the Editors of Commercial Property Executive
Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay
The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.
Quicken Loans Mortgage Services Grows in Charlotte
By Eliza Theiss, Associate Editor Quicken Loans Mortgage Services (QLMS) of Quicken Loans Inc., the country’s largest online lender, has announced plans to expand its Queen City offices. QLMS, a mortgage service provider to community banks, credit unions and mortgage professionals in all 50 states will expand its Charlotte presence by increasing both office space […]
Chicago and Aeroterm LLC Reach Agreement for $200M Project at O’Hare
By Gabriel Circiog, Associate Editor The City of Chicago has reached an agreement with Aeroterm LLC to start construction of the Chicago O’Hare International Airport Northeast Cargo Center. Mayor Rahm Emanuel announced the development project, which will expand and enhance the efficiency of O’Hare’s airport cargo operations, as well as create around 1,200 construction jobs, […]
City Council Allows 121-acre Gatlin Creek Development to Move Forward
By Camelia Bulea, Associate Editor
The Georgetown City Council unanimously approved a zoning change request at 4900 Williams Dr., thus allowing development on Gatlin Creek to move forward.
The proposed Gatlin Creek Development is planned to include an assisted-living center, a nursing […]
New Location for $36M Carolina HealthCare Behavioral Hospital
By Eliza Theiss, Associate Editor Carolinas HealthCare System (CHS) has found a new site in Davidson for a planned behavioral hospital, this after previous development plans for another location fell through in March. The planned mental health care facility is a 66-bed, single-story, 76,280-square-foot complex with private rooms and large activity areas that open to […]
Novare Plans New Luxury Apartment Community in Midtown
By Georgiana Mihaila, Associate Editor Novare Group’s Viewpoint condo tower will most likely get a new neighbor, as the developer has recently drafted plans for a new 23-story luxury high-rise apartment community on the northwest corner of 6th and Juniper streets. Novare has pitched its plans for 100 6th Street to the Midtown Development Committee. […]
Lincoln Property Hired to Manage, Lease, Sell 388,367-Square-Foot Portfolio
GE Capital Real Estate recently assigned management, leasing and sales duties for a substantial portfolio of office/flex properties to Lincoln Property Company Southeast. The portfolio, encompassing 388,367 square feet, consists of three properties, all located in Orlando. While in 2010, GE Capital Real Estate foreclosed on this portfolio, the companyrecently decided to change real estate service providers.
Iconic Penobscot Building Sold to Canada’s Triple Properties
The foreclosed Penobscot Building located in the heart of Detroit’s Financial District was sold for an estimated price of approximately $5 million to Triple Properties, a Canada-based real estate investment company that also owns the Silverdome in Pontiac. The 47-story Art Deco building was designed by architect Wirt C. Rowland in 1928 as one of the tallest buildings in the world and the tallest structure in the city until 1977, when the 73-story Central Tower of the Renaissance Center was raised.
Nalco Announces $18.7M Expansion in St. John
By Eliza Theiss, Associate Editor Nalco Inc., a company specializing in water, hygiene and energy technologies and services, has announced an $18.7 million expansion at its Garyville facility in St. John the Baptist Parish. According to a company press release, the company will add a 300,000-square-foot dry polymer production facility to its existing complex. It […]
Sterling McMillan Student Housing Community Sold; Towne Properties Plans Oakley Apartment Complex
By Adrian Maties, Associate Editor
M&A Real Estate Partners, a Los Angeles-based real estate company, has purchased the Sterling McMillan student housing community near the University of Cincinnati. The deal was closed on May 1 at an acquisition price of $19.8 million, according to the Cincinnati Business Courier. Sterling University Housing, the student housing division of […]