Real estate investment and development executive Don Peebles and private equity veteran Doug McNeely are launching a fund targeting the country’s oversupply of office space. Bisnow/Ciara Long 25 Water St. in Manhattan, known as SoMA, is the largest office-to-resi conversion in the country,…
Two months after launching a $1B venture targeting office-to-residential conversions, TF Cornerstone and Dune Real Estate Partners have already identified three buildings to turn into apartments. The fund, Alta Residential, is pushing to foreclose on a historic property in Philadelphia after buying a piece of the building’s…
KHP Capital Partners is planning to convert the historic Johnston Building into a 245-room hotel with a fine-dining restaurant and coffee shop on the first floor, a ballroom, conference room and rooftop bar. The building is just over 100 years…
Childress Klein has been greenlighted to convert a Charlotte office complex into a mixed-use project. The company was granted a rezoning by the towns City Council on the Esplanade at SouthPark from office to a zoning classification that will allow…
One of Center City’s most iconic distressed office buildings could undergo a residential conversion following foreclosure proceedings expected to wrap up early next year. TF Cornerstone plans to convert Center City’s historic Wanamaker Building into apartments following bankruptcy proceedings. New…
Foxfield and AEW Capital Management, are moving ahead on their Sugarloaf Logistics Hub campus project in Gwinnett County, Georgia. Foxfield and AEW acquired the property in 2022 with the intent to convert a six-building, 740,000 square feet, corporate office campus…
A four-team joint venture is seeking a low-interest federal loan to convert a downtown Atlanta office building into residential units. The Integral Group, The Atlantic Cos., T. Dallas Smith & Co. and Lalani Ventures are teaming up to transform the 1960s-era…
California-based Orton Development is considering converting the nearly century-old Joseph Vance Building, an art deco property in downtown Seattle. Location at the corner of Third Avenue and Union Street downtown, the project would turn unused Seattle offices into housing, reported…
Construction crews began tearing down North DeKalb Mall as retail developer Edens prepares to transform the 73-acre property into a walkable, mixed-use district. The mall, shuttered in 2020, will be called Lulah Hills. The redevelopment will add 1,700 apartments, 100…
What used to be called the Hickory Hollow Mall was the largest retail center in Tennessee. But like many malls across the country, it met its demise, and the Metro bought it and the 57 acres for $44 million. Soon…
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