the Editors of Commercial Property Executive

Redeveloping the Broad Street – Washington Avenue Corridor

By Eliza Theiss, Associate Editor Redevelopment, revitalization, rebuilding are the three big Rs of the Crescent City, and with the many scars left behind by Katrina, it’s no wonder. And areas with thousands upon thousands of lots left blighted and abandoned still offer plenty of opportunities for those willing to rebuild and bring back life to […]

Westfield Group to Sell Strongsville’s SouthPark Mall

By Adrian Maties, Associate Editor
The Westfield Group, the world’s second-largest shopping mall owner, announced plans to sell eight non-core U.S. shopping centers for $1.2 billion in order to pay off debt and invest in higher-profile projects. Greenwich, Conn.-based Starwood Capital Group will acquire a 90 percent stake in seven centers. The eighth property, Eastland, a […]

NAP Wins Approval for $600M Avalon Development

By Georgiana Mihaila, Associate Editor
The Southeast is one step closer to its first “experience center”—a place where high-end retail, restaurant, residential, office, hotel, and public spaces come together in order to create a unique destination. North American Properties has received key approvals to move forward with its $600 million Avalon development.
The resort-inspired mixed-use project will […]

Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory

By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified and CAP-accredited clinical laboratory. Plans […]

Old Garden Theater Brought to Life by $12M Redevelopment Project

One of Detroit’s first neighborhood theaters, the historic Garden Theater built in 1912 by famed architect C. Howard Crane, has embarked on a multi-million redevelopment program, reports The Huffington Post.

Lee & Associates Expands Florida Presence, Opens Orlando Office

According to an official statement, Lee & Associates—one of the largest full-service commercial real estate firms in the country—will soon be taking another important step in establishing the firm’s presence in Florida and the Southeast.

NYU to Develop New Applied Research Center in Downtown Brooklyn

By Veronica Grecu, Associate Editor
New York City Mayor Michael Bloomberg announced a historic partnership with New York University and the Polytechnic Institute of New York to proceed with the next milestone in the city’s Applied Sciences NYC Initiative: the Center […]

Carrfour Celebrates Opening of $30M Affordable Housing Community in Liberty City

Miami’s Liberty City neighborhood is now home to the city’s newest affordable housing community—Dr. Barbara Carey-Shuler Manor. Developed by Carrfour Supportive Housing—Florida’s largest nonprofit affordable housing developer—along with Miami-Dade County and the Florida Housing Finance Corporation, the $30 million apartment complex includes 100 affordable housing units for low-income and formerly homeless families.

Peak 10 Expanding in Charlotte, Building New Data Center

By Eliza Theiss, Associate Editor Peak 10 Inc., the Charlotte-based data center solutions company, has announced it will be expanding its surface area in Charlotte by 62,000 square-feet by building a fourth data center. The new building will be located in University Research Park near UNC-Charlotte and will be developed in phases depending on market […]

KTGY-Designed Arista Uptown Apartments Soon to Be Available

By Gabriel Circiog, Associate Editor KTGY Group Inc., Architecture + Planning has announced the completion of the first of eight 3-story buildings planned at the Arista Uptown Apartments in Broomfield. Developed by Denver-based Smith/Jones Partners LLC and designed by KTGY, the transit-oriented apartment community will feature a total of 272 units—18 studios, 149 one-bedroom and […]