News
First Office High-Rise Since 2010 to be Built in Downtown Chicago; Shorenstein Properties Acquires Former Apparel Center
By Gabriel Circiog, Associate Editor
Since 2010, when the Blue Cross Blue Shield Building at 300 E. Randolph was completed, downtown Chicago has not seen the rise of any new office buildings. A report on the market by CB Richard Ellis […]
Alpha Install Will Relocate to Pittsboro
By Liviu Oltean, Associate Editor
Alpha Install, a company that manages the installation of communications and technology equipment on vehicle fleets and satellite locations, is planning to move and expand its headquarters in Pittsboro. According to the CityBizList, the company chose […]
RMU Purchases the Holiday Inn Pittsburgh Airport for Student Housing
By Liviu Oltean, Associate Editor
Robert Morris University has acquired the Holiday Inn Pittsburgh Airport. According to the Pittsburgh Business Times, RMU will initially use the hotel for student housing, ultimately planning to convert the hotel into a residence hall. The […]
New EIS Accelerates Redevelopment of the International Market Place
By Liviu Oltean, Associate Editor
Queen Emma Land Co. recently filed an environmental impact statement (EIS) for the International Market Place in Waikiki. The market is located on land owned by Queen Emma Land Co., the real estate branch of The […]
New Team to “Maximize Value” of 400 KSF Westgate City Retail Center in Phoenix
Teetsel has brought in three firms to help revitalize the 400,000-square-foot mixed-use Westgate City Center near Phoenix: Vestar will be the new property manager, and both CBRE and The Corritore Co. will be leasing brokers.
ProLogis Sells 90% Stake in Brazilian Development to Pension Fund
Powerhouse industrial developer ProLogis Inc. announced the sale of a 90 percent interest in its not-yet-complete ProLogis CCP Cajamar Industrial Park in São Paulo, Brazil, to Brazil’s largest pension fund, PREVI.
Economy Watch: Foreclosures Jump in October, Still Low Compared With 2010
Foreclosure activity nationwide was up 7 percent in October, but there was some good news domestically, such as a decrease in jobless claims. And the European panic took a break for the day.
Pennsauken Mart Coming Back to Life As Residential Complex
By Veronica Grecu, Associate Editor
Camden County officials decided last week to change the fate of the dilapidated Pennsauken Mart site. The property, which failed to be converted into a hockey arena and convention center, will be turned into a residential […]
Mindfield Pictures Plans a Renovation for Historic Castle-Like Building
By Veronica Grecu, Associate Editor
Crain’s Detroit Business reports that local media firm Mindfield Pictures proposed a $2 million to $3 million redevelopment initiative for the historic Grand Army of the Republic (GAR) building purchased from the city for $220,000. The […]
Orlando Closer to Getting New Bioscience Center and Medical Office Mid-Rise
By Georgiana Mihaila, Associate Editor
Florida Hospital’s Health Village could be in for a new $55 million bioscience center if developer Windsor Healthcare Equities LLC’s plans move forward. According to the Orlando Business Journal, Windsor Healthcare, a subsidiary of Baltimore-based Wexford […]