News
Golub & Co. Breaks Ground on 45-Story Apartment Building in Chicago’s Streeterville
A joint venture between Golub & Co. and GID has broken ground on a 45-story apartment high-rise, at 545 N. McClurg Court in Chicago’s Streeterville neighborhood.
Economy Watch: Consumer Price Index, Architects
The Consumer Price Index for all urban consumers increased by 0.1 in September month over month. The Architecture Billings Index for September was up 2.2 percent compared to August.
National Products Building Goes Residential, Keeps Historic Orange-Tiled Façade
By Veronica Grecu, Associate Editor After several redevelopment attempts that failed throughout the years since 2003, a group of developers plans to transform the block of six buildings located in Philadelphia’s historic Old City neighborhood between 2nd and Arch Street and within walking distance from one of the nation’s oldest blocks, Elfreth’s Alley. The former […]
Kresge Foundation’s $5 Million Initiative Supports Transformation of Detroit Neighborhoods
By Veronica Grecu, Associate Editor Now that the revitalization effort in Detroit’s financial core is building momentum—the M-1 RAIL Streetcar project broke ground recently as an unprecedented, $140 million venture between privately held businesses, philanthropic organizations and local authorities—solutions are being put on the table to help the city’s communities and neighborhoods rise from blight and […]
State Approves $10M Subsidy Package for Pittsburgh’s Almono-Hazelwood Brownfield
By Adriana Pop, Associate Editor Pennsylvania Gov. Tom Corbett has announced $10 million in state funding to help support the approximately $1 billion redevelopment of the former LTV Steel site along the Monongahela River in Hazelwood. The subsidies, which include a $5 million Economic Growth Initiative grant and a $5 million Transportation Economic Development Fund […]
DRA Advisors and Bell Partners Sell 706 Multifamily Units to Lone Star Funds
Lone Star Funds has seemingly taken a liking to the Nashville real estate market. Following the recent acquisition of two Nashville area hotels, the company has now acquired two multifamily properties
London’s 90 North Enters North American Market with $750M to Invest
London-based 90 North Real Estate Partners comes across the pond to the U.S. to make its entrée into the North American market.
888 San Mateo Receives LEED Platinum Certification from the US Green Building Council
A residential community in San Mateo was recently awarded LEED Platinum certification by the United States Green Building Council. 888 San Mateo is a residential community owned and developed by the Sares Regis Group of Northern California. The announcement means that 888 San Mateo is only the sixth residential community in the country with over 150 units to garner the certification.
Radisson Hotel Schaumburg to Open in Suburban Chicago in 2015
Radisson, a subsidiary of the Carlson Rezidor Hotel Group, recently announced the signing of the Radisson Hotel Schaumburg, a 137-room hotel to open in 2015 in Schaumburg, Ill.
RADCO Pays $28.2M for Summit at Thornton Apartment Community in Metro Denver
The RADCO Companies recently announced the purchase of Summit at Thornton, a 322-unit apartment community in Thornton, Adams County, Co.