News
Akridge, Long Wharf Real Estate Partners Buy Alexandria Office Building
Akridge announced on Monday, June 16, that it has partnered with Long Wharf Real Estate Partners to reacquire the four-story office building at 2800 Eisenhower Avenue, in Alexandria’s Carlyle/Eisenhower Submarket. The price of the transaction was not disclosed.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
LaSalle Hotel Properties Wraps $93M Sale of Hilton Alexandria Old Town
The Bethesda-based REIT, which announced the sale earlier this month, acquired the 246-key hotel in 2004 for $59 million.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
Economy Watch: Fed to Keep Tapering Stimulus, Predicts Slower Growth in 2014
The central bank will reduce purchases of agency-backed securities and Treasuries in July, and also said that the harsh winter would trim growth to between 2.1 percent and 2.3 percent this year.
Movie Tavern to Open New Theater Complex in Flourtown
Three years after opening its first location in the Delaware Valley, dinner&cinema chain Movie Tavern announced plans to expand its footprint in the area with a second theater in Montgomery County’s Flourtown, a small community in North Philadelphia.
New Office Complex Going Up on Pittsburgh International Airport Property in Findlay
Oxford Development Company is planning the construction of up to 100,000 square feet of speculative flex office space in Findlay Township.
Bank of Ann Arbor Is Approved for $4.2 Million Expansion
The Ann Arbor city council unanimously approved a $4.2 million expansion project of the Bank of Ann Arbor Headquarters and Branch Office located at the northeast corner of South Fifth Avenue and East Washington Street.
1,156-Car Parking Facility Will Rise Next to LEED Platinum Project
Downtown Nashville is on its way to get a swanky new parking lot that would boost downtown parking spaces by six percent – a welcome addition, as the Nashville Downtown Partnership estimates that 20,000 parking spaces are available in downtown core, whereas 35,000 people work in the area with the city’s tourist influx making the parking shortage even more acute
Sundt to Manage Construction of Science Building at SCCD’s National City Campus
The latest building of the Southwestern Community College District is finally underway as the school has announced its developer choice for a new science building. SCCD has selected Sundt Construction to carry out the construction process at the college’s Higher Education Center located in San Diego’s National City. Sundt was named Construction Manager at Risk for the new science building project in which the school will be investing around $15.3 million.