Cities
Private Developers and Local Officials Make Up Willoughby Park Missing Funds; 31 Penn Station Tower Sold to Savanna
By Veronica Grecu, Associate Editor
The public park at Willoughby Square in Downtown Brooklyn will receive $8 million from private developers and local officials who teamed up to give a helping hand to this stalled project. According to the Brooklyn Daily […]
Two Chicago-Area Office Buildings to Change Hands
By Veronica Grecu, Associate Editor
ChicagoRealEstateDaily.com reports that Wakefield, Mass.-based Franklin Street Properties is about to close a transaction for a six-story office building located at 909 Davis Street in Downtown Evanston. According to sources familiar with the deal, the sale […]
South Florida’s Central Station Kicks Off
By Georgiana Mihaila, Associate Editor
Tuesday, September 27 marked the construction start for the first complete transportation hub in South Florida—work began on the Miami Central Station. Florida Department of Transportation Secretary Ananth Prasad joined local officials and representatives of Amtrak, […]
Developers to Add Over 630 Units to Austin’s Housing Stock
By Camelia Bulea, Associate Editor
A new 16-story tower with 277 luxury apartments will be built in downtown Austin. Riverside Resources is planning to develop the high-end residential project, which will replace the former Whitley Printing Co. building.
In addition, another residential […]
Duke Energy Celebrates New HQ Opening at Duke Energy Center
By Amalia Otet, Associate Editor
Duke Energy recently opened its new corporate headquarters in the most sustainable skyscraper in America, the Duke Energy Center in uptown Charlotte at 550 S. Tyron St. The energy giant leased 500,000 square feet on 22 […]
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.
Zuckerman Proposes Conversion of Harrison Flats for Hotel Use; Virginia Properties Trade Hands
By Veronica Grecu, Associate Editor
Zuckerman Brothers Inc. has a new restoration and reuse plan for Harrison Flats, the District’s oldest conventional apartment building. According to DCmud, the 123-year-old property was purchased by Zuckerman Brothers in June 2010 for $8.5 million. […]
AREA Buys Way into Downtown; Foundry Square Price Breaks Records
By Alex Girda, Associate Editor
AREA Property Partners has recently made its mark on the San Francisco multifamily scene by acquiring a 422-unit portfolio. The portfolio, comprising units in 20 buildings, was previously owned by the Lembi family. The seller, although […]
Saul Takes Three Grocery-Anchored Shopping Centers for $168.5M
Saul Centers Inc. has increased its footprint in the metropolitan Washington, D.C./Baltimore area by 635,000 square feet with the purchase of three shopping centers for $168.5 million.
Balfour Beatty/Barnhart Awarded $221.5 Million Contract; Architects Busy on Chargers Stadium Design
By Gabriel Circiog, Associate Editor
San Diego County has awarded a $221.5 million contract to Balfour Beatty/Barnhart to design and build a modern women’s jail. The new facility will be constructed on the site of the existing Las Colinas Detention Facility […]