News
Third Tower Ready to Rise at Marriott Timeshare Complex
By Alex Girda, Associate Editor Construction is set to begin on the third tower in Marriott’s Grand Chateau timeshare complex near the Las Vegas Strip. The Marriott Vacation Club, an affiliate of Marriott Vacations Worldwide, will operate the tower after its completion. Scheduled for completion in 2014, the tower will rise 37 stories and add […]
Peabody Memphis to Go Under the Knife; Luxury B&B Planned
The Peabody Memphis, also referred to as South’s Grand Hotel, is expecting a major facelift. The 464-room hotel will begin a six-month renovation on Nov. 1, one that has been planned for the last few years and in design for one year.
Citrix Plans to Place Raleigh Headquarters in Warehouse District
by Adriana Pop, Associate Editor Citrix Systems Inc. has made the decision to locate its new downtown Raleigh headquarters in the old Dillon Supply steel warehouse at the corner of West and Hargett streets. The NewsObserver reports that the company plans to move into its new offices by November 2013, becoming the largest corporate presence in the […]
Sheraton Tampa East Replaces Crowne Plaza After $9M Renovation
Following a $9 million comprehensive renovation, the former Crowne Plaza hotel is now ready to welcome its guests as the Sheraton Tampa East Hotel.
Northwest Medical Center Embraces $50M Expansion of Surgical Space
Northwest Medical Center (NMC) announced that it plans to invest almost $50 million in a new surgical wing, which will accommodate a growing demand for surgical services. The expansion is set to break ground this winter, and hospital officials expect that the project will take up to 20 months to complete.
Health Care REIT Plans to Close Q3 with $925M of Investments
Health Care REIT Inc. is in the midst of acquiring close to $1 billion worth of healthcare-related assets in the third quarter, following its busy second-quarter activity of MOB purchases.
Green Energy Researchers Look to LEED Gold Building to Serve As New Facility
By Alex Girda, Associate Editor The Energy Biosciences Institute has announced that it’s moving into its new home—five years into its initiative to come up with energy alternatives. The building at 2151 Berkeley Way building will be shared with researchers from the University of California’s Department of Bioengineering, and approximately 300 researchers will be moving […]
MGM, Morgans to Convert Hotel into Delano Las Vegas
Next year, Mandalay Bay hotel will swan into Delano Las Vegas, thanks to MGM Resorts International and Morgans Hotel Group. The partners will bring a new theme, design and outlook to the hotel inside the resort and casino.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
Advocate Health Care Plans Two Hospital Projects Totaling $455 Million
By Gabriel Circiog, Associate Editor Advocate Health Care plans to take advantage of record-low interest rates and is moving forward with two hospital projects totaling $455 million in the Chicago area, Crain’s Chicago Business reports. According to documents filed with the Illinois Health Facilities and Services Review Board—the entity that regulates medical construction to avoid […]