National
New Mexico’s Burrell Family Funds $85M Private Medical School
February 2015 will be the start month for the construction of an $85 million private medical school, backed by Santa Fe real estate and mining mogul Dan Burrell and his family. Over the course of 60 years the Burrells will make a $30 million donation to the New Mexico State University Foundation.
vXchnge to Open New Data Center at 1500 Spring Garden Street
With Philadelphia being one of the densest cities in the US according to official data, the demand for data centers and interconnection services is on the rise as well. As a result, many data center-oriented companies are choosing Philadelphia in an attempt to meet the growing demand of for colocation facilities.
Holland Home Announces $6.5 Million Expansion at Grand Rapids Senior Living and Rehab Centre
Holland Home’s Rehabilitation and Living Centre in Grand Rapids will expand this year with a memory-care assisted living unit and a new rehabilitation center.
Michael Baker International, F.N.B. Corporation Establish Headquarters in Pittsburgh
Engineering and consulting services firm Michael Baker International will be relocating its global corporate headquarters from Moon Township to downtown Pittsburgh by the end of this year.
Walton Street Capital Pays $70M for DoubleTree by Hilton
By Eliza Theiss, Associate Editor Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean. The downtown hotel’s new owner is Chicago-based investment firm Walton Street Capital LLC, which […]
HFF Arranges Acquisition of 1400 16th Street by ASB Real Estate Investments
As the city’s office market continues to be white-hot, San Francisco’s assets are increasingly in demand. The latest asset to trade hands is the building located at 1400 16th Street—a historic property sold by Jessica McClintock Inc. to a venture consisting of ASB Real Estate Investments, SKS Partners and ProspectHill Group. An HFF team led by managing director Steven Golubchik, director John Simerlein and senior real estate analyst Josh DiSalle represented the seller in the deal.
PN Hoffman Plans to Bring 108 Condos to D.C.’s Southwest Waterfront
PN Hoffman announced on July 9 its plans to redevelop the St. Augustine’s Church site in Washington, D.C.’s Southwest Waterfront neighborhood. The project will deliver a new church facing Maine Avenue, as well as a new condominium building right next to it.
Nets Unveil Plans for $45 Million Training Center in Brooklyn’s Industry City
Major professional sports teams seem to be on a race for new practice facilities. Shortly after the Philadelphia 76ers revealed plans for their own training center in Camden and the Boston Bruins inked a long-term lease deal for a hockey rink at Boston Landing, the Brooklyn Nets announced they will build a new practice facility at Industry City in Brooklyn’s Sunset Park section.
Boston Bruins Sign Lease Agreement for New Practice Facility at Boston Landing
After having spent nearly three decades at the outdated Ristuccia Memorial Arena, the Boston Bruins will move closer to their fans into a new practice facility in the Allston/Brighton neighborhood.
Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million
An affordable housing community catering to seniors was recently sold by the Christ Unity Church in a deal worth approximately $22.5 million. The property in question is Christ Unity Manor in Koreatown, an asset that waited approximately 15 months, eight months of which the property spent in escrow, to be traded. The sale was handled by real estate brokerage Colliers International. Although a large number of companies inquired about the property, the winning bid belonged to Vitus Group.