The Integral Group unveiled Veranda at Assembly, a residential phase of the master-planned development on the site of the former General Motors plant. Assembly is a 165-acre mixed-use development that has already introduced commercial, entertainment, and job opportunities to the region. Once…
U.S. banks reported a 20% sequential increase in total high-volatility commercial real estate (HVCRE) loans in the second quarter of 2024 following a four-year low balance in Q1, according to S&P Global Market Intelligence. The aggregate HVCRE loan balance for US…
FRI Investors is said to be paying a little less than $100 million, or $71.43 per square foot, for the 68% leased, 1.4-million-square-foot office building at 70 West Madison St. in Chicago, Trepp reported, citing Crain’s Chicago Business. The West…
Georgia-Pacific announced plans to transform its iconic 51-story world headquarters and the surrounding city block into a center for innovation. The downtown location will include a mix of residential living, modern office spaces, retail, restaurants and a landscaped central plaza…
Medline is expanding its presence at the Merchandise Mart by 110,000 square feet, making it one of the largest tenants at Vornado’s 3.7-million-square-foot property in downtown Chicago. Medline will more than triple its offices from 51,000 to 161,000 square feet…
Simone Development Companies and Fareri Associates joined with Burke Rehabilitation at Purchase Professional Park for the ribbon cutting of its expanded Purchase/Fairfield Outpatient Therapy Site at 3020 Westchester Ave. in Purchase, NY. Elected, business and clinical leaders from across Westchester and Fairfield counties gathered to tour…
Dartmouth College has launched a $500-million program to invest in new and renewed undergraduate housing, representing the Ivy League school’s largest campus housing investment in a generation. College president Sian Leah Beilock has pledged to add a combined 1,000 beds…
Gwinnett County is expanding its control over the Gwinnett Place Mall as it works to redevelop and resuscitate the aging property. Courtesy of Gwinnett County Board of Commissioners Gwinnett Place Mall in Gwinnett County that is set for a total redevelopment. The…
Century Farms is adding a Drury Plaza Hotel to its more than 300-acre campus. The hotel will rise seven stories and offer 180 rooms. Drury Development Corporation is leading the development of Century Farms’ latest hospitality addition. The building is…
Two portfolios totaling five properties and 1,234 units were sold by Harbor Group International for $159.7 million. Three of the apartment complexes were purchased by LRE Management LLC, while the other two were bought by Greybrook. CBRE’s Shea Campbell, Ashish…
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