Business Specialties
Appling Lakes at Cordova Club Sold for $26.4 Million
By Eliza Theiss, Associate Editor Appling Lakes LLC of Salt Lake City has purchased the 312-unit Appling Lakes at Cordova Club apartment community from 27 tenant-in-common investors for $26.7 million. The sellers bought the property in 2005 for $26.9 million. The purchase was financed with a $19.9 million loan filed through Prudential Affordable Mortgage Co. […]
Developers Plan $100 Million Development in Columbia
By Adrian Maties, Associate Editor The city of Columbia may see a new apartment and retail complex in the near future. On Tuesday, May 22, officials with Orchard, Kettler and Howard Hughes Corp. presented plans at The Rouse Company Foundation Student Services Hall at Howard Community College, for a $100 million development, the area’s first […]
Dyno Nobel Considering $800M Plant in Jefferson Parish
By Eliza Theiss, Associate Editor Dyno Nobel International, the Utah-based explosives and chemical products manufacturer, is to spend $30 million on a comprehensive study regarding the feasibility of establishing an $800 million ammonia production factory on a brownfield site in Jefferson Parish, reports Area Development Online. If the study yields a positive result, the facility […]
American Greetings Details Plans for New Headquarters
By Adrian Maties, Associate Editor In May 2011, the American Greetings Corp. announced its intentions to move to a new headquarters in Westlake. A year later, it has finally unveiled the first plans for the $150 million to $200 million project, to be located in Westlake’s Crocker Park. The new world headquarters designs were unveiled […]
Study Shows Phase 1A of the Banks Has $91M Annual Economic Impact
By Adrian Maties, Associate Editor The Banks project is drawing more people to downtown Cincinnati, and the city is already cashing in, according to an economic impact study conducted by the University of Cincinnati Economics Center and released on May 22 by the Banks’ developers: Carter, The Dawson Co. and USAA Real Estate Co. The study […]
Developer Breaks Ground on Cedar Creek Lake Luxury Community
By Camelia Bulea, Associate Editor Just 75 minutes from Downtown Dallas, there is a stretch of undeveloped land on Cedar Creek Lake that will not be undeveloped much longer. Dallas-based Long Cove Development has begun the first phase of Long Cove, a luxury community of single homes. According to a news release by Long Cove, […]
Horseshoe Cleveland Finally Opens
By Adrian Maties, Associate Editor The Horseshoe Casino Cleveland is finally here. On the evening of May 14th, the casino officially opened its doors to the public. Gary Loveman, chairman, president & CEO of Caesars Entertainment Corp.; Dan Gilbert, chairman of Rock Gaming; Marcus Glover, general manager & senior vice president of Horseshoe Cleveland; Cleveland […]
New Apartments Coming to Downtown Cincinnati This Summer
By Adrian Maties, Associate Editor An $18 million development project will bring 88 new apartment units to downtown Cincinnati this summer. The Edgewood, Ky.-based Ashley Commercial Group has partnered with Arcadia Communities of Louisville to transform the former Federal Reserve Bank building into The Reserve at 4th and Race, an exclusive downtown apartment complex. The 15-story […]
TIF Commission of Kansas City Favors Incentives for $142.5 M Towne Center Development
By Gabriel Circiog, Associate Editor The Tax Increment Financing Commission of Kansas City has recommended the approval of incentives for the $142.5 million Towne Center development in Clay County, The Kansas City Business Journal reports. The project, led by Kansas City-based CBC Real Estate Group, calls for over 1 million square feet of retail space […]
Enterprise Reopens Harper House Affordable Housing Community in Howard County
By Adrian Maties, Associate Editor Enterprise Homes has re-opened Harper House. The Columbia apartment building has received a $21 million total building “green” makeover. Enterprise is celebrating its 30th anniversary this year, and the building is a tribute to Jim Rouse (April 26, 1914 – April 9, 1996), Enterprise’s founder and also the founder […]