News
New Master Plan will Create a More Bike-Friendly Baltimore
Just like neighboring Washington, D.C., the city of Baltimore is also doing its best to become greener and healthier. At the end of March, the city has adopted a new Bike Master Plan, which will help it expand its network of biking facilities and become more bicycle-friendly.
LifeBridge Health to Invest $250M in Westminster’s Carroll Hospital Center
Last November, LifeBridge Health announced its plans to acquire the Carroll Hospital Center. A few day ago, members of Carroll County Health Services Corporation, parent company of Carroll Hospital Center, voted to approve the affiliation agreement. With the signing of the final documents, Carroll Hospital Center has now become a subsidiary of LifeBridge.
C-Care Expands in the Baltimore Area
Hair and skin care product manufacturer C-Care is expanding its manufacturing operations in the Baltimore region. CAG USA, Inc., C-Care’s parent company, has recently acquired two properties in Curtis Bay and Linthicum for its subsidiary. The total cost of the two acquisitions was $6.7 million.
Franklin Street Properties Sells Eden Prairie Office Property to DREA
An approximately 153,028-square-foot office property in Eden Prairie, Minn. has recently changed hands.
The Oaks at Fox Grove Opens in North Central San Antonio
KB Home has entered its newest phase of development of single-family homes in the north central part of the city. The Oaks at Fox Grove has made ready for daily tours three fully decorated model homes.
California Developer MJF to Break Ground on Two Honolulu Condo Projects by Year-End
Plans are moving forward for the upcoming seven-story condominium project proposed by MJF Development Corp. in the growing Honolulu neighborhood of Kakaako.
Expedia Acquires Office Campus on Seattle Waterfront, Prepares to Relocate from Bellevue
Expedia, Inc. recently provided the Bellevue real estate market with quite a blow as the company announced that it is relocating, following the purchase of a new campus. One city’s loss is another’s gain as the company announced the acquisition of Amgen’s multi-building office property in Seattle. According to recent announcements, Expedia will complete its relocation to Seattle’s waterfront by 2018. The travel company reportedly paid $228.9 million for the property, with the transaction expected to close by the end of the current quarter.
K&D Group Buys Another Cleveland Landmark
Another downtown Cleveland office building has recently changed hands. But, in spite of the office-to-residential-conversion trend currently present in the Cleveland area, this one won’t be redeveloped into apartments.
BDG Enters the Bronx with 40KSF Retail Complex
The bland corner of Southern Blvd. and Hunts Point Ave. in the Bronx is set for a complex makeover project that will add a new urban retail center in the borough.
Downtown D.C. Office Building Sells for $109M
The hot Washington, D.C., office market continues to attract more and more investors. The most recent building to change hands is located at 2025 M Street NW, in the city’s Golden Triangle area. Mikeone EK purchased the asset for $109 million.