News
INTERNATIONAL: Omniyat Breaks Ground on $680M Luxury Residential Tower in Dubai
Omniyat Group has broken ground on a 25-story residential megaproject in Dubai.
Berkshire JV Breaks Ground on One Seaport Square in Boston
Development of a 1.5 million-square-foot mixed-use project in the burgeoning Seaport Square neighborhood of Boston has kicked off with a groundbreaking ceremony.
American Realty Advisors Pays $100M for M-F Asset in L.A.’s Silicon Beach
ARA, a Los Angeles-based institutional investment manager bought the high-end,196-unit property in western Los Angeles’ “Silicon Beach” district.
TIAA-CREF, Norges Bank Buy Hall of the Americas
One might surmise that not since the start of the Viking Era in the eighth century has a Nordic invasion of this magnitude been seen, though this one uses joint ventures rather than long ships.
Miami Worldcenter to Add 60-Story Condominium Tower
Miami Worldcenter will soon be adding Paramount Worldcenter, a 60-story condominium that will sit above retail giants Macy’s and Bloomingdale’s in Miami’s noteworthy mixed-use complex.
Economy Watch: Retail Sales, Mortgage Delinquencies, Consumer Sentiment
Americans increased their retail and food service spending by 0.3 percent in October compared with September. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to 5.85 percent at the end of the third quarter of 2014. Though consumers are still a little edgy about current conditions, their expectations are more optimistic now.
Ronald McDonald House Charities Of Baltimore To Move To A Larger Location, In Jonestown
The Ronald McDonald House Charities of Baltimore is moving to the Jonestown neighborhood. The non-profit corporation recently announced its plan to relocate to a new, larger building, to be constructed at 1200 E. Baltimore Street.
W. R. Grace & Co. Opens New, LEED Silver Certified Headquarters in Columbia
On October 30, W. R. Grace & Co. celebrated the opening of its new global headquarters building. The new facility is the centerpiece of the Maryland–based chemical conglomerate’s 160-acre campus in Columbia.
Chesapeake Plywood Buys Warehouse in Baltimore’s Orangeville Industrial Area for $3M
A warehouse in Baltimore City’s Orangeville Industrial Area has recently changed hands. Chesapeake Plywood paid $3 million to purchase the property at 3400 E. Biddle Street from Miller Investments. Alan Coppola of NAI KLNB represented the buyer, while Justin Mohler of CBRE represented the seller.
Harlem’s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building
A development team is breathing new life into the dilapidated Public Scholl 186 building, one of Harlem’s architectural beauties that has been sitting vacant for nearly four decades.