree Hits the Market
By Georgiana Mihaila, Associate Editor Jamestown Properties, the company that bought the former First Union Plaza in 2007 for approximately $127 million, is now seeking a buyer for the iconic 28-story Midtown tower. A year after the purchase, owner Jamestown Properties had hired Atlanta-based Cousins Properties to manage, lease and enhance the 999 Peachtree Street […]
MICA to Invest $18.5 Million in Student Housing Projects
By Adrian Maties, Associate Editor The Maryland Institute College of Art (MICA) has announced it will break ground in late fall on a $16.5 million student housing expansion project. The addition will help MICA provide housing for more than half its undergraduates and will also lead the revitalization of Baltimore’s North Avenue corridor and northern […]
New Affordable Rental Units Available in Bedford-Stuyvesant
By Veronica Grecu, Associate Editor A new affordable housing complex was inaugurated last week in Brooklyn’s Bedford-Stuyvesant neighborhood during an official ceremony attended by representatives of the New York City Department of Housing Preservation and Development (HPD), development partners and residents. Created as part of Mayor Michael Bloomberg’s New Housing Marketplace Plan, which aims to […]
With 90 Percent of Units Sold, BrickellHouse Goes Vertical
July 18th marked the construction start for one of Downtown Miami/Brickell’s first luxury residential developments since the 2008-09 economic downturn—the 48-story BrickellHouse condominium development.
CBRE Selected for Huge Apartment Deal in Austin
By Camelia Bulea, Associate Editor
The sale of RIATA—an expansive apartment community in Northwest Austin—is to be one of the largest multifamily investment deals in the metro area when completed. CBRE Group Inc., represented by Charles Cirar, Ryan Reid, Michael Wardlaw […]
Eastland Mall May Get New Life
By Eliza Theiss, Associate Editor Eastland Mall, eastern Charlotte’s once-reigning shopping mall, could once again become a revenue-generating property. According to a report by the Charlotte Observer, officials have put the purchase of Eastland on the city’s immediate agenda with a reported $13.2 million price tag. If the city were to acquire the mall, it […]
Luxury Apartments to Rise in Marigny
By Eliza Theiss, Associate Editor New Orleans is reaching for new residential heights. Or at least some of its developers are–like Sean Cummings. The notorious Crescent City developer recently presented plans for a 74-foot-tall apartment building before the New Orleans City Planning Commission and received approval to bring his plans before the city council, reported […]
Cleveland to Get New Police Station
By Adrian Maties, Associate Editor The city of Cleveland is working together with MidTown Cleveland Inc. on a $17.5 million development project that will bring the first new police station to the city in 34 years. The project will help make the neighborhood safer, will catalyze development–and will free two important properties in Midtown and […]