News
Large South Baltimore Multifamily Portfolio on The Market
Another large Baltimore-area multifamily portfolio is on the market. The 132-unit Curtis Bay Village, located off Route 173 in Curtis Bay, is looking for new owners.
George Washington University Selects Skanska USA to Develop Square 75A
Square 75A, the 2100 block of Pennsylvania Avenue, will be the new home of a trophy office building. The George Washington University has selected Skanska USA Commercial Development Inc. to develop the project.
Lincoln Property Sells 3-Building Office Asset in Orange County for $94M
Nearly three years after acquiring One Pacific Plaza through a receivership sale, Lincoln Property Co. and GEM Realty Capital have sold the three-building, Class A, Orange County office property to Prudential Real Estate Investors for $94 million.
Economy Watch: Existing Home Sales Rise in April; Home Price Growth Slows
Total existing-home sales rose 1.3 percent in April compared to March. National home values fell 0.1 percent in April compared with March to $170,200.
Hudson News Distributors Sells 475 KSF HQ in North Bergen, NJ
Print media giant Hudson News Distributors has sold its long-time 23-acre headquarters in North Bergen, N.J., to Bergen Logistics, and leased a new space in Parsippany, N.J.
Failed Marina View Project on Columbus Blvd. Comes Back to Life as 250-Unit Residential Building
PMC Property Group plans to revitalize 230 N. Christopher Columbus Boulevard, one of the many vacant parcels near the Benjamin Franklin Bridge in Philadelphia’s Penn’s Landing District
Village Green Breaks Ground on Major Apartment Development in Downtown Pittsburgh
Village Green Cos. of Detroit has recently celebrated the groundbreaking of Morrow Park City Apartments, one of the largest new residential rental buildings in the city’s East End.
Carlyle Group to Acquire Majority Stake in Talent Partners
The Carlyle Group has entered into an agreement to acquire a majority interest in Talent Partners, a talent payroll, production support services and rights management solutions provider to the advertising industry.
ARC to Sell Multi-Tenant Shopping Center Portfolio to Blackstone
Looking to pay the bill for the Red Lobster sale-leaseback deal, American Realty Capital Properties said it intends to sell most of its multi-tenant shopping center portfolio to a Blackstone fund for $2 billion in cash.
Quicken Loans Starts Construction on 66,000 Sq. Ft. Technology/Data Center Outside Detroit’s CBD
The site of a former industrial building sitting at the corner of Rosa parks Boulevard and porter Street in the Corktown neighborhood of Detroit is being redeveloped into a new technology center by online mortgage lender Quicken Loans Inc. and its affiliate Bedrock Real Estate Services LLC.