News
George Washington University to Build New 850-Bed Residence Hall
The George Washington University, the largest institution of higher education in the District of Columbia, plans to build a new, $130 million residence hall to meet the rising demand from students looking to live on the Foggy Bottom campus.
Dunkin’ Donuts to Open 16 Stores in Salt Lake City by 2018
By Alex Girda, Associate Editor Sixteen Dunkin’ Donuts locations are on their way to Salt Lake City. As part of a strategy to expand the brand in the West, an affiliate of Sizzling Platter L.L.C. plans to open the first location next year, followed by a phased rollout through 2018. In February, the Murray-based firm’s […]
Veterans Offer Rx for Healthcare Property Management
A trio of industry veterans speaking at the Institute of Real Estate Management’s fall conference last week offered a snapshot of rapid changes in healthcare, which poses a challenge for real estate owners, as well as medical professionals.
Three Majestic Redevelopment Proposals Pitched for Grand Central Station’s Upcoming Centennial
One of New York City’s most iconic places, Grand Central Station—located at 42nd Street and Park Avenue in Midtown Manhattan, is just months away from celebrating its centennial. To honor this milestone and breathe new air into this historic area, the Municipal Art Society of New York (MAS) has invited three acclaimed architectural firms—Skidmore, Owings and Merrill (SOM); Foster + Partners; and WXY Architecture + Urban Design—to propose design ideas for Grand Central and the surrounding area.
Inland Diversified JV Buys Stake in 396 KSF Connecticut Retail Center
Inland Diversified Real Estate now owns a majority interest in The Crossing at Killingly Commons in Dayville Conn., having teamed up on the purchase of the 395,500-square-foot shopping center with Dayville Unit Investors L.L.C., an affiliate of the seller.
Millicom International Leaves Fort Lauderdale Digs for Coral Gables’ 396 Alhambra
Global telecommunications company Millicom International will soon be relocating its Fort Lauderdale office to 396 Alhambra—Agave Holdings’ new mixed-use development in Coral Gables. Millicom International Services LLC, the Florida arm of Swedish-listed cellular provider Millicom International Cellular, has signed a lease for 22,280 square feet of Class A office space on two full floors in 396 Alhambra’s North Tower.
Apartment Project at RunTex Site Gets Green Light
The Austin City Council has recently approved a zoning change that allows developers to move ahead with a six-story apartment project worth $35 million in downtown Austin. Continue reading →
$25M Science Center Breaks Ground at Johnson C. Smith University
As Charlotte continues to grow, so do its educational facilities. A prime example of this is Johnson C. Smith University, which has just broken ground on a new 62,000-square-foot science center.
SL Green to Trade Minority Stake in 521 Fifth Office Building for $72M
The REIT signed an agreement to sell a 49.5 percent equity interest in the office property at 521 Fifth Ave. to Plaza Global Real Estate Partners for $72 million.
American Campus Communities to Acquire $863M in High-Quality Assets
ACC continues to add to its student housing stock around the United States, acquiring 19 properties with 12,049 beds for $863 million from affiliates of Kayne Anderson Capital Advisors L.P.