News
Matteson Buys Upscale Complex in Novato for $67M
By Alex Girda, Associate Editor In a $67 million deal, San Mateo-based Matteson Cos. acquired the Millworks, a 124-unit upscale apartment complex that includes a 39,119-square-foot ground floor Whole Foods Market located in Novato’s Old Town district. The property includes 420,882 square feet ofspace over 124 units, as well as a three-level, 438-space parking garage. […]
Allstate’s 66,000 SF Lease in Tempe Offers Rare Bright Spot
By Alex Girda, Associate Editor In one of the area’s largest office leases this year, Allstate Insurance Co. inked a 66,000-square-foot deal at Tempe Gateway. Located in Tempe’s Mill Avenue District, the eight-story, 260,000-square-foot building facility has been owned since 2010 by Seattle-based Vulcan Real Estate. Allstate’s commitment means that Tempe Gateway is now 64 […]
Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV
By Alex Girda, Associate Editor
In the latest in a series of dispositions, CIP Real Estate and Buchanan Street Partners have sold the 114,500-square-foot Konami Building in the Howard Hughes Airport Center to the building’s tenant, Konami Digital Entertainment, the Las Vegas Review-Journal reported.
Last December, the partners sold a 425,000-square-foot portfolio at the Hughes Airport Center. That followed the […]
Walmart Goes Solar in 27 Massachusetts Stores
Greenskies Renewable Energy LLC, a Middletown, Conn.-based company specialized in the design and implementation of solar energy systems, has teamed up with chain store Walmart to install crystalline solar panels on 27 of the retailer’s Massachussetts stores over the next two years.
Doug Manchester Proposes $200 Million Mixed-Use Development for U-T Site
By Gabriel Circiog, Associate Editor The San Diego Union-Tribune publisher—and developer Douglas F. Manchester—propose a $200 million mixed-use development for the U-T site in Mission Valley. The city of San Diego will start preliminary review of the plan later this year, the San Diego Business Journal reports. The City of San Diego’s project manager, William […]
TIF Commission of Kansas City Favors Incentives for $142.5 M Towne Center Development
By Gabriel Circiog, Associate Editor The Tax Increment Financing Commission of Kansas City has recommended the approval of incentives for the $142.5 million Towne Center development in Clay County, The Kansas City Business Journal reports. The project, led by Kansas City-based CBC Real Estate Group, calls for over 1 million square feet of retail space […]
Enterprise Reopens Harper House Affordable Housing Community in Howard County
By Adrian Maties, Associate Editor Enterprise Homes has re-opened Harper House. The Columbia apartment building has received a $21 million total building “green” makeover. Enterprise is celebrating its 30th anniversary this year, and the building is a tribute to Jim Rouse (April 26, 1914 – April 9, 1996), Enterprise’s founder and also the founder […]
Downsized Marina View Project Could Roll Out Again, Needs Improvement
Marina View, a failed 30-story, $100 million project proposed by developer Lou Cicalese in 2005 for Philadelphia’s Central Delaware Waterfront, could see new life as a scaled-down apartment building. As reported by the Philadelphia Business Journal, the developer has teamed up with the same contractors—Ensemble Real Estate Investments and BLT Architects—to build a 180-unit residential building at 230 N. Christopher Columbus Boulevard on top of a 3-story podium base of structured parking.
New Upscale Retirement Village Coming to Grosse Pointe Woods
By Veronica Grecu, Associate Editor Work on The Rivers of Grosse Pointe Continuing Care Retirement Community (CCRC) could begin in a few weeks on the site that once housed the Children’s Home of Detroit. According to Patch.com, the project, which is being developed by the owners of Riverview Health and Rehab on East Warren, was […]
Lake Nona Partners with GE to Deliver World-Class Energy Efficient, Healthy Community
Lake Nona—the 7,000-acre master planned community that will rise within the city limits of Orlando—is determined to rival the world’s largest health and sustainability communities, and has set up a partnership with GE to achieve this goal.