News
UMKC Releases Downtown Arts Campus Studies
By Gabriel Circiog, Associate Editor The University of Missouri-Kansas City announced it has narrowed down the search for the future location of the Downtown Campus for the Arts to three potential sites. As previously reported by Commercial Property Executive, the planned downtown art campus, which is set to feature in the first stage a new […]
Economy Watch: Tepid Job Growth in June, Bankruptcies Trending Down, Non-Manufacturing Index Drops
Job growth remained slow in June, with the unemployment rate staying stagnant at 8.2 percent. U.S. personal and commercial bankruptcies decreased in the first half of 2012, and the ISM non-manufacturing index dropped to 52.1 percent in June, down from 53.7 percent in May.
Home Properties Buys Ellicott City Apartment Community
By Adrian Maties, Associate Editor Rochester, New York-based Home Properties recently announced it has acquired Howard Crossing, an Ellicott City apartment community, for $186 million or $138,000 per apartment unit. The cash deal was closed on June 28. Howard Crossing was constructed in phases from 1968 through 1975. It consists of 1,350 units in 42 […]
Net-Zero Energy Homes Coming to Northern Liberties
By Veronica Grecu, Associate Editor Philadelphia is one step closer to becoming the nation’s greenest city. Maryland-based Nexus EnergyHomes teamed up with Philadelphia officials and private investors to create the city’s first net-zero energy housing development in the Northern Liberties community, on the site of a former fish wholesale market. Dubbed Foundry Court, the development […]
Aztec Group Completes Acquisition and Bridge Loan for Woodside Apartments
Real estate investment and merchant banking firm Aztec Group, Inc. has recently closed on a $6.55 million acquisition and bridge loan for the multifamily property Woodside Apartments in Kissimmee, Florida.
Could a Zombie Theme Park Bring Back Detroit’s Vacant Properties?
By Veronica Grecu, Associate Editor Over the last couple of years the subject of vacant properties has created a myriad of debates among Detroiters and city officials alike. Various revitalization initiatives and programs have been proposed to reduce the ‘eye soaring’ effect of these abandoned sites and breathe new life into places that once used […]
California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino
By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument for shepherding the project through the California’s rigorous environmental review. Brown commented […]
North Las Vegas Welcomes SpringHill Suites by Marriott
By Alex Girda, Associate Editor For North Las Vegas, any bit of good news is welcome in market that continues to struggle. Recently SunWest Commercial provided a breath of fresh air in the form of a 94-key SpringHill Suites by Marriott, the first new local hotel in more than four years. Located near Interstate 15 […]
City Officials Grapple With Funding Proposed Arts Venue
By Alex Girda, Associate Editor Talks regarding Mayor Ralph Becker’s proposed Utah Performing Arts Center in downtown Salt Lake City are now focused on hammering out the financing package for the $110 million project. Considered a centerpiece of an effort to re-energize Downtown Salt Lake City, the 2,500-seat venue would be capable of hosting touring […]
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