National
Rehabilitation Completed at Bed-Stuy Low-Income Building
Renovated project by renovated project, Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP)—a 10-year long, multi-billion dollar initiative that aims to create and preserve 165,000 affordable housing units in the five boroughs by the close of fiscal year 2014—is heading for fruition.
HCA Holds Open House to Preview $65M Poinciana Medical Center
Local community members will get a chance to see for themselves that the long-awaited Poinciana Medical Center is soon to become a reality, as HCA Healthcare has scheduled a VIP tour on July 13.
Garrison Investment Group Acquires Towson Commons
By Adrian Maties, Associate Editor Towson Commons has a new owner. New York-based Garrison Investment Group has purchased the 401,775 square foot mixed-use complex; the acquisition came after two recent major leases on the property. The price of the transaction was not announced. The sale was arranged by Cassidy Turley, a leading U.S. commercial real […]
SkyView Atlanta Ferris Wheel to Open July 16
Starting July 16, Atlanta residents and tourists will get unparalleled views of the city aboard the 20-story SkyView Atlanta Ferris wheel.
Karlin Real Estate Sells GMC Building to Gladstone Commercial Corporation
One of the four national Innovation Centers of General Motors Company has changed owners. Los Angeles-based Karlin Real Estate has rolled over the property located at 717 E. Parmer Lane in North Austin to Gladstone Commercial Corp. for $57.5 million, reports Austin Business Journal. At the same time, Gladstone announced it placed a 10 year non-recourse loan through Cantor Commercial Real Estate that covers at least part of the acquisition amount.
University of Michigan-Dearborn to Open New Student Housing
Beginning this fall, the students enrolled at the University of Michigan-Dearborn will have access to a new housing complex located directly across Evergreen Road from the university campus.
PMC Property Group Plans to Repurpose Pittsburgh’s Clark Building into Apartments
The upper floors of the 23-story Clark Building on Liberty Avenue in downtown Pittsburgh could soon be converted into one- and two-bedroom apartments.
Office Building Acquisition Confirms Interest in Silicon Valley Still High
Silicon Valley has been going from strength to strength over the past year as its office market has seen sustained growth. It doesn’t hurt that Apple is planning a massive spaceship-shaped HQ in Cupertino while the Googleplex in Mountain View is already a staple of the region. Now a new deal is set to catch the attention of investors as Grosvenor Americas has sealed a deal making it the new owner of a San Jose office building. Century Plaza II was bought from German company Deka Immobilien, represented in the transaction by Savills LLC, for an undisclosed amount.
Historic Building Takes the LEED in Nashville
The Bridge Building, a historic Nashville structure, now holds the highest score in U.S. Green Building Council’s LEED for Core and Shell category with a record-breaking 99 points out of the maximum 110 – a 90 percent score.
Centerline Capital Group Refinances Two M-F Properties in Uptown Chicago
Centerline Capital Group, a subsidiary of Centerline Holding Company, recently announced it has completed a two property cash out portfolio refinance on multifamily properties located in Chicago.