Cities
Busy Week for Commercial Real Estate in New York City
By Veronica Grecu, Associate Editor
The commercial real estate transactions cited by Citibizlist that were closed this week in New York City show signs of improvement in the market.
The entire fourth floor of an office building located at 1150 Avenue of […]
UNC Charlotte Opens New Building; Medical Center Expected to Expand
By Amalia Otet, Associate Editor
The University of North Carolina at Charlotte celebrated the opening of its brand-new $50.4 million building in the city’s First Ward. The 11-story, state-of-the-art structure at the corner of Ninth and Brevard Streets was completed this […]
Three Apartment Communities Up For Sale in Austin
By Camelia Bulea, Associate Editor
CB Richard Ellis Inc. recently announced that three large apartment complexes–Club Creek, Wildwood and Village at Riverdale–totaling 660 units, are up for sale.
The three properties are offered without a price and put to sale through receivership. […]
Carrfour to Deliver First 56 Affordable Units with NSP2 Funds
By Georgiana Mihaila, Associate Editor
Carrfour Supportive Housing is putting federal stimulus dollars to work with the purchase of a formerly distressed apartment complex, Harvard House Apartments. The Miami-based developer purchased the property through funds from the U.S. Department of Housing […]
Low Class A Office Vacancy Rate Equals Good News for Real Estate Investors
By Veronica Grecu, Associate Editor
ChicagoRealEstateDaily.com reports that a 40-story office tower located at 55 W. Monroe St. will be sold for about $140 million to Hearn Co., a local investment company that teamed up with an undisclosed New York-based capital […]
California Cities Court NFL Teams with Stadium Plans
By Alex Girda, Associate Editor
As National Football League teams get ready to kick off the 2011 season, competition of a different sort is heating up in California. No fewer than four cities in the Golden State have plans in the pipeline for […]
$45 million Redevelopment Project Begins at Old Recreation Center
By Veronica Grecu, Associate Editor
A complex redevelopment project estimated to cost around $45 million began this Monday when the site was cleared from trees and massive weeds at the neglected Venice Island Recreation Center located between Manayunk Canal and the […]
Detroit No Longer a Ghost City
By Veronica Grecu, Associate Editor
Motown’s most noticeable real estate developments and transactions were highlighted by Crain’s Detroit Business in an article published this week that shows the city’s steady economic development progress.
Detroit’s revitalization plan has been focusing on a series […]
Embassy Suites Opening September 2012
By Georgiana Mihaila, Associate Editor
Opening is approaching for the new Embassy Suites hotel, as developer Sierra Land Group announced that the $51.7 million project will be completed September 2012. The 300-room hotel, dubbed Embassy Suites Orlando-Lake Buena Vista South is […]
Improving Distressed Properties Means Improving Activity
By Alex Girda, Associate Editor
Serious interest generated by the Strip’s available high-rise residential condominiums has ramped up investor activity in the area, VegasINC magazine reports. According to a study quoted by the business publication, it’s mostly due to the fact […]