National
Al Jazeera to Open Detroit News Bureau, Expand US Presence
Al Jazeera, the Arab media channel headquartered in Qatar, will open a Detroit bureau as part of the organization’s plan to consolidate its operations in the U.S. and provide both international and domestic news for American audiences.
Trophy AT&T Office Campus in Midtown Atlanta Trades for $225M
A partnership between private real estate investment sponsor Macfarlan Capital Partners and an entity associated with Cole Real Estate Investments has recently paid $225 million for a Class A trophy office campus leased to AT&T located in Midtown Atlanta.
Adolfson & Peterson Buys Charlotte Location for $2.5M; Fifth Third Center Applauded for Energy Efficiency
Minneapolis-based Adolfson & Peterson Construction (A&P) has announced the purchase of the Fowler Building, the company’s Charlotte location.
$340M in BP Restoration Funds Coming to Louisiana
It’s been just a little over three years since the BP Deepwater Horizon oil spill (also known as the Macondo blowout), the largest, most devastating marine oil spill in history which devastated the Gulf of Mexico.
Milhaus’s $26M Downtown Redevelopment Obtains Rezoning, Design Approvals
Milhaus Development has received design and rezoning approvals from the Historic Preservation Commission to repurpose the former Mitchell & Scott industrial site in downtown Indianapolis into a five-building apartment complex.
Located in the Chatham-Arch historic district, the $26 million project will bring a total of 236 apartments, including studio, one-, two- and three-bedroom units. Rents will range between $900 and $2,000 per month.
Writer George Martin Purchases, to Renovate Jean Cocteau Cinema
George R. R. Martin needs no further introduction. Since his bestseller novel, A Song of Ice and Fire, has seen the printer’s ink, he’s become one of the world’s most influential people. HBO recognized the success and turned it into the very popular dramatic series, Game of Thrones. The novel is yet to be finished, readers and movie fans are looking forward to the sixth and seventh books of the series.
Brooklyn’s Gateway Elton Street Moves to Phase II
Two years after work started on Gateway Elton Street, a three-phase public/private green housing development in the Spring Creek neighborhood of Brooklyn, representatives of the NYC Department of Housing Preservation and Development (HPD) and the Hudson Companies , Related Companies, and CAMBA Housing Ventures gathered at the site to celebrate the groundbreaking of the project’s next phase.
32-story Uptown Office Building Hits the Market
Following hot on the heels of last week’s sale of One Wells Fargo Center another uptown office high-rise has just hit the market.
Children’s Hospital of San Antonio Receives $20M Donation from Goldsbury Foundation
The Goldsbury Foundation announced its contribution of $20 million to the renovation of Children’s Hospital of San Antonio. This is the most consistent donation in the history of Christus Santa Rosa Health System. The sum will be paid out over the next five years.
Iconic Seattle M-F Property Trades Hands for $94M
Seattle’s multifamily market has recently taken a backseat to the impressive milestones of the Amazon-driven office market. However, during the past few weeks, the residential market seems to have picked up its pace and is now also breaking all sorts of records. The recent trade of the Archstone Belltown building recently became one of the largest residential transactions in recent memory after Mill Creek Residential Trust LLC acquired the building for a fee of $94 million from seller Equity Residential.