National
Rouse Properties Announces New Leases, Changes to NewPark Mall in Newark
A Newmark retail property is set to be repositioned after owner Rouse Properties announces a number of newly-completed leases and changes to one of its assets. The owning entity is set to revive the NewPark Mall in Newark, Calif. by unveiling a number of new tenants and features into one of the focal points of the area in terms of entertainment, shopping and dining.
Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors
The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted local pride.
Old Woodridge Library Torn Down to Make Way for State-of-the-Art Facility
Mayor Vincent C. Gray and DC Public Library Executive Director Richard Reyes-Gavilan met with residents on Wednesday, May 7, to celebrate the demolition of the old Woodridge Library. It will make way for a new, modern library, able to meet the current and future demands of the community.
Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market
Roundy’s Inc. recently announced that it has decided to fully exit the Minneapolis / St. Paul market. The company has entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis / St. Paul market to a group of local grocery retailers, including Supervalu Inc.
NRP Group Sells Belleza at Cresta Bella Apartments to Inland
The Class A multifamily development Belleza at Cresta Bella Apartments has changed owners. NRP Group LLC turned it over to Illinois-based Inland, a distinguished Real Estate Investment Trust for an undisclosed amount; the sale has been brokered by CBRE.
Outrigger’s Oceanfront Resort in Waikiki to Undergo $100M Revitalization; Watt Advisors Completes Redevelopment of Maui’s First Outlet Center
Outrigger Enterprises Group is planning to invest $100 million in the redevelopment of its Outrigger Reef on the Beach resort in Waikiki.
IndyCar Race Headed for NOLA
New Orleans will host a Verizon IndyCar Series race in 2015, IndyCar officials and Louisiana Governor Bobby Jindal announced along with Laney Chouest, owner of NOLA Motorsport Park, the future venue of the popular event.
HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties
Pacific Northwest property owners and real estate investors are completing financing deals for properties as the area continues to develop, in an attempt to boost their chances at securing promising properties, or improving assets in their existing portfolios. Berkadia Commercial Mortgage LLC and Holiday Fenoglio Fowler LLC both arranged financing deals for properties in Seattle and Portland respectively.
Developers Plan to Break Ground This Fall of Phase I of Intesa
In March 2012, University Circle Inc., a nonprofit corporation established in 1957, announced it had hired the Coral Co. of Cleveland and Panzica Construction Co. of Mayfield Village to develop the Intesa, a mixed-use project, one of the largest to be constructed in Cleveland’s University Circle neighborhood. Ground breaking was scheduled for early 2013, but the project was delayed and many people started to wonder if it will ever happen. The answer is: it will.
Northern Virginia’s First Children’s Science Center to Open In Dulles in 2019
The Children’s Science Center announced on Tuesday, May 6, its plans to open two hands-on, interactive STEM-based facilities (science, technology, engineering and mathematics) in Northern Virginia. The two facilities will be the first of their kind in the region.