National
Kemper’s Lincoln Square Development Moves Forward With Building Permits
By Alex Girda, Associate Editor Bellevue’s Lincoln Square expansion project is set to recapture the attention of local developers and officials as the company heading the project recently applied for building permits. Kemper Development Company already has a visible presence in downtown Bellevue through its Bellevue Collection comprising Bellevue Square and Bellevue Place, as well […]
Renovation Completed at Boston Marriott Copley Place; Potential Hilton Garden Inn Hotel Pending Approval
The award-winning Boston Marriott Copley Place completed a complex renovation of guest rooms, meeting space, health club and pool areas. Conveniently located at 110 Huntington Avenue in the city’s historic Back Bay district, the hotel has been completely re-imagined over the five-year re-design process. Inspired by nature, the building’s 1,100 guestrooms were renovated under the Marriott Hotels & Resorts Refreshing Mint interior design signature palette, which combines splashes of mint green with chocolate brown hues.
Nabisco Becomes U-Haul Self-Storage Location; Urban Farm Receives Grant for Solar System
By Veronica Grecu, Associate Editor AMERCO Real Estate, the parent company that owns U-Haul International based in Phoenix, AZ, has recently acquired one of Detroit’s historic buildings, the 250,000-square-foot National Biscuit Company (Nabisco) located at 899 West Baltimore Street, expanding its network of self-storage locations in the city. The company’s acquisition is part of the […]
$22M Mixed-Use Development to Break Ground in Downtown Yonkers; Valuation Expert Steven Kurtz Joins Avison Young as Principal
Development company Rising Development recently got the green light from the Yonkers Industrial Development Agency (YIDA) to go on with a $22 million project that would transform five properties in the downtown area into residential, retail and restaurant space. According to LoHud.com, YIDA has granted more than $500,000 in tax exemptions on mortgage and building materials used for the project, which aims to revitalize the city’s downtown and waterfront and attract further developers in the area.
Corydon Acquires Historic Building for Occupancy; 16 Downtown Apartments for Sale
The Corydon Group has acquired a 17,000-square-foot historic building in Indianapolis for $1.4 million. The public affairs firm purchased the vacant property at 125 W. Market Street from local businessman John Thompson. According to the Indianapolis Business Journal, the Corydon Group plans to renovate the building by early November and occupy the 4,200-square-foot top floor of the three-story building. The first and second levels will be leased, Corydon Group founder Chris Gibson told the newspaper. Financing of the purchase and the improvements is handled by Key Bank, and the renovations will be performed by Blaze Construction. An archivist has also been hired to investigate the property’s history, which could date back to the 1880s.
Industrial Developments Abound in Metro Charlotte; $7M Retail Project Breaks Ground
By Eliza Theiss, Associate Editor Metropolitan Charlotte’s industrial market has been on the rise for some time and shows no sign of slowing down. Recently, Lincoln County’s newest business park got its first resident, reports the Charlotte Business Journal. Hydac Technology Corp., a German manufacturer of hydraulic valves, filters and various other elements, broke ground […]
Dept. of Health Seeks 1M SF For-Rent Space in an Office Park
by Adriana Pop, Associate Editor The state Department of Health & Human Services (DHHS) plans to consolidate its 60 offices in Wake County into a 1 million-square-foot office campus in the Triangle region. According to the Triangle Business Journal, 10 real estate developer groups have responded to the request for proposals issued by the N.C. Department of […]
Tishman Speyer Plans to Sell 31-Story Office Tower in Downtown Chicago
By Gabriel Circiog, Associate Editor Tishman Speyer Properties LP is planning to take advantage of Chicago’s strong downtown office investment market and has decided to put up for sale a West Loop office tower, ChicagoRealEstateDaily.com reports. The 31-story office building, located at 125 South Wacker Dr., was acquired by Tishman in December 2004 for $44 […]
Construction Underway on Transit-Oriented Affordable Housing Project
By Gabriel Circiog, Associate Editor The Urban Land Conservancy and Medici Communities LLC broke ground on a new affordable housing project using Denver’s Transit-Oriented Development Fund. Located at the Evans Light Rail Station in south Denver, the Evans Station Lofts will bring 50 new affordable rentals to the Denver market. The TOD Fund was used […]
Inland’s University House Ready for August Opening, Fully Pre-Leased
With an opening date set for later this month, Inland American Communities Group’s University House student apartment community is now 100 percent leased.