National
New Orleans Investments Create Hundreds of New IT, Industrial Jobs
New Orleans recently saw a slew of investments worth tens of millions and several hundred new jobs for the Big Easy.
Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential
A prominent Schuster Group-owned multifamily project in the Seattle neighborhood of Belltown recently traded hands. The Joseph Arnold Lofts traded hands for a fee of $68.2 million.
Developers Break Ground on $272M, 600-Room Hilton Cleveland/Downtown Convention Center Hotel
Cleveland is getting ready to say hello to a new skyscraper. On Monday, April 28, ground was broken on the new Hilton Cleveland/Downtown Convention Center Hotel, a massive structure, standing 32 stories tall. Cuyahoga County Executive Ed FitzGerald and Cleveland Mayor Frank Jackson joined Ted Ratcliff, Senior Vice President of Operations for Hilton Worldwide, for the groundbreaking ceremony.
Victoria Condominium to Open In DC’s 14th Street Corridor This Summer
A new condominium building is getting ready to open in D.C.’s 14th Street Corridor. Drummond Development, a subsidiary of The UIP Companies, is putting the finishing touches on Victoria, its second condominium project on Chapin Street.
Triangle Equities Signs Lease, Anticipates Fall Ground Breaking for $200 Million Mixed-Use Project in Staten Island
Lighthouse Point, one of the key projects of the revitalization effort on the northeastern side of Staten Island, has taken a major step forward as the New York City Economic Development Corporation (NYCEDC) and developer Triangle Equities executed the lease for a long-vacant, three-acre parcel in the St. George neighborhood.
Local Construct Breaks Ground on Innovative Housing Concept in Echo Park
A new housing development project in Los Angeles’ Echo Park recently held a ground-breaking event, celebrating the innovative concept tackled by the project. Los Angeles-based Local Construct has started work on its Blackbirds micro-neighborhood. The community will be located on a site that formerly housed five rundown cottages in Echo Park.
HYM to Co-Develop New Balance’s $500 Million Boston Landing Mixed-Use Project
New Balance Athletic Shoe, Inc., one of the largest sports footwear manufacturers in the world, recently announced it has selected a co-developer for the new headquarters building that is currently under construction between the Allston/Brighton interchange.
Atlantic Realty Buys Baltimore’s Alameda Marketplace for $11.3M
A Baltimore City urban shopping center has recently changed hands. The Alameda Marketplace was acquired recently by Atlantic Realty Companies, for $11,305,000. Continental Realty Corporation was the seller.
New Home Company Opens Welcome Pavilion for San Jose Master-Planned Housing Community
The New Home Company recently opened a Welcome Pavilion at its latest master-planned Silicon Valley master-planned residential community. The Orchard Park housing development in San Jose is set to display model homes and hold the initial sale phase at the community located near the intersection of Old Oakland Road and East Brokaw Road in the city’s Berryessa District.
$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured
Mayor Rahm Emanuel and Senator Dick Durbin recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority’s Red Line.