News
San Antonio Welcomes Newly Completed $28M Dispatch Center
By Camelia Bulea, Associate Editor In 2010, the San Antonio Express-News announced that the city of San Antonio and Brooks Development Authority (BDA) had broken ground on the city’s new fire and police emergency dispatch center at Brooks City-Base. A year and a half later, the San Antonio Business Journal has announced the new development’s opening. […]
Developer Breaks Ground on Cedar Creek Lake Luxury Community
By Camelia Bulea, Associate Editor Just 75 minutes from Downtown Dallas, there is a stretch of undeveloped land on Cedar Creek Lake that will not be undeveloped much longer. Dallas-based Long Cove Development has begun the first phase of Long Cove, a luxury community of single homes. According to a news release by Long Cove, […]
$30M to Finish Guste Homes; New Fire Department Building in Jefferson Parish
By Eliza Theiss, Associate Editor Officials recently approved $30 million in state bonds to finalize the redevelopment of the Guste Homes public housing complex in New Orleans’ Central City. According to a report by The Times-Picayune, the third and final stage of Guste Homes, a project of the Housing Authority of New Orleans, has a price […]
Horseshoe Cleveland Finally Opens
By Adrian Maties, Associate Editor The Horseshoe Casino Cleveland is finally here. On the evening of May 14th, the casino officially opened its doors to the public. Gary Loveman, chairman, president & CEO of Caesars Entertainment Corp.; Dan Gilbert, chairman of Rock Gaming; Marcus Glover, general manager & senior vice president of Horseshoe Cleveland; Cleveland […]
New Apartments Coming to Downtown Cincinnati This Summer
By Adrian Maties, Associate Editor An $18 million development project will bring 88 new apartment units to downtown Cincinnati this summer. The Edgewood, Ky.-based Ashley Commercial Group has partnered with Arcadia Communities of Louisville to transform the former Federal Reserve Bank building into The Reserve at 4th and Race, an exclusive downtown apartment complex. The 15-story […]
Rousse Properties Partners with Cinemark for New 12-Screen Lakeland Theater
The Lakeland Square Mall will soon be welcoming its own 12-screen, all-digital movie theater, according to an announcement by Cinemark Holdings Inc., one of the world’s largest motion picture exhibitors.
Discount Grocer ALDI Bets Big on Houston, Plans 30 Stores
Discount grocer ALDI plans a grand entrance in the Houston market, opening 30 new stores over the next three years. According to an official statement, the company is expected to bring an investment of more than $100 million in capital expenditures to the local community, as well as creating nearly 400 jobs.
1776 Massachusetts Ave. Sells for $45.5M to ELV Associates
By Adrian Maties, Associate Editor ELV Associates acquired 1776 Massachusetts Ave., N.W., paying $45.5 million, or about $498.29 per square foot. The Boston-based real estate investment and management firm acquired the building from 1776 Mass Ave. L.L.C., an affiliate of New York’s Joss Realty Partners L.L.C. The property was built in 1970 and stands eight […]
Sky Lodge Trade Signals Main Street Changes in Park City
By Alex Girda, Associate Editor Park City’s Sky Lodge is the latest property to change hands after investor Kenneth Abdalla announced the purchase of the iconic boutique hotel. The 3-guest room property is an integral part of the developer’s plans in the area, as Abdalla suggested that the property is part of much bigger investment […]
Smith Tower Gets Five New Leases on Life
By Alex Girda, Associate Editor A few months after coming under the ownership of CBRE Capital Partners, the historic Smith Tower in Downtown Seattle is taking the first small steps toward rebounding from years of decline. A CBRE leasing team of first vice president Christian Shevchenko, vice president Cavan O’Keefe, senior associate Nick Carkonen and […]