National
Prudential Acquires Retail and Restaurant Space in John Hancock’s Center for Almost $142 Million
By Gabriel Circiog, Associate Editor John Hancock Center’s retail and restaurant space has been acquired by Prudential Real Estate Investors for close to $142 million, ChicagoRealEstateDaily.com reports. As previously reported by Commercial Property Executive, a joint venture including Deutsche Bank A.G. and NorthStar Realty Finance Corp. seized the property earlier this year after a joint […]
Work Advances at Vertex’s Future Fan Pier Headquarters
Work on the Eleven Fan Pier Boulevard, one of the 18-story towers at the Fan Pier development site, reached a milestone recently when iron workers raised the final beam to complete the building’s structural framework.
Saxon Crossing Trades for $21M; Pollack Shores Buys 396-Unit Community for Nearly $24M
The recently completed Saxon Crossings—a 119,894-square-foot shopping center in Orange County—was acquired by Inland Real Estate Acquisitions for approximately $20.73 million. The property, currently 100 percent leased with Hobby Lobby as the anchor tenant, is also home to LA Fitness, Papa John’s and Jimmy John’s.
Trophy Tower 999 Peachtree Hits the Market
By Georgiana Mihaila, Associate Editor Jamestown Properties, the company that bought the former First Union Plaza in 2007 for approximately $127 million, is now seeking a buyer for the iconic 28-story Midtown tower. A year after the purchase, owner Jamestown Properties had hired Atlanta-based Cousins Properties to manage, lease and enhance the 999 Peachtree Street […]
San Fernando Valley Apartment Community Awaiting New Owner
By Alex Girda, Associate Editor Marcus & Millichap/Institutional Property Advisors is currently marketing a North Hollywood multifamily property for approximately $30 million. The Marquee Apartments is a residential community in the eastern part of the San Fernando Valley community of North Hollywood, at 12300 Sherman Way. The team that is handling the fee-simple interest in […]
MICA to Invest $18.5 Million in Student Housing Projects
By Adrian Maties, Associate Editor The Maryland Institute College of Art (MICA) has announced it will break ground in late fall on a $16.5 million student housing expansion project. The addition will help MICA provide housing for more than half its undergraduates and will also lead the revitalization of Baltimore’s North Avenue corridor and northern […]
New Affordable Rental Units Available in Bedford-Stuyvesant
By Veronica Grecu, Associate Editor A new affordable housing complex was inaugurated last week in Brooklyn’s Bedford-Stuyvesant neighborhood during an official ceremony attended by representatives of the New York City Department of Housing Preservation and Development (HPD), development partners and residents. Created as part of Mayor Michael Bloomberg’s New Housing Marketplace Plan, which aims to […]
Eastland Mall May Get New Life
By Eliza Theiss, Associate Editor Eastland Mall, eastern Charlotte’s once-reigning shopping mall, could once again become a revenue-generating property. According to a report by the Charlotte Observer, officials have put the purchase of Eastland on the city’s immediate agenda with a reported $13.2 million price tag. If the city were to acquire the mall, it […]
Albuquerque Plans $20M Facelift for Convention Center
Albuquerque Mayor Richard Berry recently unveiled a $20 million plan to redesign the exterior of the Albuquerque Convention Center. Twenty-one years have passed since the Convention Center, built in 1972, received a fresh look, according to Cvent Blog. he redesign will focus on the center’s west end and will turn it into a space that represents Albuquerque and New Mexico, much like the Albuquerque International Sunport, reported New Mexico Business Weekly.
Luxury Apartments to Rise in Marigny
By Eliza Theiss, Associate Editor New Orleans is reaching for new residential heights. Or at least some of its developers are–like Sean Cummings. The notorious Crescent City developer recently presented plans for a 74-foot-tall apartment building before the New Orleans City Planning Commission and received approval to bring his plans before the city council, reported […]