News
Kraus-Anderson Plans to Build 204-Unit Market-Rate Apartment Complex
By Gabriel Circiog, Associate Editor Kraus-Anderson Construction Co. announced plans to build a new $39 million apartment complex in downtown Minneapolis’ historic Warehouse District. Located at 800 N. Third St., the new 266,000-square-foot apartment complex was designed by locally based UrbanWorks Architecture L.L.C. Third North, a six-story complex, will feature 204 apartment units ranging in […]
Transwestern, State Farm Buy 380,000-SF Plano Office Building
By Camelia Bulea, Associate Editor Transwestern Investment Management partnered with State Farm Life Insurance Co. to purchase an approximately 379,404-square-foot Class A office building located in Plano. 5320 Legacy Drive is one of three buildings in The Campus at Legacy, which was recently redeveloped to earn Leadership in Energy and Environmental Design (LEED®) certification from […]
Kemper’s Lincoln Square Development Moves Forward With Building Permits
By Alex Girda, Associate Editor Bellevue’s Lincoln Square expansion project is set to recapture the attention of local developers and officials as the company heading the project recently applied for building permits. Kemper Development Company already has a visible presence in downtown Bellevue through its Bellevue Collection comprising Bellevue Square and Bellevue Place, as well […]
Renovation Completed at Boston Marriott Copley Place; Potential Hilton Garden Inn Hotel Pending Approval
The award-winning Boston Marriott Copley Place completed a complex renovation of guest rooms, meeting space, health club and pool areas. Conveniently located at 110 Huntington Avenue in the city’s historic Back Bay district, the hotel has been completely re-imagined over the five-year re-design process. Inspired by nature, the building’s 1,100 guestrooms were renovated under the Marriott Hotels & Resorts Refreshing Mint interior design signature palette, which combines splashes of mint green with chocolate brown hues.
University City Science Center Announces New $15 Million Mixed-Use Tower
By Veronica Grecu, Associate Editor In less than one month the University City Science Center (UCSC) will break ground on a new mixed-use tower located at the corner of 38th and Market Streets in West Philadelphia. A $15 million joint venture between the University City Science Center and Wexford Science + Technology, a private real […]
Ground Broken at 71-Acre Green Mixed-Use Project Franklin Park
By Eliza Theiss, Associate Editor Decades of sustained development continue in the Cool Springs market, a top destination for relocating Fortune 500 companies and other corporations with the groundbreaking of the unprecedented 71-acre mixed-use sustainable corporate community Franklin Park. Located on the corner of McEwen Drive and Interstate 65 in Franklin, TN, Franklin Park is […]
Nabisco Becomes U-Haul Self-Storage Location; Urban Farm Receives Grant for Solar System
By Veronica Grecu, Associate Editor AMERCO Real Estate, the parent company that owns U-Haul International based in Phoenix, AZ, has recently acquired one of Detroit’s historic buildings, the 250,000-square-foot National Biscuit Company (Nabisco) located at 899 West Baltimore Street, expanding its network of self-storage locations in the city. The company’s acquisition is part of the […]
Formal Unveiling of 1.8 MSF Devon Tower Set for Oct. 23
By Gabriel Circiog, Associate Editor The formal debut of Downtown Oklahoma City’s newest trophy property, the 50-story Devon Tower, is less than two months away. A dedication ceremony is scheduled for Oct. 23, NewsOn6.com reported. Located at 333 W. Sheridan Ave., the 1.8 million-square-foot office building serves as the headquarters for Devon Energy Corp. Designed […]
$90M Amazon Buy is Latest in Industrial REIT’s Local Spree
By Camelia Bulea, Associate Editor Denver-based Industrial Income Trust Inc. acquired a 1.26-million-square-foot Amazon distribution facility in a $90.3 million deal, the Phoenix Business Journal reported. At $71.25 per square foot, the price is the highest ever commanded by a spec industrial building in the metropolitan Phoenix market, Cushman & Wakefield Inc. told the Business Journal. […]
Bronhard Buys East Side M-F Portfolio; Arcade to Reopen
Walter L. Bronhard Real Estate has purchased seven multi-family buildings located on the East Side of Providence for approximately $5.9 million. According to the Providence Journal, the sellers are the Plushner Family Limited Partnership and 63 Realty Corp. The Providence Business News reports that the acquisition includes the four-story, mixed-use George Earle Building on Benefit St. (pictured above); the Golden Ball Inn apartment building at 19 South Court, which dates from about 1785; the 1867 John Steere House at 122 Benefit St.; a three-story apartment building at 208 Benefit St.; an eight-unit building at 26 Pitman St.; the 1839 Charles Shaw House at 134 Benefit St.; and the nine-unit building 189 Williams St.