News
SugarHouse Casino Kicks Off $164 Million Expansion Project
Almost four years after it celebrated its grand opening, the first casino to operate in Philadelphia broke ground on a long-planned $164 million expansion project that is expected to generate hundreds of new jobs and millions in economic benefits for the city.
INTERNATIONAL: Kempinski Hotels Buys Famed ‘Hotel Rwanda’
Kempinski Hotels has bought the iconic Hôtel Des Milles Collines in the capital city of Kigali, Rwanda that was made famous by the film “Hotel Rwanda” in the early 2000’s.
Stalled DuCharme Place Project in Lafayette Park to Reemerge as 185-Unit Residential Community
Ten years since architects came up with design plans for a town home community in Lafayette Park, the DuCharme Place residential project is ready to take off—this time with a scaled-down design and backed by a $5 million tax increment awarded by the Detroit Brownfield Redevelopment Authority.
Ambling University Development Plans Major Apartment Community in Pittsburgh
One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.
Blackstone to Acquire Majority Stake in Service King Collision Repair Centers from Carlyle
Two years after its acquisition of Service King Collision Repair Centers helped drive growth of the firm into one of the nation’s largest independent chains of automobile body repair centers, The Carlyle Group has sold its majority stake to Blackstone.
Ramco-Gershenson Grabs 2 Midwestern Malls for $150M
Ramco-Gershenson Properties Trust has acquired two community shopping centers, one in the Twin Cities area and the other in metro Cincinnati, for $150 million.
Economy Watch: Mortgages in Foreclosure Drop Steeply Since ’13; Architects Busier; IMF Lowers U.S. Growth Forecast
The number of delinquent U.S. residential loans is down 15 percent year over year. The Architecture Billings Index is signaling improving conditions for the design and construction industry. The International Monetary Fund is cutting its prediction of U.S. GDP growth for 2014 from 2 percent to 1.7 percent.
Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification
The San Francisco 49ers are moving to Santa Clara, as the newly-completed Levi’s Stadium will be the home of the NFL franchise starting with the upcoming season.
Construction Begins On Chicago’s New Wolf Point West Tower
Chicago officials gathered on July 18th to celebrate the start of construction on a new 48-story luxury residential tower. Developed by Hines in partnership with the Magellan Development Group, the building will be part of a larger master plan designed by Connecticut-based Pelli Clarke Pelli Architects
New Class AA Spec Building Coming To Denver’s Belleview Station
One Belleview Station, a Class AA, LEED Gold office building is coming to Denver’s downtown district. The transit-oriented, 16-story building will feature 310,000 square feet of office space and is a rare speculative development in the Denver area.