Development
NYU Schack Special Report: Sternlicht on Real Estate
Barry Sternlicht talks with James Kuhn at the NYU Schack Capital Markets conference about branding, global investment and more.
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Shippensburg University Kicks Off $200M Student-Housing Development
Shippensburg University in Pennsylvania breaks ground today on its $200 million student-housing initiative that will be completed in three phases through January 2013 by developer Campus Apartments.
$55M for a Manufactured Seniors Home Community Outside Boston
A privately owned Chicago firm has just purchased Oak Point, a 870-unit seniors manufactured-home community in Middleborough, Mass., for $55 million.
General Growth, Kimco JV to Redevelop Maryland Mall for $70M
Owings Mills Mall, a 25-year-old, 1 million-square-foot regional mall in northwest Baltimore County, will be undergoing redevelopment through a new joint venture of General Growth Properties and Kimco Realty.
ProLogis Sells 90% Stake in Brazilian Development to Pension Fund
Powerhouse industrial developer ProLogis Inc. announced the sale of a 90 percent interest in its not-yet-complete ProLogis CCP Cajamar Industrial Park in São Paulo, Brazil, to Brazil’s largest pension fund, PREVI.
780 KSF of Bronx Retail, Courtesy of Prestige Properties
In one of New York City’s larger projects this year, Prestige Properties has announced the development of a 780,000-square-foot retail center in the Bronx, to be anchored by a new Macy’s store.
Cleveland State, Co-Developers Break Ground on $50M Mixed-Use
In conjunction with partners Polaris Real Estate Equities and Buckingham, Cleveland State University has begun a $50 million residential project, the largest single such development in the city for more than three decades.
Suffolk Construction Awarded Contract for 488 KSF Boston Residential Tower
Suffolk Construction recently received the contract for the 27-story Kensington residential tower in Boston from the building’s owners and partners, Kensington Investment Co. and National Development.
Skanska Begins Construction on LEED Platinum, 302 KSF Houston Office
Skanska will immediately begin construction on a Class A office building in Houston’s Uptown submarket that will be a 20-story, 302,000-square-foot podium design designed to LEED Platinum specifications.