Development
$44 Million Grant Helps Detroit RiverWalk Redevelopment
By Veronica Grecu, Associate Editor In an effort to wrap up the remaking of the 5.5 mile RiverWalk that connects the Ambassador Bridge and Belle Isle, the city of Detroit received a total of $44 million in state and federal grants as financial support for the final stage of construction. According to Detroit Free Press, […]
Foreign Capital, Robust Demand Drive Industrial Growth: Jones Lang LaSalle
Other key factors are global supply chain trends, worldwide growth of e-commerce and solid infrastructure, a study contends.
Launch Planned for $65M Miamisburg Business Park
By Adrian Maties, Associate Editor According to a recent report from Cassidy Turley, the office vacancy rate in the Dayton area dropped from 27.8% at the end of 2011 to 26.1% in the first half of 2012. While the improvement from quarter to quarter is relatively modest, the trend is good news for Mark Fornes […]
Fallon, Drew Move Ahead on Big Boston Residential Projects
Developers like The Drew Co. and The Fallon Co. are taking note as demand for apartments in Boston continues to soar and the call for condominiums is on the upswing.
IKEA’s Real Estate Arm to Build Master-Planned Community in East London
IKEA’s real estate arm, LandProp Holding, has begun a new 2 million-square-foot mixed-use master-planned neighborhood just south of the Olympic Park in Stratford, an area in eastern London.
JBG, Bozzuto Partner on Land Purchase for Mixed-Use Suburban D.C. Project
With the closing of a recent land transaction, The Bozzuto Group and JBG Rosenfeld Retail have taken a big step forward in their plan for a mixed-use development at Crown, a 182-acre master-planned community just outside of Washington, D.C., in Gaithersburg, Md.
Qatar to See New $1.7B Shopping Center, Country's First IKEA
Doha, the capital city of Qatar, is set to get a massive $1.7 billion shopping center. The promising complex will offer approximately 2.7 million square feet of space divided into 500 retail units. A large chunk of the space will be filled by the country’s first IKEA.
$200M Dayton Racino Project Moving Forward
By Adrian Maties, Associate Editor Dayton is one step closer to having its racino. Penn National Gaming Inc. (Nasdaq: PENN) announced on July 2 it wants to relocate Beulah Park in Columbus to Austintown and Raceway Park in Toledo to Dayton. It requested official permission of the Ohio State Racing Commission on June 30. It […]
New Hyatt Place Opens in Vista-Carlsbad; NBTK Holdings LP Expands Office Portfolio
By Gabriel Circiog, Associate Editor Hyatt Hotels Corporation announced the opening of Hyatt Place San Diego/Vista-Carlsbad. The new 150-room hotel is the first Hyatt Place hotel in the Vista-Carlsbad area and the seventh hotel for Hyatt in the San Diego area. Located at 2645 South Melrose Drive, the hotel is targeting business as well as […]
PREI, Urban Pacific Turn Dirt on 52-Story Condo High-Rise in San Francisco Hotspot
Demand for such dwellings is so substantial that the developers have committed to paying the city of San Francisco a $15.1 million fee to compensate for the exclusion of below-market-rate units.