National
Orlando Health Breaks Ground on $297M Redesign and Renovation Project
On April 26, Orlando Regional Medical Center’s latest community investment—dubbed The Redesign and Renovation project—had its official groundbreaking ceremony. The event was attended by ORMC team members, as well as community leaders and government officials.
eBay Signs 35,000 SF Office Lease in Manhattan
Just months after Twitter opened its first New York office and Facebook revealed details about adding an engineering center to its existing office, it seems to be eBay’s turn to take a bite of the Big Apple. The online auction and shopping site recently announced plans to open a technology center in Manhattan’s Chelsea neighborhood
Parkway Properties to Purchase Hearst Tower
By Eliza Theiss, Associate Editor Investor confidence in the Charlotte office market seems to be on the rise. Following the recent sale of the Coliseum Centre, dubbed ‘deal of the week’ by The Wall Street Journal, another multimillion dollar office property transaction is in the works in the Queen City. Parkway Properties, an Orlando-based real […]
Zeller Realty, Invesco Partner to Buy Fifth Street Towers
By Gabriel Circiog, Associate Editor Zeller Realty Group and Invesco Real Estate have teamed up to acquire Fifth Street Towers at a sheriff’s auction, the Minneapolis / St. Paul Business Journal reports. The 1.1 million-square-foot office complex, located in downtown Minneapolis at 100 and 150 S. Fifth St., consists of two state-of-the-art buildings. The 25-story […]
Detroit Recovery Continues with Approval of Four New Projects
Over the last months Detroit’s recovery effort has become more visible and the four renovation and redevelopment projects approved at the end of April show that the City is not that far from becoming the hot spot for investments.
John Hancock Real Estate Acquires 150 North Michigan Avenue Office Tower
By Gabriel Circiog, Associate Editor The 41-story 150 North Michigan Avenue office tower has been acquired by John Hancock Real Estate—the U.S. unit of Manulfie Real Estate—for $102 million. As previously reported by Commercial Property Executive, Jones Lang LaSalle Inc. was hired by Germany-based SEB Asset Management A.G. to market the property—previously acquired in 1999 […]
Sea-Tac’s $350M Green Rental Car Facility to Debut May 17
By Alex Girda, Associate Editor After four years of construction, a $350 million parking structure designed to streamline car rentals at Seattle-Tacoma International Airport will debut on May 17. The project’s sustainable features earned Silver LEED certification late last month—the biggest consolidated rental car facility to be so recognized by the U.S. Green Building Council. Airport […]
Redeveloping the Broad Street – Washington Avenue Corridor
By Eliza Theiss, Associate Editor Redevelopment, revitalization, rebuilding are the three big Rs of the Crescent City, and with the many scars left behind by Katrina, it’s no wonder. And areas with thousands upon thousands of lots left blighted and abandoned still offer plenty of opportunities for those willing to rebuild and bring back life to […]
H-E-B Opens its Largest SA Store
By Camelia Bulea, Associate Editor H-E-B’s new largest store is located in the San Antonio area’s busiest market for new-home building, at Bandera Road and Loop 1604. It measures 182,000 square feet and is the company’s 10th H-E-B Plus. The Plus store is adjacent to an older H-E-B store, which the company will lease out. […]
$300 Million Mixed-Use Development Planned for Roxbury
P-3 Partners, LLC, a collaboration between Elma Lewis Partners, LLC (ELP) and Feldco Boston, LLC (Feldco), recently revealed plans for a 1 million mixed-use development in Boston’s Roxbury neighborhood, on a vacant plot at the southeast corner of Tremont Street and Whittier Street. The roughly 8-acre parcel is part of Mayor Thomas Menino’s ambitious plan for Roxbury, according to data from the Boston Redevelopment Authority (BRA), which has the final word on the project.