News
Tucson’s Tallest Highrise Signs Two New Tenants
One South Church, downtown Tucson’s tallest building will accommodate two new major tenants. Global engineering firm HDR signed a lease agreement for 9,659 square feet of space and flexible work space provider Regus will occupy the entire 12,659-square-foot 12th floor.
Historic Motel and Old Town Parcel on Route 66 to Get $15.9M Makeover
A historic motel along Route 66, currently left to crumble, will get a consistent makeover as part of an ongoing plan to revitalize a section of the popular highway. The Pueblo-style El Vado Motel will begin transformation in 2016.
Inland Real Estate Corp. Pays $25M for Prairie Crossings Shopping Center in Frankfort, IL
Illinois-based real estate investment trust (REIT) Inland Real Estate Corporation, a company with $2.9 billion in assets under management and a substantial presence in the Chicago retail market, recently announced the acquisition of a power shopping center in Frankfort, Ill.
First Gulf Corp. Breaks Ground at 1401 Lawrence in Downtown Denver’s LoDo District
Canadian-based commercial developer First Gulf Corp. recently broke ground on a 22-story, 306,000-square-foot Class AA office tower in Denver’s thriving LoDo district.
MCR Development Renovates Two More Baltimore Area Hotels
MCR Development LLC, one of the largest hotel owner-operators in the country, has recently finished extensive renovations of two more Baltimore area hotels. The upgrades to the two properties are part of the company’s strategy to drive RevPAR growth through its ongoing renovation program.
October Development’s $20M Hotel and Apartment Project in Pittsburgh Receives $3M Economic Growth Initiative Grant
A $20 million redevelopment project centered around the renovation of the former ARC House building on Pittsburgh’s North Side will bring a new 120-key Comfort Inn by Choice hotel, a 300-space parking garage and a 36-unit apartment building.
Apartment Building on Sansom Street Changes Ownership in $40 Million Transaction
Roughly four months after paying nearly $29 million for the Oakwood Apartments, New York-based Pantzer Properties grabbed another residential building on the 1600 block of Sansom Street in the heart of Center City Philadelphia.
MSU Announces Year-Long Renovations for Munn Ice Arena
As the 2014-2015 NHL season kicked off this week, hockey enthusiasts in the Michigan area have one more reason to be happy about. Michigan State University (MSU) announced renovation plans for its ice hockey arena in East Lansing.
$100M Distribution Facility Brings 1,500 New Jobs to Nashville
Under Armour recently announced plans to develop a one-million-square-foot warehouse and distribution facility in the Nashville MSA that will create 1,500 new jobs over the course of five years.
INTERNATIONAL: Brookfield Multiplex to Build $187M Hospital in New South Wales
Brookfield Multiplex is set to develop the largest infrastructure project in the Bega Valley Shire in New South Wales –a new $187 million hospital.