News
Economy Watch: The State of the Economy, Big Bank Regulation
The Federal Reserve released the latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District”; and regulators finalized a final rule about big-bank liquidity.
Burlington City Waterfront Revitalization to Start with 183-Unit Residential Community
Burlington City’s bleak waterfront is set for a major transformation as the Common Council recently unveiled plans for a new residential development near the Delaware River in the city’s historic district.
Franklin Partners Launches $3.5 M Renovations at Grand Rapids’ Historic 25 Ottawa Building
Franklin Partners , the owner of a six-story building in downtown Grand Rapids, broke ground on a complete transformation process that will bring back the 124-year-old structure to the city’s office market.
North Shore Place II in Pittsburgh Signs First Office Tenant; Buncher No Longer Involved in Redeveloping Strip District’s Produce Terminal
North Shore Place II, which is part of the new 120,000-square-foot mixed-use development between PNC Park and Heinz Field in Pittsburgh, has signed its first office tenant.
$75M Crescendo Set for 2015 Groundbreaking; Northstar Income II Invests in $98M SoBro Project
Division Street Land Partners LLC, the entity behind the highly-anticipated Crescendo mixed-use project in the Gulch has revealed a spring 2015 groundbreaking for the 23-story development
Gaia Real Estate Takes Over 144-Unit Portfolio at The Corinthian in $147 Million Transaction
Massey Knakal Realty Services announced the sale and financing of a big portfolio of apartments in The Corinthian, a huge residential tower located a full block front of First Avenue between East 37th Street and East 38th Street in the Murray Hill neighborhood of Manhattan.
GE Healthcare to Join Biotech Cluster in Marlborough, Add Hundreds of Jobs in the Area
In a few years Massachusetts could become the next Silicon Valley of biotechnology and bio-pharmaceutics, judging by the growing number of businesses that choose to relocate or consolidate their presence here.
KB Homes Acquires Land in Sunnyvale, Unveils Latest Residential Project in the Area
Part of an increasingly aggressive development policy in The Bay Area, KB Homes recently announced the purchase of a plot of land in Sunnyvale and its development strategy for the property. The home builder has announced that the site will house a new housing community called Solaire. The company has rolled out its plans for its new location at the heart of Silicon Valley where the entity has planned to build 47 homes that would be added to the area’s housing stock.
Hearn Acquires 1.4M-Sq. Ft. Three First National Plaza in Downtown Chicago
In an effort to further expand its Chicago portfolio, Hearn has acquired the iconic Three First National Plaza office tower in a joint venture with GEM Realty Capital and Farallon Capital Management.
D’Agostino Cos. Breaks Ground for The Offices at Sam Houston in West Belt Submarket
In January, 2014, D’Agostino Companies proposed the development of a four-story, 113,000-square-foot office property at the corner of Sam Houston Park Drive and Houston Oakes Drive. They had tapped CBRE to handle the leasing of the asset and they had stated that development would start as soon as the property is at least 25 percent preleased. After eight months and already having more than 50 percent of the asset preleased, D’Agostino Companies recently broke ground on The Offices at Sam Houston.