News
Suffolk Construction Completes Phase I of $296 M Baystate Medical Center Expansion
Suffolk Construction recently completed Phase I of the expansion and facility-replacement project at the Baystate Medical Center in Springfield, Mass. The 641,000-square foot new clinical facility required a $296 million investment and it is part of a 15-year master plan designed by Steffian Bradley Architects. When fully finished, the project will be the largest medical facility in Western Massachusetts.
Ad Giant Havas and Ford Dealer Bay Ridge Sign New Leases
One of Hudson Square’s biggest office leases of the year was finalized last week between French advertising giant Havas and Trinity Real Estate, the real estate arm of Trinity Church. According to The Wall Street Journal, after searching in more than 35 different New York City buildings, Havas eventually leased 225,000 square feet on the 2nd through 8th floors at 200 Hudson Street, around 31,000 square feet on the 9th floor at 205 Hudson Street and 4,000 square feet of storage space at 1 Hudson Square.
NAP to Develop $35M Luxury Apartment Community on Newly Acquired Land
By Georgiana Mihaila, Associate Editor
North American Properties has recently acquired 3.7 acres in Atlanta’s Old Fourth Ward neighborhood with plans of developing its first ground-up multifamily property in Atlanta since the company shifted focus from retail to mixed-use and multifamily. […]
Makeovers at Golden Gate, The D Play Downtown’s Nostalgia Card
By Alex Girda, Associate Editor
For decades, the glamorous mega-resorts of the Las Vegas Strip have often seemed to elbow aside the earlier generations of hotels, casinos and attractions of the city’s Downtown. But the birthplace of the city’s hospitality and gaming industries continues to push back, betting that a growing number of Las Vegas visitors will welcome […]
Dornin Investment Group Acquires Royal Oaks Senior Apartments
By Gabriel Circiog, Associate Editor Dornin Investment Group has purchased Royal Oaks Senior Apartments, a garden-style apartment community located in San Marcos, according to rentv.com. The 122-unit complex was built in 2003 and is operated as an age-restricted community for residents 55 and older. Slated as an affordable housing project, 10 percent of the units are […]
$414 Million Cerner Corp. Office Development Ready for Groundbreaking
By Gabriel Circiog, Associate Editor After several months of site preparation, the new Cerner Corp. office development is ready for its groundbreaking, according to The Kansas City Star. Located south of State Avenue, between Village West Parkway and Interstate 435, in western Wyandotte County, the 58-acre site will feature two nine-story office towers. Gould Evans came […]
Industrial Income Trust Buys Hanover Building; Walker & Dunlop Gets Financing for Hunt Valley Towne Centre
By Adrian Maties, Associate Editor
A subsidiary of Colorado-based Industrial Income Trust Inc. (IIT) has paid $7.8 million for the BWI Commerce Center in Hanover, Maryland. The 128,000-square foot industrial building was sold by an affiliate of Boston’s Great Point Investors […]
Newgard Hires JMAF as General Contractor for BrickellHouse
By Georgiana Mihaila, Associate Editor
John Moriarty & Associates of Florida has been selected by Newgard Development Group to serve as general contractor for the developer’s 374-unit luxury condominium tower—BrickellHouse. “JMAF’s industry expertise will ensure that we meet our 2014 completion […]
$84M Presbyterian Orthopedic Hospital Approved
By Eliza Theiss, Associate Editor
Plans for the new $84 million Presbyterian Orthopedic Hospital in Charlotte have been approved by the North Carolina Division of Health Service Regulation. The Charlotte-based health care system submitted its application in October 2011, seeking approval to build a new orthopedic health care facility that would replace the current one at […]
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.