National
Mehran Changes Strategy from Leasing to Loft Conversion for Office Building
Built in 1958, the office building at 517 Gold Avenue has been the federal office until the early 2000 when they relocated to 500 Gold. For the next decade the eight-story block property was left abandoned.
City Announces Development Team for EyeBAM Mixed-Use and Cultural Building in Downtown Brooklyn
A team of six entities was chosen by Mayor Michael Bloomberg and NYC Department of Housing Preservation and Development representatives to develop BAM North Site II, the last vacant property within the Downtown Brooklyn Cultural District, also known as DoBro or Fort Greene.
Reliable Churchill Headquarters Relocation will Bring 500 Jobs
Five hundred new jobs are coming to Baltimore County. Reliable Churchill, the largest wine and spirits distributor in Maryland and a member of The Charmer Sunbelt Group, plans to move its headquarters to a new state-of-the-art warehouse and office complex at Baltimore Crossroads @95, in White Marsh/Middle River. The project is one of the most important to break ground in the county this year.
Kavanagh Advisory Group Seeks Approval for R&D Facility
Kavanagh Advisory Group LLC of Danvers, a real estate development and consulting company focused on complex projects in the Boston area, is planning to construct a large-scale research and development facility at the corner of Tide Street and Northern Avenue in the city’s Marine Industrial Park.
Penguins-UPMC Sports Complex Breaks Ground in Cranberry
Representatives from the Pittsburgh Penguins and UPMC have recently celebrated the groundbreaking of the 180,000-square-foot UPMC Lemieux Sports Complex in Cranberry Township. The Pittsburgh Business Times reports that the$79 million project will feature a new UPMC sports medicine clinic, as well as a two-rink practice facility for the famous hockey team.
Urban Outfitters Receives 10-Year Tax Break for $200 Million Investment in Pennsylvania
Urban Outfitters (URBN Inc.), a global retailer of clothing and decor that was founded in University City in 1970, is planning an unprecedented expansion of two of its production centers in the Philadelphia area. The $200 million investment announced recently by the company will result in a larger headquarters at Urban’s existing facility at the Philadelphia Navy Yard and a new, direct-to-customer fulfillment center in Gap, Lancaster County.
The Connor Group Acquires Ashton Brook Apartments for $60.5 Million
Beware Nashville, there’s a new multifamily player in town. Centerville, Ohio-based The Connor Group, just entered the Nashville apartment market, and did so with a bang.
“Magic” Johnson and Partners Get OK to Buy Michigan State Fairgrounds in $4.65 Million Deal
It’s been more than a year since Lansing native and basketball legend Earvin “Magic” Johnson unveiled an ambitious plan to completely redevelop the vacant Michigan State Fairgrounds at Woodward Avenue and 8 Mile Road and turn the 164-acre property into a mixed-use complex consisting of retail and office space, housing, recreational space and an Amtrak station.
AA Metals Inc. expanding and bringing new jobs to Orlando
Asian American Metals Inc., an Orlando-based fabricated sheet metal distributor bought a 12.8-acre industrial site in Jetport Industrial Park near Orlando International Airport.
Lincoln Brokers Pitney Bowes’ Lease Renewal; Exeter Picks Up 2.4 Million SF Warehouse Portfolio
Lincoln Property Company Southeast brokered Pitney Bowes Presort Services’ renewal of its lease at Airport West Distribution Center and Exeter Property Group acquired 2.4 million square feet in industrial properties from Clarion Partners.