News
LEED Gold Certified 11 Times Square Lands New Tenant
Global Food International Corp., a worldwide supplier of food to chain restaurants, has signed a long-term lease for half the retail space at 11 Times Square. The 40-story, LEED Gold-certified skyscraper in midtown Manhattan was completed in May 2010 by Parsippany-based developer SJS Properties and the real estate investment unit of Prudential Financial Inc.
Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay
The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.
$19.8M Redevelopment Planned for Chisca Hotel
By Eliza Theiss, Associate Editor Developers working under the name Main Street Apartments would like to turn the blighted historical landmark formerly known as the Chisca Hotel into a $19.8 million mixed-use development featuring ground floor commercial space. The upper floors would be turned into 149 apartments with an average floor plan of 940 square […]
Quicken Loans Mortgage Services Grows in Charlotte
By Eliza Theiss, Associate Editor Quicken Loans Mortgage Services (QLMS) of Quicken Loans Inc., the country’s largest online lender, has announced plans to expand its Queen City offices. QLMS, a mortgage service provider to community banks, credit unions and mortgage professionals in all 50 states will expand its Charlotte presence by increasing both office space […]
City Opens $13.4M South Shore Riverfront Park
by Adriana Pop, Associate Editor City officials joined development stakeholders and community partners to celebrate the opening of the 3.2-acre South Shore Riverfront Park at the Monongahela River shoreline. The $13.4 million project is developed on the former LTV steel industrial site. The urban park was funded with approximately $10.6 million in federal, state and local […]
Chicago and Aeroterm LLC Reach Agreement for $200M Project at O’Hare
By Gabriel Circiog, Associate Editor The City of Chicago has reached an agreement with Aeroterm LLC to start construction of the Chicago O’Hare International Airport Northeast Cargo Center. Mayor Rahm Emanuel announced the development project, which will expand and enhance the efficiency of O’Hare’s airport cargo operations, as well as create around 1,200 construction jobs, […]
City Council Allows 121-acre Gatlin Creek Development to Move Forward
By Camelia Bulea, Associate Editor
The Georgetown City Council unanimously approved a zoning change request at 4900 Williams Dr., thus allowing development on Gatlin Creek to move forward.
The proposed Gatlin Creek Development is planned to include an assisted-living center, a nursing […]
$480 Million Deal for Russell Investments Center is West’s Biggest Since 2006
By Alex Girda, Associate Editor In the western U.S.’s largest single-asset office sale since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle’s central business district. A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. The transaction adds the property to another nearby CommonWealth asset–Safeco Plaza, a 755,000-square-foot, 50-story […]
80-Unit Student Housing Complex Trades in Orem
By Alex Girda, Associate Editor An 80-unit, 300-bed student housing complex near Utah Valley University in Orem recently came under new ownership. The asset, College Terrace Apartments, is located at 643 West 1200 South near Interstate 15. Completed in 1985, the 64,500-square-foot complex is located on a 2.6-acre site in one of Utah’s fastest-growing student […]
Ryland Homes Announces Grand Openings in Four Tampa Bay Communities
By Georgiana Mihaila, Associate Editor In the attempt to stay faithful to its commitment of delivering energy-efficient, high-quality homes, Ryland Homes has recently announced the grand opening of new model homes and new home sites for sale in four Tampa Bay-area communities. Offering a mix of both styles and prices, the homes try to offer […]