the Editors of Commercial Property Executive
St. John Properties Buys Former Environmental Elements Building, Plans $8M Renovation
By Adrian Maties, Associate Editor
St. John Properties Inc. has purchased a highly visible office building located at 3700 Koppers St. in Southwest Baltimore. Although the new owner did not disclose any sales price, it plans to invest $8 million to […]
Downtown Miami Defies National Trend with Residential Occupancy Up to 93 Percent
By Georgiana Mihaila, Associate Editor
Less than three years ago, tens of thousands of condo units built during the 2002-2008 boom sat empty in downtown Miami. Yet what was arguably the worst real estate market in the country following the crash […]
Southern College of Optometry Announces $9.4 M Expansion
By Eliza Theiss, Associate Editor Southern College of Optometry (SCO) has announced a $9.4 million plan to add a new building to its midtown campus. The project will be college’s most ambitious undertaking since The Eye Center, a state-of-the-art eye-care clinic that opened in 2002. The new 23,016-square-foot facility will be located behind the 11-story […]
Dubai-Owned Luxury Jumeirah Essex House Up For Grabs
By Veronica Grecu, Associate Editor
Dubai Investment Group, the owner of New York’s 81-year-old Jumeirah Essex House, is looking for potential buyers for the luxurious hotel—located prominently on the south end of Central Park between Sixth and Seventh Avenues. Easy to […]
United Airlines Could Unite Downtown Offices in Willis Tower
By Gabriel Circiog, Associate Editor The parent company of United Airlines is pondering uniting the company’s downtown offices under one roof at Willis Tower, Chicagorealestatedaily.com reports. Sources say that United Continental Holdings Inc. is searching for tenants to fill the 250,000 square feet it currently leases at the United Building, located at 77 W. Wacker […]
Bascom Group LLC Expands Denver Portfolio
By Gabriel Circiog, Associate Editor
The Bascom Group LLC is continuing the expansion of its Denver market portfolio through the acquisition of Hyland Park Centre. Located at 1800 West 85th Ave. in Federal Heights, the 492-unit community was recently bought for $28.25 million.
Brandon Smith and Brian Eisendrath of CBRE brokered the financing for the purchase, while […]
Apple Inc. Doubles Presence in Austin with $304 Million Campus
By Camelia Bulea, Associate Editor
Apple Inc. has announced the building of a new $304 million campus and a subsequent doubling of the number of employees it has in Austin, adding another 3,600 jobs on top of an existing 3,500, according […]
Hearst Tower is New York City’s Most Sustainable Office Building
By Veronica Grecu, Associate Editor
The U.S. Green Building Council (UCGBC) recently awarded Hearst Tower, one of the first green office buildings in New York City, a LEED Gold certification for new construction and a LEED Platinum award—the highest possible rating for […]
Swire Properties Moves Forward with Large Brickell CitiCentre Project
By Georgiana Mihaila, Associate Editor
Developer Swire Properties is currently testing and preparing the site where its mega-project Brickell CitiCentre will soon begin to rise. The South Florida Business Journal reports the developer has received a $140 million credit by HSBC […]
Dogwood Creek Sells for $26 Million; Hunters Trace Apartments Financed for $11 Million
By Eliza Theiss, Associate Editor New York-based Somerset Partners LLC has purchased Dogwood Creek, a 278-unit apartment community on Houston Levee Road in Collierville. G & I V Dogwood Creek LLC, a joint venture between Fogelman Venture Partners of Memphis and a fund managed by New-York-based DRA Advisors LLC, sold the community at a rate […]