News
32-Acre Gibbons Commons Mixed-Use Development Breaks Ground
Last week, Saint Agnes Hospital celebrated the groundbreaking of a new, four-story apartment community at the future site of the 32-acre Gibbons Commons mixed-use development. The apartment complex is developed in partnership with Bon Secours Baltimore Health System.
San Francisco City Hall Sets LEED Record
San Francisco’s century-old City Hall was recently awarded the highest level of LEED Certification by the U.S. Green Building Council. The building is now the oldest property in the entire country to have been granted LEED Platinum Certification for Existing Buildings Operations and Maintenance. The rating comes as the result of an ample effort carried out by the San Francisco Public Utilities Commission, the U.S. EPA and the City Administrator’s Office to raise the efficiency of the asset.
Inland Buys Owings Mills’ New Town Village Center for $31.7M
An Illinois-based investor has purchased the New Town Village Center in Owings Mills. The property changed hands just months after it was placed on the market.
Simon Wraps Expansion of Outlet Center
Las Vegas North Premium Outlets recently opened the expansion of the shopping center. The center has added 25 new stores to its offering, becoming one of the largest properties of its kind in the entire country. Developer Simon Property Group officially unveiled the expansion and renovation project that has also added to the asset’s common areas and amenity package last week.
Northrop Grumman-Leased Office Campus Trades Hands
The Spectrum Corporate Center in San Diego was recently acquired by Drawbridge Realty in a deal worth around $61 million. The asset was acquired from Real Estate Capital Partners and IVG Institutional Funds in a deal brokered by Cushman & Wakefield representatives Michael Roberts and Brunson Howard.
30-Story Apartment Tower Now Open in Tysons Corner
Northern Virginia is now home to a new, 30-story, luxury apartment tower. This month, Macerich opened the VITA Tysons Corner, the final piece of the company’s mixed-use urban expansion project at Tysons Corner.
Midtown Redevelopment Authority Prepares to Break Ground on Midtown Park
The Midtown Redevelopment Authority (MRA) alongside its partner Camden Property Trust will break ground next week for Midtown Park, a long-in-the-making, mixed-use facility located centrally within the Zone.
MCZ Reveals Plans for Apartment Community at Former Edgewater Medical Center Site
MCZ Development has released renderings for a proposed 141-unit apartment complex at the site of the former Edgewater Medical Center in Chicago.
Greysteel Keeps Busy in Dallas with Two New Deals
Washington, DC-based Greysteel Co. announced recently that one of its multifamily investment sales team has been retained as the sole advisor and agent for the sale of Milano, a 16-unit multifamily building in Dallas, Texas.
New Condo Development to Open in Silver Spring This Fall
If you’re looking to buy a new condominium in Silver Spring, you’re in luck. Octave 1320, a new condo development at 1320 Fenwick Lane, is now entering the final stretch of construction. The community is scheduled to open this fall.