National
Carr, Invesco and JOSS Buy Capital-Area Office Properties
The Washington, D.C, office market continues to heat up. At the start of the month, First Potomac Realty Trust paid $41 million for the Class A office building at 1775 Wiehle Ave., in Reston. Just days later, Finmarc Management Inc. announced the $31.5 million acquisition of a two-building office portfolio in Alexandria. Now, three more office properties in the Washington, D.C. area have changed hands.
SugarHouse Casino Kicks Off $164 Million Expansion Project
Almost four years after it celebrated its grand opening, the first casino to operate in Philadelphia broke ground on a long-planned $164 million expansion project that is expected to generate hundreds of new jobs and millions in economic benefits for the city.
Stalled DuCharme Place Project in Lafayette Park to Reemerge as 185-Unit Residential Community
Ten years since architects came up with design plans for a town home community in Lafayette Park, the DuCharme Place residential project is ready to take off—this time with a scaled-down design and backed by a $5 million tax increment awarded by the Detroit Brownfield Redevelopment Authority.
Ambling University Development Plans Major Apartment Community in Pittsburgh
One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.
Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification
The San Francisco 49ers are moving to Santa Clara, as the newly-completed Levi’s Stadium will be the home of the NFL franchise starting with the upcoming season.
Construction Begins On Chicago’s New Wolf Point West Tower
Chicago officials gathered on July 18th to celebrate the start of construction on a new 48-story luxury residential tower. Developed by Hines in partnership with the Magellan Development Group, the building will be part of a larger master plan designed by Connecticut-based Pelli Clarke Pelli Architects
New Class AA Spec Building Coming To Denver’s Belleview Station
One Belleview Station, a Class AA, LEED Gold office building is coming to Denver’s downtown district. The transit-oriented, 16-story building will feature 310,000 square feet of office space and is a rare speculative development in the Denver area.
Developers Break Ground on $120M Border Project Linking San Diego and Tijuana
After nearly six years of planning a unique project recently broke ground in the San Diego area. Developers have officially started work on the Cross Border Xpress, a $120 million private venture that will build a new elevated, pedestrian bridge for Tijuana International Airport. The project is the first facility in the U.S. that connects directly into a foreign airport terminal. The development company is Otay Tijuana Ventures LLC, an entity supported by shareholders from both America and Mexico.
Las Vegas in the Mix for Pro Soccer’s Next Expansion
Las Vegas is a city aching to get a major sports franchise for a while now, but it seems that the NFL, NBA, MLB and NHL are currently satisfied with the number of teams that they currently allow. The success of the Las Vegas Summer League has galvanized discussion regarding an expansion franchise to the city, but the league is cycling through a number of potential cities in case of an expansion. One sport that has been gaining notoriety with the American public in recent weeks, mainly due to the monster success of the 2014 FIFA World Cup in Brazil, is soccer.
Master-Planned Community’s First Homes at Wendell Falls to Open by Next Spring
The first homes at Wendell Falls, Newland Communities’ 1,115-acre master-planned development in eastern Wake County, are scheduled for completion by next spring.