News
Caesars, Rock Gaming Granted License to Build and Operate $300M Baltimore Casino
By Adrian Maties, Associate Editor Caesars Entertainment Corporation has announced that CBAC Gaming, LLC, the investment group led by Caesars and Rock Gaming, has received a license from the State of Maryland Video Lottery Facility Location Commission to operate a video lottery terminal (VLT) facility in downtown Baltimore. CBAC Gaming plans to build Harrah’s Baltimore, […]
Saint-Gobain, YouthBuild Complete First LEED Platinum Renovation Project in Philadelphia
By Veronica Grecu, Associate Editor A team of YouthBuild Philadelphia students and volunteers from the Saint-Gobain Corporation Foundation completed the renovation in Germantown, the first project of a three-year national partnership that provides professional development opportunities for out-of-school young adults. The project, which envisioned a thorough rehab of 4620 Greene Street to achieve U.S. Green […]
Shaner Group Restarts Foreclosed O’Hara Condo Development
By Adriana Pop, Associate Editor State College-based Shaner Capital LP has restarted a 53-unit condominium project in the Allegheny riverfront development of Chapel Harbor in O’Hara Township. The former Marbella project was stalled after its original developer, the Zambrano Corp., filed for bankruptcy in 2009. The Pittsburgh Post-Gazette reports that the Shaner Group acquired the […]
255-Key Hyatt Place Breaks Ground
By Eliza Theiss, Associate Editor Thanks to Music City Center, Nashville’s ambitious 19-acre downtown convention center scheduled to open next year, investors have flocked to Nashville’s downtown area to develop hotel property after hotel property. Case in point: Hyatt Place Nashville/Downtown, the 255-key hotel that recently broke ground in downtown Nashville. Hyatt Place is the […]
CPPIB, Goodman Target North American Industrial with $890M Partnership
Canada Pension Plan Investment Board and Goodman Group have partnered to invest a big chunk of change in logistics and industrial properties in key North American markets.
Lubert-Adler/Farbman JV Buys Office Building in Chicago’s West Loop for $75M
Lubert-Adler and The Farbman Group collaborated in the purchase of West Monroe, a Class B office property that is currently 80 percent occupied.
Economy Watch: Drought Worsens; Global Food Prices, Exports Up; Imports Down
Food prices will be going up as a result of national droughts. Agriculture officials are planning a major meeting next month to discuss alternatives for the rising dilemma. Imports might be down, but exports were up in June. Another Fed president spoke up in favor of QE3.
Maui County Committee Green-Lights West Maui Master-Planned Development
By Adriana Pop, Associate Editor Maui County’s General Plan Committee voted 7-1 in favor of including the proposed 600-acre master-planned Olowalu Town project within the island’s urban and rural growth boundaries. Plans for the $466 million development call for 1,500 housing units – half of which would be affordable – a school, a post office, […]
Hines Hires JLL to Market Iconic Williams Tower
Hines has put its 64-story Williams Tower on the market, hiring Jones Lang LaSalle Inc.’s Houston office to find a buyer for the iconic tower.
Ebenezer Management Services to Expand its Arbors at Ridges Campus
By Gabriel Circiog, Associate Editor Ebenezer Management Services will soon expand its Arbors at Ridges campus in Burnsville, Finance & Commerce reported. The Minneapolis-based seniors housing provider will break ground on a $12 million project that will convert an existing building to memory care space. Located at 13897 Community Drive near Fairview Ridges Hospital, the […]