News
ARCP Releases Six Quarters of Restated Financials
Following a whirlwind of events, including plummeting of stock, and a handful of top resignations, American Realty Capital Properties Inc. released its restated financial results.
Transwestern to Market West End Office Building
The nine-story mixed-use office building at 1250 23rd St., NW, in Washington, D.C.’s West End submarket, is looking for new owners. Transwestern has recently announced it has been retained to market the property, which is currently fully leased, to a mix of tenants with an average lease term of more than 10 years.
Rebranded Battery Wharf Hotel Changes Ownership, Joins LHW Party
One of Boston’s luxury hotels situated directly on the North End waterfront has been sold and is now operating under a new brand.
State Selects Developer for Massive Reconversion of Former Psychiatric Campus in the Bronx
A state-owned, 33-acre site at 1500 Waters Place in the Morris Park section of the Bronx has found a new owner and is preparing for redevelopment.
Joint Venture Builds 370 KSF Spec Warehouse on Infill Site
By Balazs Szekely, Associate Editor Oakmont Industrial Group’s programmatic joint venture with The Carlyle Group recently announced the acquisition of a 35-acre infill land in Atlanta. The partnerships plan is to develop a 370,000 square-foot spec warehouse. Founded in 1996, Oakmont is a locally-based fully integrated industrial real estate investment, development and management company with […]
Economy Watch: Restaurant Expansion = Good News for Restaurant Landlords
The restaurant industry continued its expansion in January, indicating absorption of restaurant space and the construction of new locations.
77 Playgrounds to be Built, Refurbished through Mayor Emanuel’s Chicago Plays! Program in 2015
Mayor Rahm Emanuel, together with city officials and the Chicago Park District has announced that 77 playgrounds will be built or refurbished in parks across the city in 2015 through the City’s Chicago Plays! program.
Revisited Plans for Multifamily Tower in Fenway OK’ed for Development
Developer Samuels & Associates got the green light to begin a complex transformation project of the gritty corner of Brookline Avenue, Boylston Street and Park Drive in Boston’s Fenway neighborhood.
South Park Business Improvement Lands Major Victory with Sidewalk Initiative
The South Park Business Improvement has been very effective in its efforts to address the issues city sidewalks present the booming area of downtown. BID has received a great deal of assistance from Councilman José Huizar, as well as the Los Angeles Board of Public Works, and the Bureau of Engineering and Bureau of Street Services. Through this support system, the BID had the conditions to fund a pilot program with 800 sidewalk locations being improved in terms of safety and being brought to the specifications of the Americans with Disabilities Act.
International: AXA to Transform Troubled London Address into Landmark Tower
AXA Real Estate Investment Managers is the proud new owner of a famed London site on which it will build a new tower.