National
Historic Sparrows Point Steel Mill Sold For $72M
By Adrian Maties, Associate Editor On Wednesday, August 15, a federal bankruptcy judge in Wilmington, Delaware, approved the sale of the historic Sparrows Point steel mill. The property was sold to liquidator Hilco Trading of Illinois and St. Louis-based Environmental Liability Transfer for about $72.5 million. Its owner, RG Steel LLC, filed for Chapter 11 […]
Akron Children’s Announces $200M Tower Expansion
By Adrian Maties, Associate Editor Akron Children’s Hospital has announced its plans to build a $200 million expansion of its campus in downtown Akron. The project is called ”Building on the Promise” and will help the hospital keep up with the increase in patients and services. This is Akron Children’s first major project in 22 […]
Kreiger JV Buys Villas at Langley; Grady Management Prepares to Start M-F
By Adrian Maties, Associate Editor Sawyer Realty Holdings sold the Villas at Langley, an apartment complex in Hyattsville, to Krieger Boulevard L.L.C. and Krieger Skyline L.L.C. The cost of the transaction was $48 million, or about $81,000 per unit. Transwestern’s Mid-Atlantic multifamily group represented the seller. The Villas at Langley is a 590-unit complex located at […]
Architect Chosen to Design $8.6M Eddy County Sherrif’s Offices
Albuquerque-based Van H. Gilbert Architect PC (VHGA) has won the bid to design the new Eddy County Sheriff’s Department offices. The $8.6 million project already has most of the financing necessary fior construction. New Mexico Business Weekly quoted County Manager Allen Sartin saying that $2 million for the law enforcement complex had been set aside, and another $5 million would be allocated the next year.
City Approves Pedestrian Skywalk for Downtown Parking Garage
by Adriana Pop, Associate Editor The Metropolitan Development Commission has approved Flaherty & Collins Properties’ request to add two upper-level pedestrian connectors to the five-story parking garage planned for downtown Indianapolis. According to the Indianapolis Business Journal, one of the bridges would lead to West New York Street to the south of the garage, connecting […]
Sonesta ES Suites Charlotte Opens; $27M Facility for Green Energy Player
By Eliza Theiss, Associate Editor The city of Charlotte recently added a new hotel to its ever-growing hospitality industry. Located at 7925 Forest Pine Dr. in the southern part of the city, Sonesta ES Suites Charlotte is a chapter of Sonesta International Hotels Corporation—a global collection of upscale and extended-stay hotels, resorts and cruise ships. […]
Continental Properties Breaks Ground on The Springs at Stone Oak Village
By Camelia Bulea, Associate Editor While the single-family housing market in San Antonio attempts to recover from the collapse, the multifamily market is seeing important growth, mainly due to renter demand. With an occupancy rate of 94 percent, San Antonio’s far North Side is rapidly growing in popularity, creating the necessary requirements for a booming […]
Louisiana Housing Corp. Opens 224-Unit Senior Living Center
By Eliza Theiss, Associate Editor New Orleans’ newest seniors housing community, the 224-unit Village de Jardin targeting residents 55 and older, has announced an opening date of Aug. 14, reported New Orleans CityBusiness. Located at 8801 Lake Forest Blvd. in eastern New Orleans, the senior living community has been developed on the site of the […]
Raven Purchases Foreclosed Northwest Plaza Mall, Plans $106M Redevelopment
The Northwest Plaza shopping mall in St. Ann is set to get a new lease on life as an entity formed by Raven Development closed on the purchase of the nearly vacant property,
Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex
By Adrian Maties, Associate Editor Cleveland’s Saint Luke’s Hospital closed in 1999 and sat empty in the heart of the Buckeye-Shaker neighborhood until last year. But after private developer Pennrose Properties and other organizations got together and restored the hospital, it became Saint Luke’s Manor, a huge apartment complex that houses independent-living senior citizens. Saint […]