News
tvsdesign Breaks Ground on Sizeable Campus in Charlotte
An Atlanta architectural firm is designing a sizeable campus with sustainable features in a Charlotte suburb for a financial firm.
Lyon Lands Large Lease-Up Loans for Two SoCal Properties
Lyon Communities obtained two loans for a Class A portfolio.
Spirit’s President & COO Exit Hits NNN Lease Sector
As Spirit Realty’s president & COO bids farewell, analysts ponder the ramifications for the industry.
$36M Mixed-Use Facility to Replace Plumber’s Building in Brentwood
Prince George’s County Executive Rushern L. Baker, III and other local and municipal officials were present in Brentwood, on Wednesday, February 18, for the demolition of the Plumber’s Building. The old facility at 3807 Rhode Island Avenue will make way for a new, mixed use building, with housing, retail and work space for artists.
Sanders Kicks Off Work on $17M Rehab Center
The Cincinnati area is about to get another hospital. On Monday, February 23, The Sanders Trust announced it has started work on the Reliant Norwood Rehabilitation Hospital. Construction is expected to take about 11 months, with the new facility scheduled to open in February 2016.
AK Steel Plans $36M R&D Facility in Middletown
AK Steel plans to build a new, world-class Research and Innovation Center in the city of Middletown. The West Chester-based steel company announced the project on Monday, February 23. It is expected to cost $36 million.
Ironline to Remake Warehouse as Office Space
A new adaptive-reuse project is coming to Downtown Phoenix courtesy of Ironline Partners. Hot on the heels of acquiring a warehouse/showroom located at 841 E. Jefferson St. for $3 million, the company announced plans to repurpose the asset into an office building.
Embassy Suites Hotel Debuts in Downtown OK City
Embassy Suites Hotels recently opened Embassy Suites Oklahoma City Downtown/Medical Center, the brand’s third property in the state.
Hamilton Zanze Picks Up Austin Asset No. 4
San Francisco-based real estate company Hamilton Zanze, purchased 15 multifamily assets worth over $297 million in the Western and Southwestern areas in the last 12 months; the firm continues its expansion with the acquisition of Bradford Pointe, a residential complex located in the North Central Austin submarket. The transaction represents the company’s fourth investment in Austin. The seller and the price of the acquisition remain undisclosed.
Next Role for 1929 UC Building: High-Tech Hub
The University of Cincinnati’s Campus Services Building is about to get a makeover. On February 24, the university’s Board of Trustees approved $16 million in funding to renovate the old facility at 2900 Reading Road. It will be transformed into a hub of entrepreneurial innovation, a future home for startup companies born of UC-developed technologies.