National
Ground Broken on $400 Million Horseshoe Casino Baltimore
Ground was broken Wednesday, May 29, on Maryland’s newest casino, Horseshoe Baltimore. At the groundbreaking ceremony held by CBAC Gaming, LLC, the consortium developing the casino, Caesars Entertainment Chairman, President and CEO Gary Loveman joined Baltimore Mayor Stephanie Rawlings –Blake in throwing a pair of oversized, red dice on a ceremonial craps table, to mark the official start of construction on the $400 million facility.
Midtown Manhattan Hospitality Market Heating Up with New EVEN, SpringHill Hotels
InterContinental Hotels Group (IHG) announced it has decided on a second location for a new EVEN Hotels property in New York City, under an ownership group led by long time business partners Frank Chan and Lance Steinberg. Located at 321 West 35th Street in Midtown Manhattan, the new EVEN Hotels property will add 150 guest rooms over 25 guest rooms floors to the city’s ever-growing hospitality market.
Mission Bay Strengthens Image as Life Sciences Hub with New Lease
Mission Bay’s reputation as a leading international life science hub is set to be confirmed as yet another company activating in the field announced that it is moving to the area. Represented by Alexandria Real Estate Equities the mid-cap life sciences company has completed a leasing deal at 499 Illinois Street, near the existing UCSF’s research campus and hospital complex. The agreement will keep the company in the area for at least 10 years in an area that produces world-class workforce in the life sciences industry, and provides one of the best work environments in the entire country.
Yahoo’s New Home in Manhattan
Hot on the heels of the $1.1 billion acquisition of Tumblr, the fast-growing social blogging platform, Yahoo! announced that the company’s New York City-based offices will move in a central location in Manhattan.
Whispering Hills Apartment Complex Attracts Dallas Investor
The San Antonio multifamily market is of growing interest for out-of-town buyers. The region’s bright economic outlook has attracted a growing number of investors in the past 12 months.
Bellevue Collection Set for Massive Expansion as Kemper Looks to Continue 65-Year Legacy
One of the largest development projects in the Seattle metro area was recently announced when local real estate company Kemper Development said that it has plans to expand its Bellevue Collection asset. The existing property is currently one of Bellevue’s focal points, including spots such as the Bellevue Square shopping mall, Bellevue Place with the Hyatt Regency and Lincoln Square, including a cinema, dining spots, and a Westin hotel.
New Hilton Garden Inn Coming to Akron’s East End Development
Akron will soon say hello to a new hotel. IRG Rubber City LLC and Summit Development Inc. have signed an agreement with Hilton Worldwide to bring a new Hilton Garden Inn to the city’s East End development.
First Phase of Ward Village to Bring More Than 900 Condominiums Downtown
The Howard Hughes Corp. has announced plans to develop three condominium high-rises in Honolulu’s Kakaako neighborhood, as part of the Ward Village master plan.
Centerline Funds $6.7M Fannie Mae Loan for Jacksonville M-F Property
The 136-unit Pinewood Pointe Apartments has recently been refinanced by a $6.75 million Fannie Mae fixed-rate, affordable loan provided by Centerline Capital Group—a subsidiary of Centerline Holding Company.
Development to Move Ahead on 5,000-Acre, Long-Stalled, Former Ranch
A 5,000-acre master-planned community planned for the southeast fringes of metro Tucson is back on track. Dubbed Rocking “K” Ranch, the property was once an active cattle ranch, and adjoins the 66,947 acre Saguaro National Park East.