Development
Carpenter Technology Selects Alabama for New $500M Manufacturing Facility
Carpenter Technology Corp. has a site near Athens, Ga., as the future home of a $500 million, 400 million-square-foot manufacturing plant that will serve its clients in the aerospace and energy sectors.
Economy Watch: Homebuilding Surges, Beige Book Sleeps–and So Does CPI
Home starts experienced an unexpected uptick in September, while the latest Beige Book intimated a “sluggish” economy and the CPI turned in the lowest increase since the beginning of summer.
New Boston Fund Secures Financing for M-F Project
New Boston Fund and Asian Community Development Corp. recently secured city and state funds for the construction of a $130 million, 345-unit mixed-income multi-family property in Boston’s Chinatown.
Philadelphia’s High-Rise Drought Eased by 34-Story Apartment Project
The $104 million project would be the first high-rise in any property category to get under way in the city since the 2008 opening of Comcast Center.
GE Taps Colorado for $300M Solar Panel Plant
Large, lightweight panels produced at the facility will make solar installations on commercial building rooftops more efficient, GE contends.
Kayne Anderson Takes 161-Unit Student Housing Complex Near USC
The $55 million property opened this fall.
Downtown Renaissance: The World Trade Center Anchors a Thriving Redevelopment Scene
As Manhattan’s biggest redevelopment project in decades, the new World Trade Center towers are the flagships of the Downtown revitalization trend that started in the early years following the terrorist attacks. An update on redevelopment progress in Lower Manhattan.
Grosvenor, Kuwait Finance House to Invest up to $600M in Healthcare Properties
Grosvenor Fund Management has just joined forces with Kuwait Finance House to shell out as much as $600 million on the acquisition and development of medical office buildings and private-pay senior living properties across the United States.
City Creek Center M-U on Track Despite Economic Downfall
By Gabriel Circiog, Associate Editor Despite the economic downfall, City Creek Center is taking shape in downtown Salt Lake City. Deseret News reports all residential construction is now complete and the first 20 stores have been announced. Dale Bills, spokesman for City Creek Reserve Inc., the real estate development division of the LDS Church, announced […]
Savanna Begins $65M Acquisition, Re-Development of Downtown NYC’s 80 Broad St.
80 Broad St., near the southern tip of New York City, was just purchased by Savanna, which snagged a $65.3 million loan from Mesa West for the building’s acquisition and planned capital improvements.