News
East Side Office Portfolio in Foreclosure
By Adrian Maties, Associate Editor In 2007, Gotham King Fee Owner L.L.C., a joint venture of Gotham Realty Holdings of New York and Beachwood developer and broker Donald King, paid $140 million for nine office buildings in the eastern suburbs of Cleveland. The joint venture acquired the Gotham King portfolio from Duke Realty Corp., an […]
Design for New 364-Room Fat City Hotel Approved by CCDC
By Gabriel Circiog, Associate Editor The Centre City Development Corp. has approved the design for a 364-room hotel in San Diego’s Little Italy neighborhood. As previously reported by Commercial Property Executive, architect and developer Jonathan Segal had proposed a new residential development, Fat City Lofts, for the site which is just 100 feet away from […]
Mercy Health to Build $75M Patient Tower
By Adrian Maties, Associate Editor Hospital construction in Cincinnati has been booming recently. Cincinnati Children’s Hospital Medical Center has a $180 million research tower underway on its main campus, the largest pediatric research center in the United States, and Christ Hospital is getting ready to break ground this summer on a $265 million project. Now, […]
Parkway Closes $250M Hearst Tower Deal
By Eliza Theiss, Associate Editor Orlando-based real estate investment firm, Parkway Properties, Inc., announced it has completed the high-profile purchase of Charlotte’s fourth largest office building—the Hearst Tower. Closing on the office property was made possible by the $200 million equity investment promised by TPG earlier this year. The 972,000-square-foot, 47-story office tower sold for […]
Archstone Starts Work on 227-Unit North Arlington Project
By Adrian Maties, Associate Editor Archstone, a recognized leader in apartment investment and operations, started work on June 5 on a brand-new 227-unit apartment community in North Arlington, one of the most affluent neighborhoods in the Washington, D.C., metropolitan area. The project is named Parkland Gardens. The development site is located at the intersection of […]
Perceptive Software Inc. and FMH CoreSource Announce Plans to Relocate
By Gabriel Circiog, Associate Editor Perceptive Software Inc., a Lexmark company, has announced plans to relocate from its headquarters at Shawnee Mission Parkway and Kansas Highway 7 to Lenexa City Center. The company, which indicated that it has outgrown its current location, submitted its proposal to Lenexa officials, The Kansas City Business Journal reports. According […]
New Senior Housing Coming to West Baltimore
By Adrian Maties, Associate Editor Enterprise Homes and Capital One Bank broke ground on Thursday, June 7, on The Greens at Irvington Mews, Baltimore’s newest senior housing development. Baltimore Mayor Stephanie Rawlings-Blake, Secretary Skinner, Enterprise Homes President Chickie Grayson and other officials attended the ceremony. Located on the city’s west side, just across the street […]
$70 Million Upgrade for Loews Regency Hotel New York; Industry Leader Joins Avison Young
By Veronica Grecu, Associate Editor
Loews Hotels, a luxury hospitality company that owns and operates nearly 20 hotels and resorts in the U.S. and Canada, has embarked on a $70 million renovation project at the Loews Regency Hotel in New York, […]
Mayoral Candidate Cayetano Promises to Stop Rail Project
by Adriana Pop, Associate Editor If elected, Honolulu mayoral candidate and former Gov. Ben Cayetano intends to cancel the $5.2 billion elevated rapid-transit rail project. Cayetano told the Pacific Business News that the development could be stopped through a veto of the appropriation for the Honolulu Authority for Rapid Transportation. The rail line, covering a 20 […]
CH2M HILL-Led JV Lands $6.4 Billion Airport Expansion
A joint venture led by Denver, Colorado-based CH2M HILL, an international program and construction management firm, and including Delon Hampton & Associates (DHA) and CMTS, Inc. (CMTS), two leaders of project and construction management, was awarded by the City of Philadelphia the $6.4 billion expansion project at the Philadelphia International Airport.