News
Upscale Gated Community in Century City Set to Expand After Land Deal
Located at the corner of Century Park West and Solar Way, the site will house ten 5,000-square-foot homes that will form The Enclave at Century Woods. The development process is set to be fast tracked and construction should begin during the next few months, with completion tentatively set for the end of next year. Along with purchasing the land from a neighboring homeowner association, CLG also acquired JMB Realty Corporation’s option to build homes there.
Microsoft’s Birthplace Converted into Apartments in $9M Redevelopment by NewLife Homes
Representatives from NewLife Homes and the Federal Home Loan Bank of Dallas (FHLB Dallas) celebrated with the Mayor of Albuquerque Richard J. Berry and other officials the official groundbreaking of the Sundowner Uhuru, a residential redevelopment of the former Sundowner Motel. The event took place on Thursday, April 18th, at 6101 Central Avenue NE.
Schneider Electric’s Fifth Research and Development Center to Open in Andover
Schneider Electric, a France-based energy technology company which employs over 130,000 worldwide, will add another facility to its network of research and development hubs that includes Grenoble (France), Bangalore (India), Monterrey (Mexico) and Shanghai (China).
St. John Properties, Inc. Reveals Plans for $100M Greenleigh at Crossroads Project in White Marsh
St. John Properties, Inc. and Somerset Construction Company unveiled plans on April 24 for a $100 million mixed-use development in Eastern Baltimore County, the next phase of Baltimore Crossroads.
Meritex, Transwestern Find Buyers for Metro Atlanta Industrial Properties
Meritex was the first to announce this week that it has managed to find a buyer for two of its office/industrial properties located in Kennesaw, Georgia.
Muted Optimism Marks CPE 100 Quarterly Sentiment Survey
Secondary markets are expected to shape investment.
$130M in Financing Secured for Manhattan’s 800 KSF Paramount Building
The Paramount Building, a landmark Manhattan office tower carrying the address of 1501 Broadway in Times Square, is among the latest assets to benefit from the lending community’s fondness for New York City.
Messer Construction Tapped for $370M OSU Project; Review Shaves Budget by $26M
The Ohio State University announced last week it has selected Messer Construction to lead the team of construction and design firms that will work on the construction and renovation of the North Residential District. The project is now expected to cost $370 million.
Graffiti Landmark 5Pointz to Be Replaced by Residential Towers
Long Island City’s 5Pointz, a 90-year-old factory building that has been serving as an outdoor exhibit space for graffiti artists around the world, is slated for demolition as the property’s owners are seeking a special permit for a zoning variance that would allow them to replace the building with two apartment towers and a luxury shopping center.
180,000-Sq.-Ft. Shopping Center Purchased by Misuma Holdings
Austin’s 180,000-square-foot shopping center, Lincoln Village, has just been purchased by veteran developers Misuma Holdings for an undisclosed sum. The new owner has not made public its plans regarding the repositioning of the acquisition, but the involved parties can await consistent changes throughout the year. Among the current tenants are Chase Bank, Gold’s Gym, the Marchesa Theater and Men’s Warehouse.