National
Howard Haynes Joins Hill International’s Orlando Office
Howard H. Haynes Jr., P.E. (Professional Engineer), CCE (Certified Cost Engineer), has joined the Hill International as senior vice president, the company announced last Wednesday. Haynes is now in charge of the firm’s Construction Claims Group operations in Florida.
Parkway Properties Takes Ownership of 7000 Central Park
7000 Central Park in Atlanta changed hands on Nov. 5, as the joint venture Parkway Properties Inc. entered has recently foreclosed on the asset and taken ownership of the property, Parkway announced.
Wood Partners Debuts Warner Park Luxury Community in San Fernando Valley
Wood Partners has recently opened one of its projects in the Los Angeles area, as the local residential market is about to see a steady flow of new units being added to the market. The developer is now done with its latest San Fernando Valley luxury project, an endeavor that has cost Wood Partners approximately $75 million.
St. John Properties and Somerset Construction Select Elm Street Development to Build 2,000 Homes at Baltimore Crossroads
Earlier this year, St. John Properties, Inc. and the Somerset Construction Company unveiled conceptual plans for the $100 million Greenleigh at Crossroads mixed-use development in Eastern Baltimore County, the next phase of Baltimore Crossroads. Now, the joint venture has selected Elm Street Development as the residential development partner for the project.
Northeastern University to Expand with New Research Building
The Boston Redevelopment Authority (BRA) unanimously approved a $1.6 billion master plan for development proposed by Northeastern University in which the institution describes its need for new buildings and renovation projects at the existing structures for the next decade.
Hunter’s Ridge Becomes Elm Creek Apartments After Presidium Group Acquisition
Formerly known as Hunter’s Ridge, the apartment complex at 2358 NW Military Highway, near Hardberger Park, has a new owner and a new name. Presidium Group, a Dallas-based real estate investment and management firm, added the community to its portfolio. After a re-branding process they named it Elm Creek Apartments.
125-Unit Luxury High-Rise Revived; Six Flags Back on the Market
New Orleans’ booming economy and growing population has revived a project first proposed in 2005: Traçage, a $55 million luxury project set to rise in the Warehouse District, at 711 Tchoupitoulas Street.
Pacific Northwest College of Art Secures Milestone Loan to Renovate Old Post Office
One of the largest loans ever awarded by the Portland Development Commission found its beneficiary this week when the organization approved a financing package that would help the Pacific Northwest College of Art. The loan totaling $20.3 million in financial aid will help the non-profit institution renovate an aging facility in the North Park Blocks and turn it into a new campus.
Pinecrest Development in Orange One Step Closer to Construction Start
A small village in Northeast Ohio is about to have a huge impact on the entire area. On November 5, residents of the village of Orange voted to approve plans to rezone a residential neighborhood and pave the way for a 76-acre mixed-use project that will bring new, upscale shopping to the region. According to unofficial results from the Cuyahoga County Board of Elections, 709 people voted for Issue 51, while 532 were against it.
Cincinnati-Area College Developments Receive Funding, Expected to Boost Local Economy
This July, Xavier University, together with Messer Construction Co. and Ackermann Group, broke ground on a long-delayed apartment and retail development at Montgomery Road and Cleneay Avenue, adjacent to the university’s campus. With a $53 million first phase, the University Square project recently received some help from the Finance Fund. It was awarded $8 million in federal New Markets Tax Credits.