National
Walmart Goes Solar in 27 Massachusetts Stores
Greenskies Renewable Energy LLC, a Middletown, Conn.-based company specialized in the design and implementation of solar energy systems, has teamed up with chain store Walmart to install crystalline solar panels on 27 of the retailer’s Massachussetts stores over the next two years.
Doug Manchester Proposes $200 Million Mixed-Use Development for U-T Site
By Gabriel Circiog, Associate Editor The San Diego Union-Tribune publisher—and developer Douglas F. Manchester—propose a $200 million mixed-use development for the U-T site in Mission Valley. The city of San Diego will start preliminary review of the plan later this year, the San Diego Business Journal reports. The City of San Diego’s project manager, William […]
Downsized Marina View Project Could Roll Out Again, Needs Improvement
Marina View, a failed 30-story, $100 million project proposed by developer Lou Cicalese in 2005 for Philadelphia’s Central Delaware Waterfront, could see new life as a scaled-down apartment building. As reported by the Philadelphia Business Journal, the developer has teamed up with the same contractors—Ensemble Real Estate Investments and BLT Architects—to build a 180-unit residential building at 230 N. Christopher Columbus Boulevard on top of a 3-story podium base of structured parking.
New Upscale Retirement Village Coming to Grosse Pointe Woods
By Veronica Grecu, Associate Editor Work on The Rivers of Grosse Pointe Continuing Care Retirement Community (CCRC) could begin in a few weeks on the site that once housed the Children’s Home of Detroit. According to Patch.com, the project, which is being developed by the owners of Riverview Health and Rehab on East Warren, was […]
Lake Nona Partners with GE to Deliver World-Class Energy Efficient, Healthy Community
Lake Nona—the 7,000-acre master planned community that will rise within the city limits of Orlando—is determined to rival the world’s largest health and sustainability communities, and has set up a partnership with GE to achieve this goal.
Quicken Loans Mortgage Services Grows in Charlotte
By Eliza Theiss, Associate Editor Quicken Loans Mortgage Services (QLMS) of Quicken Loans Inc., the country’s largest online lender, has announced plans to expand its Queen City offices. QLMS, a mortgage service provider to community banks, credit unions and mortgage professionals in all 50 states will expand its Charlotte presence by increasing both office space […]
City Opens $13.4M South Shore Riverfront Park
by Adriana Pop, Associate Editor City officials joined development stakeholders and community partners to celebrate the opening of the 3.2-acre South Shore Riverfront Park at the Monongahela River shoreline. The $13.4 million project is developed on the former LTV steel industrial site. The urban park was funded with approximately $10.6 million in federal, state and local […]
$480 Million Deal for Russell Investments Center is West’s Biggest Since 2006
By Alex Girda, Associate Editor In the western U.S.’s largest single-asset office sale since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle’s central business district. A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. The transaction adds the property to another nearby CommonWealth asset–Safeco Plaza, a 755,000-square-foot, 50-story […]
80-Unit Student Housing Complex Trades in Orem
By Alex Girda, Associate Editor An 80-unit, 300-bed student housing complex near Utah Valley University in Orem recently came under new ownership. The asset, College Terrace Apartments, is located at 643 West 1200 South near Interstate 15. Completed in 1985, the 64,500-square-foot complex is located on a 2.6-acre site in one of Utah’s fastest-growing student […]
High-Profile Industry Professionals Join Avison Young NYC Office
Less than two weeks since opening its first New York City office and appointing former Cushman & Wakefield CEO Arthur J. Mirante, II as Principal and Tri-State President, Canada-based commercial brokerage company Avison Young has hired a prominent investment sales team to continue its aggressive expansion in Manhattan.