the Editors of Commercial Property Executive
Monday Properties Selects CBRE to Market 1812 North Moore Street
By Adrian Maties, Associate Editor When finished, the building Monday Properties is constructing at 1812 N. Moore St. in Rosslyn, Va., will be the tallest office tower in the Washington, D.C., region. It will offer sensational views of Washington’s monuments across the Potomac River, as well as more than half a million square feet […]
Ivanhoe and Hines to Build $300M Chicago Office Tower
By Gabriel Circiog, Associate Editor Ivanhoe Cambridge and Hines have partnered to develop a 45-story office tower in the West Loop in downtown Chicago. The announcement came from Mayor Rahm Emanuel, who said the $300 million project is “a vote of confidence for our city, welcome news for the local economy and a signal that […]
Colorado State EDC Approves Incentives for Gaylord and Pueblo Projects
By Gabriel Circiog, Associate Editor The Colorado State Economic Development Commission has awarded the Gaylord Aurora and Pueblo projects a sales tax incentive pursuant to the state’s Regional Tourism Act of 2009. The EDC went through a nearly year-long process of selecting, out of six applicants, the winners of the state RTA funding. The commission […]
The Austonian Condominium Tower Refinanced
By Camelia Bulea, Associate Editor
The owners of The Austonian have recently refinanced the 56-story luxury complex through Transwestern Structured Finance Group in Houston. No financial details were immediately made public.
According to the Austin Business Journal, Spain-based Grupo Villar Mir formed […]
Gov. Mark Dayton Signs Off on Agreement to Build New Vikings Stadium at Metrodome
By Gabriel Circiog, Associate Editor Gov. Mark Dayton signed off on an agreement to construct a new $975 million stadium for the Minnesota Vikings at the Metrodome during a Capitol ceremony attended by business leaders, fans and team owners Zygi and Mark Wilf, Finance & Commerce reported. As previously reported by Commercial Property Executive, the governor, […]
$30M to Finish Guste Homes; New Fire Department Building in Jefferson Parish
By Eliza Theiss, Associate Editor Officials recently approved $30 million in state bonds to finalize the redevelopment of the Guste Homes public housing complex in New Orleans’ Central City. According to a report by The Times-Picayune, the third and final stage of Guste Homes, a project of the Housing Authority of New Orleans, has a price […]
Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV
By Alex Girda, Associate Editor
In the latest in a series of dispositions, CIP Real Estate and Buchanan Street Partners have sold the 114,500-square-foot Konami Building in the Howard Hughes Airport Center to the building’s tenant, Konami Digital Entertainment, the Las Vegas Review-Journal reported.
Last December, the partners sold a 425,000-square-foot portfolio at the Hughes Airport Center. That followed the […]
Walmart Goes Solar in 27 Massachusetts Stores
Greenskies Renewable Energy LLC, a Middletown, Conn.-based company specialized in the design and implementation of solar energy systems, has teamed up with chain store Walmart to install crystalline solar panels on 27 of the retailer’s Massachussetts stores over the next two years.
New Upscale Retirement Village Coming to Grosse Pointe Woods
By Veronica Grecu, Associate Editor Work on The Rivers of Grosse Pointe Continuing Care Retirement Community (CCRC) could begin in a few weeks on the site that once housed the Children’s Home of Detroit. According to Patch.com, the project, which is being developed by the owners of Riverview Health and Rehab on East Warren, was […]
LEED Gold Certified 11 Times Square Lands New Tenant
Global Food International Corp., a worldwide supplier of food to chain restaurants, has signed a long-term lease for half the retail space at 11 Times Square. The 40-story, LEED Gold-certified skyscraper in midtown Manhattan was completed in May 2010 by Parsippany-based developer SJS Properties and the real estate investment unit of Prudential Financial Inc.