National
Construction to Start This Month on University Station’s $54M First Phase
Xavier University is getting ready to start work together with Messer Construction Co. and Ackermann Group on a long-delayed apartment and retail development at Montgomery Road and Cleneay Avenue, adjacent to the university’s campus.
Waikiki Office Building Undergoes $5.5M Renovation
San Diego-based real estate investment firm Parallel Capital Partners has completed the $5.5 million renovation of the 10-story office building in downtown Honolulu.
Clear Lake Regional Medical to Offer Enhanced Care after $92M Expansion
Clear Lake Regional Medical CenterLooking to better serve the Bay Area Houston community, Clear Lake Regional Medical Center has invested $92 million in a comprehensive expansion that included the addition of a new patient tower.
Ryan Cos. Awarded Parking Ramp, Skyway Construction Contract
Ryan Companies has been awarded the parking ramp and skyway construction contract as part of the $975 million new multi-purpose Viking’s stadium development which will replace the Metrodome. The announcement was made by The Minnesota Sports Facilities Authority, which mentioned that the stadium legislation calls for 2,000 parking spaces connected by skyway and 500 within one block of the new stadium.
Proposed Alexandria Athletics Complex Would Be Largest in D.C. Area
The city of Alexandria has received an unsolicited proposal from the St. James Group LLC to develop a huge athletics complex on the 15-acre Hensley Park. If constructed, the St. James Sports & Entertainment Complex would be the largest athletics complex in the Washington D.C. area, featuring baseball, ice hockey, rock climbing and more.
21c Museum Hotels to Convert SunTrust Building to Hotel for $48M
21c Museum Hotels of Louisville, Kentucky is reconverting the former SunTrust Building in downtown Durham into a hotel, restaurant and art museum.
Properties, Including Iconic Red Rose Inn, to Be Auctioned Under Chapter 11
Pending bankruptcy court approval, Red Rose Inn & Suites in Plant City, as well as other remaining properties owned by the Madonia family will see a change in ownership through a series of live and online auctions that are to be held in August.
Bridge Investment Affiliate Purchases Complex for $26M from JI Kislak Entity
In a $25.65 million deal, an affiliate of Murray, UT – based Bridge Investment Group Partners, LLC, has acquired a 360-unit apartment complex at 951 West Orange Grove in Tucson. The seller, an affiliate of JI Kislak, Inc. of Miami, FL, had owned the property since 2000.
Friedman Recycling Opens $21M Facility in Albuquerque
The fruitful collaboration between Mayor Richard J. Berry and Friedman Recycling has led to a successful result – the opening of the single stream materials recovery facility in Albuquerque. “This new facility is a symbol of our commitment to recycling and forever changes the way Albuquerque recycles,” Mayor Berry said. The new facility not only demonstrates care for the city and the environment, but also for the economy as it brings with it 35 new jobs that over time will grow to 75.
State Announces Three New Sustainable Communities in Baltimore County
Great news for three Baltimore county areas. The Maryland Department of Housing and Community Development and Maryland Department of Planning have designated Catonsville/Patapsco, Greater Dundalk, and Hillendale/Parkville/Overlea as sustainable community areas under the state’s Sustainable Communities Act of 2010.