News
J.P. Morgan Buys Two Washington D.C. Apartment Buildings
By Adrian Maties, Associate Editor J.P. Morgan Asset Management, a division of J.P. Morgan Chase, recently acquired the 909 at Capitol Yards and the Axiom at Capitol Yards, two apartment buildings located in Washington, D.C.’s Capitol Riverfront neighborhood. J.P. Morgan Asset Management acted on behalf of institutional investors. A few months ago, the two buildings were […]
Carnegie Mellon University Finalizes $500M Master Plan
By Adriana Pop, Associate Editor Carnegie Mellon University’s new master plan for its campus has been approved by City Planning officials. The plan includes the development of five key projects over the next 10 years, at an estimated cost of $500 million. The Pittsburgh Business Times reports that the first development proposes a $70 million […]
Hawaii’s First Seawater Air-Conditioning Project to Start Construction
by Adriana Pop, Associate Editor Honolulu Seawater Air Conditioning, LLC (HSWAC) is moving closer to begin construction on the state’s first seawater air-conditioning district cooling project. The Pacific Business News reports that the company is one month from choosing contractors to develop the $250 million renewable energy system in Kakaako. The seawater air conditioning firm […]
$17.4 Million Public Library Branch Breaks Ground in East Boston
Work on a new branch of the Boston Public Library broke ground last week during an official ceremony in the presence of Mayor Thomas M. Menino and other city officials. The state-of-the-art development located in East Boston is one of the 336 improvement projects included in the recently announced five-year Capital Plan, a $1.8 billion initiative that supports initiatives and efforts across the City in the areas of education and youth development, neighborhood stabilization, technology enhancement and economic development.
Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office
By Georgiana Mihaila, Associate Editor Lincoln Property Company Southeast, working on behalf of Equity Office, has brokered 215,000 square feet of leases in the North Fulton area during the first quarter of 2012. Equity Office had awarded Lincoln Property Company Southeast the contract to manage 3.3 million square feet and lease 1.9 million square feet […]
Two 30-Story Apartment Towers will Replace Baltimore’s Mechanic Theatre
By Adrian Maties, Associate Editor
Since it opened in January 1967, the Morris A. Mechanic Theatre was for many years Baltimore’s primary venue to host touring Broadway plays and feature major productions. However, those days are now long gone. In time, the theatre became obsolete as it was too small and outdated to accommodate modern, larger […]
Posty Cards Inc. Earns LEED Platinum Certification
By Gabriel Circiog, Associate Editor A small Kansas City manufacturer, Posty Cards Inc., attained the highest level of sustainable certification on April 16 when it was awarded the U.S. Green Building Council’s LEED platinum certification. Located at 1600 Olive St. in Kansas City’s urban core, Posty Cards’ facility underwent a $6.4 million renovation and expansion […]
Orlando Health Breaks Ground on $297M Redesign and Renovation Project
On April 26, Orlando Regional Medical Center’s latest community investment—dubbed The Redesign and Renovation project—had its official groundbreaking ceremony. The event was attended by ORMC team members, as well as community leaders and government officials.
New Upscale Hotels Take Over Center City Philadelphia
Boston-based hospitality Sonesta International Hotels, which operates nearly 30 luxury hotels catering to premium business and leisure travelers, will open its first hotel in Pennsylvania on June 18. The new Sonesta Hotel Philadelphia will replace the existing Crowne Plaza Philadelphia Downtown, the only hotel to be found on Market Street west of City Hall.
eBay Signs 35,000 SF Office Lease in Manhattan
Just months after Twitter opened its first New York office and Facebook revealed details about adding an engineering center to its existing office, it seems to be eBay’s turn to take a bite of the Big Apple. The online auction and shopping site recently announced plans to open a technology center in Manhattan’s Chelsea neighborhood