the Editors of Commercial Property Executive
Lowe Enterprises Starts $70M Crystal City Office Redevelopment
By Adrian Maties, Associate Editor
Lowe Enterprises hosted a ceremony on March 29 to mark the start of of its $70 million redevelopment of 1400 Crystal Drive in Crystal City, Va. Government, business and civic leaders were present at the event, among them Mary Hughes Hynes, chair of the Arlington County Board, as well as a […]
Proposed Foundry Row Development Could Breathe New Life into Owings Mills
By Adrian Maties, Associate Editor
Developer Greenberg Gibbons plans to demolish the 1.8 million square-foot Solo Cup site on Reisterstown Road in Owings Mills in the coming months and build a $140 million retail center anchored by Wegmans in its place. […]
Private Passenger Rail Service to Connect Orlando to Miami
Florida East Coast Industries made public its plans for a $1 billion passenger rail project that is to connect Orlando to South Florida. Called All Aboard Florida, the rail project will link the two metro areas through a 240-mile route combining 200 miles of existing tracks between Miami and Cocoa and the creation of 40 miles of new track to complete the route to Orlando.
Goodrich Inks 105 KSF Office Lease in California
Aerospace company Goodrich Corp. has signed a 104,662-square-foot lease at the Brea Imperial Center in Brea, Calif., bringing the facility to 100 percent occupancy.
Inland Buys Stone Creek Towne Center
Inland Real Estate Corp. (NYSE: IRC) recently acquired a Cincinnati power center. It paid $36 million for Stone Creek Towne Center on Feb. 29, purchasing it through its joint venture with PGGM.
Stone Creek Towne Center is located between Interstate 275 and […]
Xfinity Live! to Open Gates on March 30
By Veronica Grecu, Associate Editor
In less than three weeks, Philadelphians will have access to the city’s newest entertainment complex, a 60,000-square-foot venue that will most likely become a hot spot for sports fans and residents alike. Xfinity Live! was built […]
HFF Marketing Loan for The Vue
By Eliza Theiss, Associate Editor
Real estate firm HFF L.P. recently began marketing $130 million in junior debt tied to The Vue–Charlotte, a luxury uptown condominium project. Miami-based investors are said to have shown interest for the note.
Current owner MCL Cos. […]
St. John Properties Buys Former Environmental Elements Building, Plans $8M Renovation
By Adrian Maties, Associate Editor
St. John Properties Inc. has purchased a highly visible office building located at 3700 Koppers St. in Southwest Baltimore. Although the new owner did not disclose any sales price, it plans to invest $8 million to […]
Downtown Miami Defies National Trend with Residential Occupancy Up to 93 Percent
By Georgiana Mihaila, Associate Editor
Less than three years ago, tens of thousands of condo units built during the 2002-2008 boom sat empty in downtown Miami. Yet what was arguably the worst real estate market in the country following the crash […]
Southern College of Optometry Announces $9.4 M Expansion
By Eliza Theiss, Associate Editor Southern College of Optometry (SCO) has announced a $9.4 million plan to add a new building to its midtown campus. The project will be college’s most ambitious undertaking since The Eye Center, a state-of-the-art eye-care clinic that opened in 2002. The new 23,016-square-foot facility will be located behind the 11-story […]