the Editors of Commercial Property Executive
Philadelphia Promotes Sustainable Energy Through New Biogas Facility and Website
By Veronica Grecu, Associate Editor
Following a $47.5 million agreement between Framingham, MA-based Ameresco and the Philadelphia Water Department (PWD), a new biogas-to-energy facility will be designed, built and maintained at the Northeast Water Pollution Control Plant (NEWPCP) located at 3895-3899 […]
$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’
By Veronica Grecu, Associate Editor
Seeing the success of the housing incentives launched last year—Live Downtown and Live Midtown—and the growing interest for recently opened Challenge Detroit, a new multi-million dollar initiative aiming at revitalizing the city was announced this week […]
Brooklyn Has Most Distressed Properties in NYC
By Veronica Grecu, Associate Editor
The New York City Department of Housing Preservation and Development (HPD) recently released a list of the 200 most distressed residential buildings that were enrolled in the fifth round of the Alternative Enforcement Program (AEP). The […]
Related Buys 33-acre Site for New Multifamily Community
By Georgiana Mihaila, Associate Editor
Related Development is one step closer to building its newest rental community in West Miami-Dade, as the residential developer recently purchased a 33-acre site for $20.5 million. The property, located at the junction of Northwest 97th Avenue […]
FedEx to Build $142 Million Flight Facility; Memphis Multifamily Properties to Be Auctioned Online
By Eliza Theiss, Associate Editor FedEx Express, a unit of Memphis-based FedEx Corp., plans to build a $141.9 million flight-training facility adjacent to the existing Airways Boulevard location, reports The Memphis Daily News. The company currrently leases several flight-training facilities scattered throughout Shelby County. The new Air Operation Training Center would consolidate all flight-training into […]
Landmark Civic Opera Building Sold for $126 Million
By Gabriel Circiog, Associate Editor
Tishman Speyer Properties L.P. has sold the Civic Opera Building to a New York venture for almost $126 million, Chicagorealestatedaily.com reports. According to Cook County property records, cited by the same source, an affiliate of Nanuet, N.Y.-based Berkley Properties LLC bought the 915,000-square-foot building for $125.8 million. The deal was financed […]
Opus Development Plans New Luxury Apartments in Central Platte Valley
By Gabriel Circiog, Associate Editor
Opus Development Corporation recently unveiled plans to build a new, 10-story luxury apartment building in downtown Denver. The plans call for a 285-unit community to be developed at 1490 Delgany St. in partnership with Amstar, a […]
Panasonic Co-Develops Nation’s Largest Solar Farm in Pflugerville
By Camelia Bulea, Associate Editor
Panasonic Corp., one of the largest electronics manufacturers in the world, recently agreed to co-develop the largest solar farm in the U.S. along with RRE Austin Solar. The developer has announced a planned ground-breaking for June […]
$1B Growth Plan for South Dallas
By Camelia Bulea, Associate Editor
“Plan for Growth in Southern Dallas,” a program newly revealed by Mayor Mike Rawlings, could lead to projects worth $1 billion for the 169 square miles of South Dallas.
As it represents a large part of Dallas, […]
Steiner NYC to Bring New Rental Tower to Downtown Brooklyn
By Veronica Grecu, Associate Editor
Brooklyn’s historic residential boundaries are set to expand as a new, amenity-rich apartment building is being prepared for construction at 333 Schermerhorn St. near the intersection of Third and Flatbush avenues. The plan was revealed early […]