National
Reed Construction to Renovate Aon Corp. Headquarters at The Aon Center; Urban Innovations Announces Signing of Five New Leases
Reed Construction, a full-service general contractor, recently announced it has been chosen to complete a 375,000-square-foot renovation for Aon Corporation at The Aon Center in Chicago.
Crawford Hoying Unveils Plans for $300M Mixed-Use Project in Dublin
Columbus CEO magazine readers recently selected the City of Dublin as The Best Central Ohio Suburb to Do Business for the third consecutive year. And the good news just keeps on coming. On October 22, city officials and local developer Crawford Hoying unveiled plans for a $300 million mixed-use project that will transform the Columbus suburb and create a ”world class environment.”
State-of-the-Art Candelas Swim and Fitness Club Awarded LEED Gold Certification
Candelas, one of the Denver metro area’s fastest growing new home communities, has recently announced that its first recreation center has been awarded LEED Gold Certification by the United States Green Building Council.
Rockland Trust Provides $20M for Renaissance Marriott Deal
Rockland Trust has provided $20 million in financing for The Procaccianti Group’s purchase of the Renaissance Marriott Downtown Hotel in Providence. The loan marks the third financing project the Procaccianti Group has completed with Rockland Trust.
IPA Arranges Sale of The Ridge at Bandera Apartment Community
The apartment community at the intersection of Loop 1604 and Bandera Highway, at 10950 Biering Lane, has changed owners. Institutional Property Advisors (IPA), a multifamily division of Marcus & Millichap, has overseen the transaction, without releasing any details.
Inland Pays $74.5M for Downtown Hotel
The New Orleans lodging market stays hot even if temperatures are cooling down in the Big Easy. Following the recent purchase of the Queen and Crescent Hotel, another former office asset turned hotel has been acquired.
Skanska Rolls Out 400 Fairview Development Project with Brand-New Anchor Tenant
One of the most active foreign developers in the bustling Seattle market in recent years has undeniably been Stockholm, Sweden-based Skanska. The developer is operating its interests here through subsidiary Skanska USA, and now it has a new investment going in the city. The company has announced a $150 million investment in a new office and retail development project in the meteoric South Lake Union neighborhood of Seattle, one of the primary engines for growth in the Seattle real estate market.
Inland Real Estate Buys University Heights Shopping Center
Inland Real Estate Corporation has acquired a Cleveland-area shopping center in a joint venture with Dutch pension fund advisor PGGM. The purchase price was $24.9 million, excluding closing costs and adjustments. The joint venture also assumed an $18.4 million property-level loan with a two-year term, which it expects to pay off or refinance upon maturity.
Dayton Children’s Hospital Announces $140M Expansion Project
Great news for all the children in Dayton. Dayton Children’s Hospital plans to invest $140 million to expand its Valley Street campus, near the city’s downtown. The hospital’s board of trustees approved the plan recently. The move follows a nearly nine-month planning processes which included input from the hospital’s staff as well as patient families.
City Council Green-Lights Central Y Property Redevelopment Downtown
Plans for the redevelopment of the current YMCA of Honolulu facility are moving forward.