News
The Ups and Downs of Baltimore’s Superblock
By Adrian Maties, Associate Editor
Baltimore’s spending board has approved a six-month extension for Lexington Square Partners LLC to buy the site of Baltimore’s “superblock.” This exclusive negotiation deal with the city was first extended last December and was supposed to […]
Developers Diversified Upgrades Loans
By Adrian Maties, Associate Editor
Developers Diversified Realty Corp. announced last week it has replaced a $550 million loan scheduled to mature in February 2012 with a new one for $500 million. The new loan has a 39-month term, with an additional […]
Renovation of Old American Can Factory Heads into Final Stretch
By Adrian Maties, Associate Editor
It’s been more than six years since Bloomfield/Schon began eyeing redevelopment plans for the old American Can factory building in Cincinnati. Now, the $21.9 million renovation is heading into its final stretch.
The building was developed in […]
Long-Awaited New Residences in Store for Coral Gables
By Georgiana Mihaila, Associate Editor
Coral Gables ranks among one of the most exclusive housing markets in the country, and construction has been fairly slow since 2006. But this seems about to change, given recent news. HFF (Holliday Fenoglio Fowler LP) […]
Redevelopment Projects Continue in New York; 220 Park Ave. Sold for $20M
By Veronica Grecu, Associate Editor
New York’s Chelsea Hotel, which was purchased earlier this year by developer Joseph Chetrit for more than $80 million, will undergo major renovation. Although the exterior renovation is limited because of the building’s Queen Anne architectural […]
HFF Orchestrates $355M Construction Loan for Vertex’s 1.1 MSF Boston HQ
Vertex Pharmaceuticals at Boston’s Fan Pier development got a boost as HFF orchestrated a $355 million construction loan for The Fallon Co. to bring the 1.1 million-square-foot office and research project to fruition.
Navy Pier to be Redeveloped; New Campus Building for Roosevelt University
By Veronica Grecu, Associate Editor
Chicago’s Navy Pier redevelopment plan, dubbed the “Centennial Vision,” was revealed last week by the Metropolitan Pier and Exposition Authority (MPEA) and the recently formed Navy Pier Inc. The improvements will include expanded recreation space and […]
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news for the second week of July and tells you what to watch out for in the coming week.
Camden Aquires Two Austin Properties as Part of $261M Texas Portfolio
By Camelia Bulea, Associate Editor
As of last week, Camden Property Trust owns eight high-quality apartment communities throughout the state of Texas—specifically, in the Austin, Dallas, Houston and San Antonio metropolitan areas. These consist of 2,957 apartment homes that were built […]
Carter-Haston, Crews Realty Invest in Memphis’ Strongest Submarkets
By Amalia Otet, Associate Editor
Two of the strongest submarkets in Memphis nowadays, Germantown and Collierville, have recently registered important residential and commercial transactions, picking up the pace toward the real estate industry’s recovery.
The Preserve at Forest Creek Apartments, a 414-unit […]