National
Work Expected to Begin on Long-Stalled East Boston Residential Project
A new multifamily project is ready to break ground in East Boston, one of the most promising but underdeveloped areas in the city’s Innovation District. More than ten years after designing the first sketches and several failed development attempts, New Jersey-based developer Roseland Property Co. is finally moving on with Phase I of Portside at East Pier, a long-stalled project at Marginal and Lewis Streets on the East Boston waterfront.
Highwoods Buys Trophy Buckhead Office Tower in $147M Deal
Following a $146.7 deal, Highwoods Properties is now the owner of Atlanta’s iconic Two Alliance Center office building.
Industrial Leases Pick Up in Baltimore
As we’ve previously reported, the Baltimore Metro Area industrial market is seeing a lot of activity lately.
Detroit Housing Occupancy Level Tightens as Chrysler Opens New Office, Relocates Employees
By Veronica Grecu, Associate Editor More than one year has passed since the U.S. Department of Housing and Urban Development (HUD) removed Detroit from the “troubled designation list” due to improvements in the housing status and added it to the list of standard performing cities. Detroit’s revival plans have been focused around two major incentive […]
FelCor Sheds Nashville Hotel in Package Deal Worth $70M
By Eliza Theiss, Associate Editor FelCor Lodging Trust Incorporated recently announced entering an agreement to sell two hotel properties in the Southern US for a combined price of $70 million. The properties are the 296-key Embassy Suites Nashville—Airport and the 370-key Embassy Suites Hotel New Orleans—Convention Center. Located at 10 Century Blvd. Embassy Suites Nashville—Airport is […]
Developers Plan 450 Apartments in West Chester
With vacancies dropping and rents growing, apartment construction is on the rise in the Cincinnati Metro Area, and Marcus & Millichap predicts that by year-end the stock will have increased by 1.1 percent as developers finish 1,000 apartments.
Phase Two of Ward Village Shops Welcomes New Tenants
By Adriana Pop, Associate Editor The Howard Hughes Corp. announced the first tenant for Phase Two of Ward Village Shops, a 57,000-square foot, two-level retail center along Auahi Street in the heart of the Kaka’ako district in Honolulu. Pier 1 Imports will occupy 12,688 square feet at the new retail center, which is scheduled to […]
Niagara Bottling to Build 356 KSF Facility in Lakeview Business Park
Niagara Bottling will soon be headed to the Houston area, as the bottling company recently purchased a 25.7-acre site in Trammell Crow Co.’s Lakeview Business Park in Missouri City, Texas.
New NYU Academic Center Opens–in Washington, DC
By Adrian Maties, Associate Editor New York University, the world’s first Global Network University, opened a new academic facility in Washington, D.C., on Sept. 24. It will give NYU students a chance to study “abroad” (or “study away,” as the case may be) in the nation’s capital. NYU president John Sexton and board of trustees […]
Thompson Thrift to Break Ground on Fishers Marketplace Mixed-Use Redevelopment
Terre Haute-based Thompson Thrift is set to break ground on the mixed-use Fishers Marketplace redevelopment at State Road 37 and 131st Street. The first phase of the project will include a luxury apartment complex and a retail center, the Indianapolis Business Journal reports. Construction of the Addison Landing at Fishers Marketplace, a 294-unit high-end apartment complex, is scheduled to begin before the end of the year. The $25 million project will include one- to three-bedroom apartments and will be developed on 17 acres of land owned by locally based Rookwood Builders. New York-based Create Architecture Planning & Design will give the structure a distinct, upscale look, Ashlee Boyd, senior vice president at Thompson Thrift, told the newspaper. The project should be completed by the end of 2013.