News
Landmark Group Obtains on $9.5 Million Tax Credit Financing
by Adriana Pop, Associate Editor
WNC & Associates, Inc., a nationwide investment firm specializing in urban renewal and affordable housing projects, provided $9.5 million in Low Income Housing Tax Credit (LIHTC) financing to the Landmark Group for the redevelopment of a […]
St. Francis Healthcare Receives $80M to Upgrade Foreclosed Hawaii Medical Centers
By Liviu Oltean, Associate Editor
St. Francis Healthcare System of Hawaii will receive from the state $80 million in prceeds from the sale of revenue bonds for the upgrade of recently foreclosed hospitals.
The hospitals are Hawaii Medical Center (HMC) West in Ewa and […]
High-End Rental Building Planned for Jamaica Plain
By Veronica Grecu, Associate Editor
A 3.5-acre property in Jamaica Plain will be converted into luxury rental units, adding to Boston’s construction wave. The former site of the Home for Little Wanderers at 161 S. Huntington Avenue was purchased less than […]
Steiner NYC to Bring New Rental Tower to Downtown Brooklyn
By Veronica Grecu, Associate Editor
Brooklyn’s historic residential boundaries are set to expand as a new, amenity-rich apartment building is being prepared for construction at 333 Schermerhorn St. near the intersection of Third and Flatbush avenues. The plan was revealed early […]
Downtown Baltimore’s Holiday Inn Sold to The Procaccianti Group
By Adrian Maties, Associate Editor
The Procaccianti Group (TPG), a privately held real estate investment and management company based in Providence, Rhode Island, announced that it has recently completed the purchase of the Holiday Inn Baltimore Inner Harbor Hotel. With the […]
Mysterious Buyer Could Save Divine Lorraine Hotel
By Veronica Grecu, Associate Editor
Almost one week after Mayor Michael Nutter assured the Greater Philadelphia Chamber of Commerce that the city will actively pursue redevelopment alternatives for the dilapidated Divine Lorraine Hotel, the property’s owners announced that a sale is […]
DMC Plans $50 Million Outpatient Facility in Royal Oak
By Veronica Grecu, Associate Editor
A new Detroit Medical Center (DMC) outpatient facility could soon replace a vacant plot in the south end part of Royal Oak, near Interstate 696 and Woodward. DMC and parent company Vanguard Health Systems Inc. want […]
HCA Breaks Ground on New Poinciana Hospital
By Georgiana Mihaila, Associate Editor
Government officials, hospital leadership and leaders of the Poinciana community gathered on Tuesday, February 7, 2012 to celebrate the long-awaited groundbreaking of Poinciana Medical Center.
The new facility, located in Poinciana—ten miles south of Kissimmee, at the […]
American Realty Capital Trust Goes Public, Lists on NASDAQ
After spending a year considering strategic alternatives to maximize shareholder value, American Realty Capital Trust Inc., the flagship REIT of investment advisory firm American Realty Capital, has decided to take on the form of a self-administered REIT.
Related Breaks Ground on $350M Santa Monica Residential Project
By Alex Girda, Associate Editor
Related California, an affiliate of the Related Cos., started construction Feb. 16 on a $350 million mixed-use project in the seaside city of Santa Monica. Dubbed the Village at Santa Monica, the project is scheduled for completion in 2011 and will incorporate 318 luxury condominium units and affordable rental apartments feature around […]