News
Developer Unveils $1 Billion, Two-Tower Redevelopment Project for Boston Harbor Garage
By Veronica Grecu, Associate Editor Don Chiofaro, a real estate developer whose firm The Chiofaro Company serves the New England area, is moving forward with plans to redevelop one of the largest, privately held parking facilities in Boston. The Boston Harbor Garage sitting on a 1.3-acre parcel at the intersection of Atlantic Avenue and Milk […]
DJM Scores $93 Million in Financing as Construction Continues Unabated
By Alex Girda, Associate Editor A major retail development project in Huntington Beach recently received a serious fund injection as developer DJM landed approximately $93 million in financing. The funds were arranged by George Smith Partners Principal and Managing Director Steve Bram and Senior Vice President David Pascale. The funding is divided between a $56.5 […]
$442M Horseshoe Casino to Open in Baltimore This August
Maryland is getting ready to welcome its newest casino. Executives of Horseshoe Casino Baltimore announced last week that the grand opening of the $442 million entertainment facility is scheduled for August 26, pending regulatory approval.
Bon Jovi’s JBJ Soul Homes Project Officially Opens in Philadelphia, Receives ULI Award for Excellence
JBJ Soul Homes, one of the most advertised housing projects in Philadelphia celebrated its grand opening earlier this spring. Located on a 0.5-acre triangular block in the neighborhood of Francisville, the complex was backed by musician Jon Bon Jovi’s Project H.O.M.E. program that offers subsidized supportive housing for low-income and formerly homeless individuals and families.
Ole Miss Develops $69M Basketball Arena, U of Memphis Builds $62M Student Rec Center
Privately owned construction company BL Harbert International has announced receiving a $68.9 million contract to build the University of Mississippi Arena, the new home of the Ole Miss Basketball Teams.
Holladay Properties Announces $20M Indoor Facility on 400-Acre Sports Campus
Holladay Properties of South Bend has unveiled its plans to develop a $20 million indoor sports facility at the Grand Park Sports Campus in Westfield.
Crescent Communities Launches 320-Unit Luxury Apartments in 63-Acre Mixed-Use Development
Crescent Alexander Village, Crescent Communities’ 320-unit luxury apartment complex has opened in Charlotte, announced the developer.
Ten Northeast Ohio Rehabilitation Projects Receive More Than $20M In Historic Tax Credits
Round 12 of the Ohio Historic Preservation Tax Credit program has brought good news to 35 rehabilitation projects in 13 communities across the state of Ohio. They will receive a total of $37.7 million in tax credits. According to the Ohio Development Services Agency, these 35 projects are expected to leverage nearly $ 250 million in private investments.
JV Pays $70M for Historic South Cathedral Mansions Apartments, with Plans to Start Renovation This Fall
South Cathedral Mansions is a landmark apartment building located 2900 Connecticut Avenue, NW, in D.C.’s Woodley Park neighborhood. It was constructed in 1922 by the iconic team of Harry Wardman and Mihran Mesrobian and is currently included in both the National Register of Historic Places and the D.C. Inventory of Historic Sites. During its almost one hundred years of existence, South Cathedral Mansions only changed hands four times, the last sale taking place recently.
SPECIAL REPORT: PREI Raises Concerns: RE Valuations Could be Based on QE Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations, in its June 2014 Global Outlook.