News
Transit-Oriented Mixed-Use Project in Palo Alto Secures Financing from Canyon Realty
A transit-oriented development project is now underway after financing provider Canyon Capital Realty Advisors secured a loan on behalf of the developers. College Terrace Centre LLC is set to begin work on its project, a mixed-use development located near Stanford University and Stanford Research Park in Palo Alto. Handling development duties for the project will be developed by Redwood City-based, Twenty-One Hundred Ventures LLC.
BYTEGRID Holdings LLC Acquires 70,000 SF Data Center in Aurora
BYTEGRID Holdings LLC recently announced the acquisition of a 70,000-square-foot, Tier III data center in Aurora, Ill.
Pathfinder Partners Acquires M-U Development in Denver
San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.
BRA Approves160-Unit Rental Building at 600 Harrison Avenue
A development proposal to build an apartment building at the corner of Harrison Avenue and Malden Street in Boston’s South End District was green lighted last week by the Boston Redevelopment Authority.
Philadelphia Listed Among Top 10 Cities for Green Meetings
Though in recent years the meetings and events industry was badly impacted by the economic downturn, this sector is trying to regain its well-deserved place among the best performing industries in the country. To underscore these efforts, GreenBiz.com recently announced the Top Ten U.S. Cities for Green Meetings, a list developed based on industry standards for sustainable meetings and convention practices.
Non-Profit Continues Blight Fight in Brightmoor
The Detroit Blight Authority, a public-private initiative funded in 2013 and led by Bill Pulte, managing partner of private equity fund Pulte Capital Partners LLC, is moving forward with its plan to eradicate blight in Detroit.
August Wilson Center in Downtown Pittsburgh Could Be Liquidated
A court-appointed conservator recommends that the August Wilson Center for African American Culture in downtown Pittsburgh be sold and its assets liquidated.
Luxury Apartments Headed for Record-Breaking Sales, $50M Westmont Apartments Set to Break Ground
Following the recent $51.25 million sale of the 244-unit West End Village, it looks like record-breaking is in the air for Nashville’s apartment market.
Magnum/40 North J-V to Develop Student Housing in Manhattan
The School of Visual Arts, one of the largest independently regionally accredited art colleges in the country, will add a new dormitory building to its campus in the Kips Bay neighborhood of Manhattan.
WeWork Joins Boston Startup Madness with Two Shared Offices
Judging by the number of large companies that recently moved in Boston’s buzzing Financial District or are building their own high-profile business centers in the fast-growing Seaport District, the Hub is one of the cities that almost fully recovered from the economic downturn. While this translates into big cash revenue for the city, low vacancy rates and soaring rents have forced small-sized businesses reconsider their options for office spaces.