the Editors of Commercial Property Executive
10 Years, $6M Later… and No Development at Wildhorse Ranch
By Camelia Bulea, Associate Editor
The 1,700-acre Wildhorse Ranch project was a great dream, and would have been the largest deal of its kind at the time—as the city agreed to reimburse up to $30 million to install water and wastewater […]
FEMA Funds New Orleans SPCA Facility with $8M
By Eliza Theiss, Associate Editor The Federal Emergency Management Agency (FEMA) has announced close to $8 million in consolidated funding to the Louisiana Society for the Prevention of Cruelty to Animals (SPCA) for a new animal control facility. The old Louisiana SPCA center was located at 1319 Japonica St. and sustained extensive damage during Katrina. […]
East Side Office Portfolio in Foreclosure
By Adrian Maties, Associate Editor In 2007, Gotham King Fee Owner L.L.C., a joint venture of Gotham Realty Holdings of New York and Beachwood developer and broker Donald King, paid $140 million for nine office buildings in the eastern suburbs of Cleveland. The joint venture acquired the Gotham King portfolio from Duke Realty Corp., an […]
Mercy Health to Build $75M Patient Tower
By Adrian Maties, Associate Editor Hospital construction in Cincinnati has been booming recently. Cincinnati Children’s Hospital Medical Center has a $180 million research tower underway on its main campus, the largest pediatric research center in the United States, and Christ Hospital is getting ready to break ground this summer on a $265 million project. Now, […]
Parkway Closes $250M Hearst Tower Deal
By Eliza Theiss, Associate Editor Orlando-based real estate investment firm, Parkway Properties, Inc., announced it has completed the high-profile purchase of Charlotte’s fourth largest office building—the Hearst Tower. Closing on the office property was made possible by the $200 million equity investment promised by TPG earlier this year. The 972,000-square-foot, 47-story office tower sold for […]
New Senior Housing Coming to West Baltimore
By Adrian Maties, Associate Editor Enterprise Homes and Capital One Bank broke ground on Thursday, June 7, on The Greens at Irvington Mews, Baltimore’s newest senior housing development. Baltimore Mayor Stephanie Rawlings-Blake, Secretary Skinner, Enterprise Homes President Chickie Grayson and other officials attended the ceremony. Located on the city’s west side, just across the street […]
MGM Grand Detroit Casino to Be Redeveloped as Detroit Public Safety Headquarters
By Veronica Grecu, Associate Editor During an official ceremony held last week at the former MGM Grand Detroit Casino building, Mayor Dave Bing and Police Chief Ralph Godbee broke ground on the new public safety headquarters for Detroit’s police and fire departments. Built by Las Vegas-based MGM MIRAGE and local investment group Partners Detroit, the […]
MB Real Estate Expands Leasing Portfolio in Downtown Chicago
By Gabriel Circiog, Associate Editor MB Real Estate has announced the expansion of its leasing portfolio to over 14.4 million square feet. The Chicago-based company, founded in 1982, has been awarded five new leasing assignments in downtown Chicago. The new additions include 300 E. Randolph—a 57-story tower owned and anchored by Health Care Service Corporation. […]
Transit-Oriented Affordable Housing Development to Break Ground at Evans Light Rail Station
By Gabriel Circiog, Associate Editor The Urban Land Conservancy has sold a parcel of land at the Evans Light Rail Station for the construction of a mixed-use, transit-oriented development. The one-acre property, located along Denver’s Southwest light rail corridor at 2140 S. Delaware St., was originally acquired by the ULC in June 2011 through Denver’s […]