News
$310M Casino May Come to Downtown Baltimore
By Adrian Maties, Associate Editor
Caesars Entertainment has submitted plans for a $310 million, two-story casino with 3,750 slot machines to the Maryland State Commission. It would be Maryland’s second largest casino and would potentially generate tens of millions of dollars […]
Summit Condos Trade Up; City Looks to End CityNorth Development Contract
By Alex Girda, Associate Editor
Summit at Copper Square recently moved 74 of its unsold condos. The units traded for the average amount of $171,000 after initially being listed between $300,000 and $1.2 million. The per-unit amount brings the transaction total […]
Lardner’s Point Riverfront Park Adds to Philly’s Green Projects
By Veronica Grecu, Associate Editor
In recent years, Philadelphia has become a model for its commitment to green initiatives and sustainable infrastructures. One of the city’s newest green projects is Lardner’s Point in Tacony, near the Delaware River, a decrepit site […]
Outdoor Exhibit Space Built on Vacant Lot
By Veronica Grecu, Associate Editor
Revitalization and redevelopment seem to be the magic words in Detroit! City officials, entrepreneurs, businessmen and residents alike are in a quest to regain Motown’s lost glory.
Matthew Naimi, founder and director of operations of Recycle Here!, […]
Waterton Residential Adds 384 Orlando Units Through its $500M Multifamily Investment Fund
By Georgiana Mihaila, Associate Editor
Waterton Residential recently announced its purchase of the Class A Verano apartment community in Kissimmee, Florida from developer Lane Company. The acquisition is part of Waterton Residential’s Property Venture XI, a $500 million discretionary multifamily investment […]
KTGY Group and Mercy Housing to Build Eco-Friendly Affordable Housing in Stapleton
By Gabriel Circiog, Associate Editor
KTGY Group Inc. has announced the construction of Bluff Lake Apartment Homes, a new eco-friendly residential community. The project will house 92 families with an income between 30 percent and 50 percent of the area median […]
Chicago’s Elysian Hotel Sold, to Become Waldorf-Astoria
The Elysian Hotel Chicago, a luxury lodging destination, has been purchased by a joint-venture investment group and will soon reopen under the Waldorf-Astoria brand.
Lincoln-Champion JV Grabs Dallas’ Energy Square
In the city’s largest transaction this year, a joint venture of Champion Partners and Lincoln Property Co. has grabbed the 953,622-square-foot, three-building Energy Square office complex in Dallas.
Chicago to Get 42-Story, $114M Apartment Tower
DeBartolo Development and partner Optima are building the 332-residence mixed-use Optima Center multi-family property at a cost of $114 million in Chicago’s Streeterville neighborhood.
Economy Watch: Supercommittee Efforts Fizzle
The supercommittee on Monday conceded that compromise on deficit reduction is impossible. The NAR reported that existing-home sales inched upward in October. And the Chicago Fed’s activity index is still negative.