National
Construction Starts at East New York Senior Housing Development
Another residential project officially kicked off in Brooklyn last week as part of Mayor Michael Bloomberg’s New Housing Marketplace Plan that aims to finance 165,000 units of affordable housing for 500,000 New Yorkers by the close of Fiscal Year 2014.
Rock Hill CBD Redevelopment Steadily Moves Forward
Rock Hill’s Knowledge Park, an ambitious initiative aiming to redevelop Rock Hill’s urban core, took a major step forward by selecting the project’s master developer.
Sterling Suffolk Racecourse Seeks Approval for $1 Billion Casino in East Boston
Suffolk Downs, the resort-style property located at 525 McClellan Highway in the Suffolk Downs Economic Development Area in East Boston, could be transformed into a $1 billion gambling establishment according to the Letter of Intent that was filed last week with the Boston Redevelopment Authority (BRA).
ABoR Completes Plans for New Headquarters
The almost 9,000 members of the Austin Board of REALTORS® (ABoR) have a new headquarter to look at in the future. ABoR announced the plans to start the construction of a facility that will entail approximately 33,000 square feet displayed on 5.2 acres.
Blue Ocean Realty Buys Downtown Baltimore’s Only LEED Gold EB Certified Office Tower
Baltimore’s 201 North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about $75 per square foot for the property. Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, Lexington Charles Limited Partnership. The deal is the first significant investment sale in downtown Baltimore since 2007.
Seven Springs Owners Confirm Acquisition of Nearby Hidden Valley Resort
The owners of the Seven Springs Mountain Resort officially announced they have reached an agreement to purchase the Hidden Valley Resort from The Buncher Company. Terms of the transaction, effective October 1, have not been disclosed.
Dranoff Properties Ready to Break Ground on One Riverside Place Luxury Rentals
After weeks of debates, the Civic Design Review board of Philadelphia unanimously green lighted on September 3 a mixed-use tower on a triangle-shaped parking lot at the intersection of 25thStreet and Locust Street in the Fitler Square neighborhood.
Nashville Hotel Market Grows with 192-Key Homewood Suites
The first upscale all-suite hotel in Nashville’s West End is fast approaching opening.
Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market
South Carolina sports the strongest growing manufacturing GDP on the East Coast. It should come as no surprise that manufacturing and distribution facilities are a hot asset to be had in the Palmetto State.
The Dump Furniture Store Opens in Lombard; Joint Venture to Develop Evergreen Promenade Shopping Center
One of the largest furniture outlets in the country, The Dump, has recently officially opened its new location in Lombard, Illinois. Featuring a staggering 134,000 square feet, The Dump is now the largest high-end furniture outlet in the Chicago marketplace. The opening of the Lombard outlet confirms the company’s continuous expansion as it becomes the 11th location for The Dump Furniture Store, a division of Virginia Beach-based Haynes Furniture.