News
Wanda Group to Build $1.2B MXD in LA
Chinese conglomerate the Wanda Group has outbid numerous other parties for a prime site in Beverly Hills, on which it plans to build a mixed-use project.
Economy Watch: Fannie, Freddie Performance; Labor Productivity
Both Fannie Mae and Freddie Mac reported their second quarter numbers on Friday, and the Bureau of Labor Statistics reported labor productivity results.
ASU Taps Gould Evans, HNTB for Sun Devil Stadium Makeover
Arizona State University recently announced it selected Gould Evans and HNTB Corporation to lead the architectural and design renovations of its Sun Devil Stadium. This decision comes after a public request for qualifications.
Koch Nitrogen Plans Mid-September Start for $1.3B Plant Expansion in Enid
Koch Nitrogen LLC, a Koch Industries Inc. subsidiary announced plans to begin work on a massive expansion project at its fertilizer facility in Enid, Oklahoma.
AVANA Capital, Middletown Hotel Management Team on Hotel/Event Center in West Chester
West Chester is getting a new, modern hotel and event center. The project is called Center Park and is developed by Middletown Hotel Management, in partnership with AVANA Capital, a commercial real estate lending company based in Arizona.
The Stack Shows How Modular Construction Could Solve NYC’s Housing Crisis
Now that New York City’s housing shortage has grown into a veritable crisis, real estate developers lend a helping hand by implementing innovative designs and cost effective construction technology in their multifamily projects.
Beacon Communities, PCA Transform Historic Ames Shovel Works into 113-Unit Rental Complex
Boston-based developer Beacon Communities completed a $46 million revitalization project at the Ames Shovel Works, a 19thcentury industrial complex in North Easton, Ma., that was listed as one of the 11 most endangered historic sites in the U.S.
Burbank Office Property Acquired by Granite Properties in $49 Million Deal
A Burbank office building was recently acquired by Granite Properties as the company expanded its SoCal office portfolio past the one million square feet mark. The buyer paid Legacy Partners Realty Fund I LLC a fee of $49 million for the asset located in the city’s Media District. Legacy Partners was represented by Kevin Shannon, Tom Bollinger and Michael Longo of CBRE, while Granite Properties was represented by its own employees, Paul Bennett and Tom Miller.
More Industrial Properties Change Hands in the Greater Baltimore Area
The hot Baltimore industrial market continues to attract more and more investors and it seems that hardly a week can go by without at least one important transaction in the metro area.
$25M ShopRite Supermarket Opens in Baltimore’s Howard Park Neighborhood, Brings 250 New Jobs
A new supermarket is now open in Baltimore. ShopRite of Howard Park is the largest grocery store in the city and the first to be constructed in the Howard Park area since 1999. It is also the first supermarket opened by Klein’s Family Markets in Baltimore City.