National
Meijer Officially Breaks Ground on Second Store in Detroit
The site of the former Redford High School located at the corner of Grand River Avenue and McNichols Roadis being redeveloped into a “supercenter” grocery store by Meijer Inc.
Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh’s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment
The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports.
Model Homes Available at Crescent Communities’ Lockwood Glen
Model homes have recently opened in Crescent Communities’ 220-acre master-planned community Lockwood Glen, announced the Charlotte-based developer. Located in Nashville’s historic Franklin suburb, one of the hottest submarket in metro Nashville, the 220-acre master-planned community of Lockwood Glenn is located close to Franklin’s business district and a short drive from downtown Nashville.
Zendesk HQ Acquired by ASB Real Estate Investments in $60 Million Deal
989 Market Street, the San Francisco home of cloud-based help desk provider Zendesk, just traded hands in a deal worth approximately $61.3 million. The office asset was acquired by ASB Real Estate Investments from seller Harbert Management Corporation, a deal in which the seller received more than double what it had paid for the property back in 2011. This recent purchase was made on behalf of ASB’s Allegiance Real Estate Fund, a $3.5 billion vehicle.
Revolution Places Joint Ventures with KSL Capital to Expand Miraval Resort & Spa Internationally
A joint venture came into being recently between real estate investors Revolution Places and KSL Capital Partners, LLC and the firms announced an agreement to take ownership of Miraval Resort & Spa, respectively, to expand the wellness luxury spa from its current Tucson location to new destinations in the US, Europe, etc. No financial terms were disclosed.
Moderate-Income Apartments in Downtown Albuquerque Nears Completion
The mixed-use project located at the periphery of Albuquerque’s Central Business District along historic Route 66 at 901 Park Avenue SW is nearing completion. The opening date is set for August 8, reports Albuquerque Business First.
Proskauer, Albright Stonebridge Expand in D.C.
Two international firms are expanding their presence in Washington, D.C. Global law firm Proskauer and the Albright Stonebridge Group, an international strategy consulting firm founded in 2001 by Madeleine Albright, have recently signed two leases totaling over 80,000 square feet of office space.
UMOM Details Plans for Affordable Housing Project in Sunnyslope
A new affordable housing project is coming to Phoenix through the initiative of UMOM and through the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation.
OU Regents Approve $370 Million Redevelopment of Gaylord Family-Oklahoma Memorial Stadium
The University of Oklahoma Board of Regents recently approved a proposal from OU Athletics to proceed with the development plans and projects for a major revamping of the Gaylord Family – Oklahoma Memorial Stadium.
Milhaus Development Breaks Ground $13M M-F Project in Cincinnati’s Northside
Milhaus Development finally started construction on the Gantry, a $13 million project expected to revitalize the former lumberyard and railroad depot in Cincinnati’s historic Northside neighborhood. It is the first new construction project of its magnitude to be developed in the Northside community in many, many years.