News
One Santa Fe Tops Out—Transit-Oriented Community is Just One Year from Completion
One of the most high-profile mixed-use projects in the entire downtown area recently reached an important milestone recently as One Santa Fe topped out. The development constitutes a $160 million investment made by a joint venture between Goldman Sachs Urban Investment Group and McGregor, Cowley and Polis. Construction duties for the project are being carried out by local developer, Bernards.
118 Luxury Condos under Construction at Boston’s Fan Pier
A new luxury residential project that recently broke ground in Boston shows that the city’s housing market is doing better after a few years of economic decline. Twenty Two Liberty is the first high-end condominium tower to be built in the Hub in four years and it’s located at Fan Pier, a $3 billion joint venture between The Fallon Company and MassMutual and Cornerstone Real Estate Advisers as financial advisers.
InterPark Completes the Purchase of 300 E. Pratt, Starts Hunt for Development Partner for the Site
By Adrian Maties, Associate Editor InterPark, LLC, the largest owner, operator and developer of parking facilities in North America, has completed its purchase of 300 E. Pratt in Baltimore’s Central Business District. The Chicago–based company plans to develop the site, considered the best remaining developable parcel of open land in Baltimore’s Inner Harbor, into a mixed-use […]
Chatham Lodging Buys 160-Key Spring Hill Suites in Savannah
Marking its third acquisition this quarter, Chatham Lodging Trust has purchased SpringHill Suites by Marriott Savannah Downtown/Historic District.
Radnor’s 38Chestnut Apartment Project Finally Breaks Ground in University City
An groundbreaking ceremony that was held this week at the Episcopal Cathedral site in the University City district marked the official start of construction at 38Chestnut, a long-awaited high-rise apartment tower targeting graduate students and young professionals.
Wayne State University’s Student Center Set for $18 Million Renovation
As the number of students who choose to live on campus grows larger, the Wayne State University Board of Governors approved a much-needed $18 million renovation for the existing Student Center.
DIC Group Sells Office Tower in Frankfurt Financial District for $211M
Leading German commercial real estate investor DIC has sold the MainTor Porta office tower to Union Investment Real Estate GMBH for approximately $211 million.
NGL Acquires Gavilon’s Energy Business for $890M
NGL Energy Partners LP recently announced it has completed the acquisition of all of the equity interests of Gavilon LLC, the diversified midstream energy business owned by funds managed by Ospraie Management, General Atlantic and Soros Fund Management.
Rugby Realty Acquires Iconic Koppers Building in Downtown Pittsburgh
Rugby Realty has acquired the 34-story Koppers Tower in downtown Pittsburgh from Koppers Building Holdings, Inc. According to the Pittsburgh Post-Gazette, the New Rochelle, N.Y.-based company paid $17.2 million to purchase the 360,000-square-foot historic building at the corner of Grant Street and Seventh Avenue.
Standard Parking Signs Lease in Dynamic Nashville Office Market
Standard Parking Corporation, a leading national provider of parking facility management services, has inked a lease at Riverview Business Center I and II, bringing the location to full capacity