News
Seattle’s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties
As the city skyrockets in terms of development, a big change was recently announced to its skyline. Earlier this week, local developer Greg Smith expressed plans to build the city’s tallest building, setting a new bar for new developments in terms of both height and ambition. According to the Puget Sound Business Journal, should the development come to reality, the process would be time consuming as the necessary design approvals and paperwork would take at least a year.
Radisson Opens the Radisson Cincinnati North CoCo Key Water Resort
The Radisson Cincinnati North CoCo Key Water Resort opened last month. The full-service hotel boasts a 50,000 square foot indoor water park and is scheduled to undergo a comprehensive renovation project in the second quarter of 2014. It will remain open during the renovation.
Summit Realty to Manage Leasing of 673,000 SF BMO Plaza in Downtown Indianapolis
True North Management Group LLC has selected Cushman & Wakefield / Summit Realty Group to handle marketing and leasing activities for the 673,000-square-foot BMO Plaza office building in downtown Indianapolis.
Swedish Retailer IKEA Announces Plans for a 380,000 SF Store in St. Louis
Popular Swedish retailer IKEA recently announced it is submitting plans to the City of St. Louis for a store that will increase its presence in the Midwestern United States. A Kansas City-area store is already under construction and is on track to open in the fall of 2014 in Merriam, Kansas.
Deal to Sell AutoZone Has $20M Price Tag and $20M Improvements Commitment
Things are heating up the Bluff City with what could be the most high-impact deal for the city reaching the 11th hour: the sale of the AutoZone Park and Memphis Redbirds minor league baseball team and franchise.
Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating
The Howard Hughes Corporation’s massive Ward Village mixed-use residential community in Honolulu has been awarded LEED Neighborhood Development Platinum certification.
Hines Tapped to Manage 1001 McKinney; Groundbreaking Set for Mid-Main Project
Silverpeak Real Estate Partners and Cameron Management tapped Hines, the international real estate company, to handle property management for 1001 McKinney, a 23-story building in the heart of downtown Houston.
Grandbridge Finances $27.8M Senior Living Development
Charlotte, N.C.-based Grandbridge Real Estate Capital LLC, a subsidiary of Branch Banking and Trust Company, recently announced it has closed a $27,820,000 first mortgage construction/permanent loan secured by The Waters on Mayowood.
Harwood to Break Ground on Class AA Uptown Tower
Global real estate developer and investor Harwood International plans to break ground on Frost Tower, a 22-story build-to-suit office project in Uptown Dallas. The naming tenant, Frost Bank, is Texas’ premier banking, investments and insurance company with more than $21 billion in assets.
Washington Post HQ to Be Sold for $159M to Carr Properties
The Washington Post, the most widely circulated newspaper published in the District, changed its owner this year and it seems it’s getting ready to also change its location. Graham Holdings, the daily newspaper’s former owner, has recently announced it will sell the headquarters building in downtown Washington, D.C. to Carr Properties, a local real estate investment company.