News
Equity Office, 5G Studio Collaborative to Redesign Solana Business Park’s 230-Acre Campus
Equity Office, a Blackstone Group affiliate, recently partnered up with architecture firm 5G Studio Collaborative for the renovation of Solana Business Park’s 230-acre campus. The company plans to invest more than $50 million to reposition the 14-building office complex as a premier office project in the Dallas/ Fort Worth area.
Jamestown Buys America’s Square
Jamestown LP announced last month the acquisition of a new office property in Washington, D.C. The investment and management company has purchased America’s Square, an iconic, two-building property, located in the city’s downtown.
Economy Watch: Fed–‘CRE on a Roll’
The latest Beige Book has made generous statements about commercial real estate’s market conditions.
Richman Gets Green Light for High-End Downtown Project
A new luxury apartment building is set to take shape in downtown San Diego as approvals are now in-place for a brand new project. The development is The Richman Group of California LLC’s third project in SoCal, since its foundation just one year ago. The other two multifamily residential/mixed-use projects by the company to be approved by government agencies are located in Orange County and L.A.
Affordable Housing Project Advances in Chesapeake
More affordable housing is coming to Chesapeake. The Virginian-Pilot reports that the Chesapeake City Council voted unanimously last week to approve $13.5 million in tax-exempt revenue bonds from the Chesapeake Redevelopment and Housing Authority, for the Catalina Crossing affordable housing development.
Campaign to Land NHL Team Heats Up
With the Las Vegas Arena project hitting major development milestones recently, discussions of a major sports franchise appearing in Las Vegas are intensifying. After talk of a new MLS franchise coming to the city essentially hit a speedbump, the NHL is the new major sports league targeted by local entrepreneurs.
International: Thor Grabs First Canadian Property in Montreal’s Famed Retail Corridor
Thor Equities has entered the Canadian real estate market with a prime retail property acquisition.
HFF Secures Financing for Pittsburgh Office Campus
Pittsburgh’s recent economic growth has attracted financing for an office center.
Faros Properties Acquires Controlling Interest in Pittsburgh’s Allegheny Center Office Complex
The 1.2-million-square-foot office and parking complex at Allegheny Center on the city’s North Side has a new owner.
Hines Grows Retail Expertise with New Group
Saying it wants to expand the firm’s retail depth and expertise, Hines has formed a Retail Resources Group and named a managing director.