News
NuStar to Spend Almost $40M on San Antonio Refinery
By Camelia Bulea, Associate Editor
Five months after purchasing the San Antonio refinery out of bankruptcy for $41 million, NuStar has made it profitable. The refinery, once owned by AGE Refining, cost NuStar millions to transform it into a safer and […]
One Shell Square Sold to Massachusetts REIT for $102M
By Amalia Otet, Associate Editor
Newton, Mass.-based CommonWealth has turned its attention to New Orleans, making its first acquisition in the area. The real estate investment trust, which primarily focuses on office and industrial properties in major metropolitan markets, purchased One Shell […]
Former May Department Store Could Provide Hollywood Ending for AMPAS’s Search for Movie Museum Site
By Alex Girda, Associate Editor
A long-gestating project that would provide Los Angeles with its very own museum dedicated to the silver screen seems to finally be underway. The catch is it probably won’t be half as flashy as the stars […]
Foreign Investors to Help Build New American Greetings HQ
By Adrian Maties, Associate Editor
American Greetings Corp. has struck a deal with the Cleveland International Fund to finance its planned new world headquarters. Announced in May, the facility, to be constructed in Crocker Park, will house more than 1,000 jobs and […]
$1B CPS Project Nears Completion; 41 Schools to be Complete by Year-End
By Adrian Maties, Associate Editor
After eight years, Cincinnati Public Schools’ plan for a $1.1 billion project meant to provide new or renovated buildings for every child in the city is nearing completion.
Original plans called for 35 new schools, 24 of them […]
Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel
By Veronica Grecu, Associate Editor
Washington, D.C.-based Carr Hospitality and InterContinental Hotels Group plan to create a four-star hotel on the Southwest Waterfront as part of a $2 billion redevelopment, The Wharf. The mixed-use neighborhood, a joint venture between developers PN […]
Six Tampa-Area Shopping Centers Part of $473M Purchase by Equity One
By Georgiana Mihaila, Associate Editor
Shopping center owner, developer and operator Equity One Inc. has entered into an agreement to sell a total of 36 properties to Blackstone Real Estate Partners VII for the reported amount of $473.1 million. The assets, […]
Controversial Ashby Project Back in Spotlight with New Redevelopment Plan
By Georgiana Mihaila, Associate Editor
The highly controversial Ashby High Rise project is back on the table, with its developers submitting construction plans to the city this past week. Buckhead Investment Partners Inc. has kept the original design for the project, […]
Livermore, San Mateo Campuses Find New Ownership
By Alex Girda, Associate Editor
The Greenville Business Center in Livermore was the object of San Francisco’s latest industrial real estate deal as it traded hands for a total of $23.3 million. The seller, Property Reserve Inc., relinquished the four-building industrial […]
Downtown Renaissance: The World Trade Center Anchors a Thriving Redevelopment Scene
As Manhattan’s biggest redevelopment project in decades, the new World Trade Center towers are the flagships of the Downtown revitalization trend that started in the early years following the terrorist attacks. An update on redevelopment progress in Lower Manhattan.