the Editors of Commercial Property Executive
$40M Carollton Costco Almost a Reality
By Eliza Theiss, Associate Editor Plans to build a Costco store on blighted land near I-10 in the Carollton area seem closer to reality than ever. According to The Times-Picayune, the New Orleans City Planning Commission approved plans for the big-box warehouse store – albeit with a few tweaks. Costco submitted plans to build a $40 […]
Cleveland Clinic, Ohio University to Invest $49.1M into Northeast Ohio
By Adrian Maties, Associate Editor The United States is facing a growing shortage of primary-care physicians, but the Cleveland Clinic and Ohio University are taking steps to alleviate the situation in Cleveland. They recently signed an affiliation agreement and plan to invest $49.1 million into Northeast Ohio to open a medical school campus at the […]
Downtown’s Hyatt Regency to Undergo $17M Makeover
By Adrian Maties, Associate Editor Major renovations are planned for the Hyatt Regency Hotel in downtown Cincinnati. The $17 million project is expected to help the Hyatt compete with newer hotels as well as improve the city’s ability to bring in high-end conventions and boost the local economy. The deal calls for the city of […]
Trump Studio City May Rise in South Miami-Dade
South Miami-Dade could be home to a major film production studio, built by Donald Trump, if the plan pitched to the county commission last Tuesday gets approval.
$157M Roxul Facility to Be Built; 2M Sq. Ft. of Industrial Property Sold
By Eliza Theiss, Associate Editor Rockwool International has officially announced it will be expanding its North American operations and building its first Roxul Inc. manufacturing facility in the U.S. near Memphis. The location for the approximately $157 million plant has been identified as Marshall County, Miss.—31 miles from the city. Roxul Inc. believes the chosen […]
$52M Luxury Apartment Community Breaks Ground
By Eliza Theiss, Associate Editor Crescent Resources LLC has recently broken ground on its newest project: the $52 million luxury apartment community—Circle South Park—in Charlotte’s South Park neighborhood. Developers expect the first apartments to go on the market by the summer next year. Located near SouthPark mall on Carnegie Boulevard right next to Piedmont Town […]
Kettler Launches New Format in Growing D.C. Rental Market
By Adrian Maties, Associate Editor As the Washington, D.C., apartment market continues to grow–with vacancy rates dropping and rents rising–some developers are trying to take advantage of the favorable climate. Among them is Kettler Inc., a McLean-based company that just announced plans to launch its new m.flats format when it breaks ground in August on […]
Renovation Spree Hits Detroit Area Masonic and Hindu Temples
By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to The Detroit News, a team of state and local brokers is currently establishing the financial aspects of the investment, which could get the […]
Waterton Residential Acquires Boutique Seneca Hotel; Two Affordable Housing Projects Receive $11M Support
By Gabriel Circiog, Associate Editor Chicago’s Seneca Hotel has been acquired by Waterton Residential, a subsidiary of Waterton Associates LLC. The boutique hotel, located in the Gold Coast neighborhood, will be restored to a select apartment community, with renovated apartments available for occupancy beginning in mid-June. The 260 newly restored luxury rental residences will be […]
Colorado Hoping to Land Next U.S. Patent and Trademark Satellite Office
By Gabriel Circiog, Associate Editor Colorado state representatives and business leaders are optimistic of the state’s chances of becoming home to a satellite patent office, The Denver Post reports. In 2011, the U.S. Congress approved, under the America Invents Act, the opening of three satellite offices outside of Washington, D.C. by 2014. Colorado missed out […]