News
Plans Move Forward for $72M Mixed-Use Project on Maui
The Maui Planning Commission has recently approved the final environmental assessment for a $72 million mixed-use development in Kihei, one of the island’s most populated communities.
According to the Maui News, Krausz Companies Inc. will not need to conduct an environmental impact statement for the 250,000 square-foot Downtown Kihei project.
Massive 2,100-Acre Houston Development Site Hits the Market
The Sam Houston Area Council of the Boy Scouts of America is looking to sell its massive 2100+-acre Camp Strake property on the market, considered to be one of the largest available contiguous land parcels currently available in the Houston metropolitan area.
Long-Empty 1600 Pacific Tower May Be Redeveloped
1600 Pacific Tower in downtown Dallas, a 33-story skyscraper that has been empty for years, could change hands this summer. Current owner, Ricchi Dallas Investments is expected to sell the partially renovated property to New Orleans-based HRI Properties, which is considered to be one of the most experienced historic building renovators in the country.
Campus Apartments, Howard University to Develop $107M Student Housing Project
Campus Apartments, LLC, the oldest and one of the largest privately held student housing companies in the nation, announced on March 19 it will develop two new on-campus residential facilities for the Howard University. The project has an estimated cost of $107 million and is expected to energize the southeast core of the campus.
Winter Park’s University Plaza Shopping Center Gets $10.5M Financing
Holliday Fenoglio Fowler, working exclusively on behalf of borrower North American Development Group, has recently arranged $10.5 million in financing for the grocery-anchored University Plaza shopping center in Winter Park.
Alternative Apparel Extends Norcross Lease to 131,000 Sq. Ft.
Clothing brand Alternative Apparel has chosen to consolidate and expand its headquarters at Indian Brooks business park in Norcross, Ga., having recently signed a long-term, 131,000-square-foot lease renewal.
IKEA to Expand Existing Boston-Area Store
Swedish furniture giant IKEA is planning to expand its Stoughton, MA self-serve store by nearly 59,000 square feet, the company announced last week.
St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA
St. John Properties, Inc. has announced it started construction activities on five new speculative office buildings in the Greater Baltimore and Northern Virginia areas. Even though there has been little speculative office construction in recent years, the company is confident demand will rise and that it will find tenants to occupy the 320,000 square feet of space.
Alliance Picks Up Chicago’s Burnham Center for $95M
Alliance Partners has acquired downtown Chicago’s 580,000-square-foot Burnham Center office building from Harbor Group International for $94.6 million.
$10B Development Project in Ghana to Feature Tallest Building in Africa
One of the most ambitious development initiatives on the African continent, Hope City Development, recently held a sod cutting ceremony, in the presence of a number of state officials and business partners of the massive project.