News
$20M Boomtown Casino Hotel Breaks Ground
Hospitality continues to drive the Crescent City and it’s no surprise what with the success of the 2013 SuperBowl and the recent announcement that WrestleMania 30 is to take place at the Mercedes-Benz Superdome in 2014.
Lakewood Center North Sells for $3.4M
Lakewood Center North, the tallest office building in Cleveland’s second largest suburb, was purchased by a local investor group led by commercial real estate broker and investor Brad Kowit. According to Cuyahoga County records, the price of the transaction was $3.4 million.
The Christ Hospital to Open New Outpatient Center in Montgomery
The Christ Hospital Health Network officially announced on Thursday, February 28, it is expanding in Montgomery with a new, three-story outpatient center. Construction will begin this spring with completion expected in late 2014.
Central Y Property Redevelopment Brings Condominiums, Smaller Facility
San Francisco-based MB Property Acquisitions LLC is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facilities, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization.
According to the Pacific Business News, the developer has asked the Department of Planning and Permitting to approve a zoning change that would allow for the development of a high-density apartment mixed-use tower with a height limit of 350 feet. The area’s current limit is only 150 feet.
Camden Property Trust Expands Presence at Greenway Plaza—but Switches Buildings
By Georgiana Mihaila, Associate Editor Camden Property Trust—one of the largest publicly traded national multifamily developers—will soon be trading its office at 3 Greenway Plaza for the neighboring 11 Greenway Plaza. The company signed a lease for 86,733 square feet on floors 23 through 26 of the 31-story Class A office building. Bob Boykin, Warren […]
Adriatica Village Apartment Community in McKinney Receives $25M Loan
Developers plan to break ground on a new 211-unit apartment community in Adriatica Village, a European-inspired mixed-use town center development in McKinney, after having received $24.9 million for construction works.
Renaissance Washington Completes $30M Hotel Renovation Project
The Renaissance Washington, DC Downtown Hotel, has finished a $30 million renovation project of its rooms and suites. Renaissance Hotels is a lifestyle brand within the Marriott International, Inc.
Kimpton To Plant Its First Wisconsin Flag With 158-Key Downtown Milwaukee Hotel
Local developer HKS Holdings LLC is planning a 158-room Kimpton Hotel in Milwaukee’s Historic Third Ward. According to The Business Journal, the project has gained its first approval from the neighborhood’s Architectural Review Board.
The proposed eight-story building will be developed on the current site of a parking lot at the northeast corner of Broadway and East Chicago Street. Owned by Chicago Street Holdings LLC, the new upscale boutique property will be the first hotel in the city’s Third Ward neighborhood.
Milwaukee-based Kahler Slater Architects will design the project, which will include a rooftop bar, a fitness center, expansive meeting space, a ground-floor restaurant, as well as underground parking. Construction is expected to begin this fall.
HFF Secures $50M Refinancing for Three Central Florida Office Properties
Holliday Fenoglio Fowler, working on behalf of the borrower—a joint venture between The Praedium Group and Tower Realty Partners, Inc.—has secured $50 million in refinancing for three Central Florida office properties.
Kavanagh Advisory Group to Develop Residential, Office Space in Boston
As the Navy Yard is a National Landmark, the $16 million project designed by BH+A Architects of Boston follows the guidelines of the Historic Monument Area design, which are in agreement with the National Park Service, Massachusetts Historical Commission, Boston Landmarks Commission, and the BRA.