News
Banner Health Group Starts $45M East Valley Expansion
Banner Health Group is expanding its East Valley presence with a $45.2 million quartet of healthcare centers in Chandler, Gilbert, Mesa and Queen Creek. The Phoenix-based company broke ground Oct. 24 on all four facilities, the East Valley Tribune reported.
Amerimar Enterprises Acquires Key Telecom Carrier Hotel in Kansas City
Real estate development, investment and management firm, Amerimar Enterprises Inc. announced it has acquired 1102 Grand Avenue, a fiber-rich building located in downtown Kansas City. Amerimar Enterprises partnered with telecom industry veteran Hunter Newby to own and operate the property.
Harvard Reveals Massive Renovation and Expansion Plans in Allston
Harvard University, the oldest institution of higher education in the United States, announced plans to expand its footprint in the Allston neighborhood of Boston with nine development projects encompassing nearly one million square feet of new building space and around half a million square feet of renovation.
BSF Develops $138M Industrial Plant in Louisiana
Florham Park, N. J.-based BSF Corp. has broken ground on the Geismar formic acid plant, in its third largest investment in the past two years.
UWM Kicks off $75M Research Center; Bucks Extend Lease
The University of Wisconsin-Milwaukee (UWM) broke ground on a $75 million research center on Milwaukee’s East Side that represents the university’s largest-ever investment in a single building. Located northwest of Kenwood Blvd. and Maryland Ave., the 93,000-square-foot Kenwood Interdisciplinary Research Complex will be anchored by the physics department and include offices, research labs and instructional space. Upon completion in early 2015, it will be the first new academic facility on the university’s main campus in more than a decade. The new center represents the first phase of a complex that will eventually expand to a second building on the southeast corner of Kenwood Boulevard and Maryland Avenue.
Inner Baltimore’s Harborplace Sold to Ashkenazy Acquisition Corporation
Mayor Stephanie Rawlings-Blake announced on October 23 that the Baltimore waterfront’s iconic Harborplace has been sold to the Ashkenazy Acquisition Corporation. The New York real estate investment firm acquired the Inner Harbor complex from General Growth Properties. The sale price was not disclosed and representatives from both companies declined to comment.
CoStar Moves to Buckhead; Highwoods Signs Two New Tenants at 2800 Century Center
CoStar Group, Inc. will soon be headed to Buckhead, as the commercial real estate services provider recently signed a lease for 26,800 square feet at Phipps Tower.
Trilogy Acquires 408-unit M-F Complex in Owasso for $32M
Chicago-based Trilogy Real Estate Group has purchased the Villas at Bailey Ranch, a 408-unit apartment complex in Owasso, for $31.8 million.
CNN’s DC Home Trades for $107M
The 298,500-square-foot office building at 820 First St. in the northeast sector of Washington, D.C., has come under new ownership.
Scott Felder Homes Selected as Builder for Havenwood Community
Austin-based Scott Felder Homes will serve as the recommended builder for the Havenwood community, following a strategic relationship with SouthStar Communities, a residential real estate development company and owner of the master-planned community located in New Braunfels.