News
HFF and Johnson Capital Arrange Financing for Two Los Angeles Area Commercial Properties
Two commercial properties in the Los Angeles area have received financing this week, with a total of approximately $18 million in financing raised for the two assets. HFF worked on behalf of the owners of a class A specialty center in Brentwood, while a Johnson Capital team secured funds for a Pasadena retail center.
First Potomac Sells Baltimore Area Office Properties to CSG Partners for $13M
CSG Partners LLC is expanding its office portfolio. The Baltimore-based company has recently acquired a 180,000-square-foot business park in Owings Mills.
OneMain Financial Signs 11-Year Lease at Legg Mason Tower
OneMain Financial, the consumer lending arm of CitiGroup Inc., is moving closer to the water. The company has recently signed an 11-year lease at Legg Mason Tower and expects to move to the new location in the first quarter of 2015.
Johns Hopkins Completes Renovation of the Nelson/Harvey Building, Adds More Private Patient Rooms
After almost two years of construction, the renovation of the Nelson/Harvey Building at The Johns Hopkins Hospital in East Baltimore is now finally complete. The hospital held a ribbon-cutting ceremony on October 15 and moved the first patients into the new rooms on October 21.
The Baltimore Region’s Housing Market is Still Rising
The Baltimore residential real estate market had a great month of September, according to the latest Market Minute reports from Long & Foster, one of the largest real estate companies in the Mid-Atlantic region. During this period, the number of homes sold increased in most of the area.
Brookwood Trades 234 KSF Office Building in Denver
Brookwood Financial Partners has sold Denver Highlands, a nine-story, 234,423 square foot office building in Denver, three years after purchasing it from Legacy Partners.
CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago
Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.
Oden Hughes Begins Second Phase of Construction on Two South Austin Communities
Oden Hughes, an Austin-based multifamily developer, broke ground on the second phases of two communities in south Austin: Landmark Southpark and Landmark Double Creek. In total, 561 new apartments will be brought on the market.
$5M Gift from the Stavros Niarchos Foundation to Help Revive Baltimore’s Parkway Theater
Baltimore’s long-closed Parkway Theatre is getting a new chance at life. Thanks to a $5 million gift from the Stavros Niarchos Foundation, one of the world’s leading private international philanthropic organizations, Johns Hopkins University and its partners, the Maryland Institute College of Art and the Maryland Film Festival, will be able to continue work on a renovation project which will turn the historic building into a center for the study, production and exhibition of film.
ULI Special Report: Insights from NY’s Century-Long Efforts to Become a Global City
A panel of three leading experts offered insights on how the city managed to overcome challenges and create its impressive infrastructure of buildings, bridges, highways, subways, parks and airports at the 2014 Urban Land Institute Fall Meeting that was held in Manhattan in October.