Regional Digests
Acadia Realty Trust, P/A Associates Developing Mixed-Use in the Bronx
New York SunAcadia Realty Trust and developer P/A Associates are developing a 285,000-square-foot, mixed-use project in the Bronx, New York. The Offices at Fordham Place project at 400 East Fordham Road across from Fordham University is one of the first...
20th Century Fox Sells Baja, Calif., Movie Studio
San Diego Union-TribuneBaja Acquisitions, an investment group, has purchased Baja Studios, a 46-acre movie lot just south of Los Angeles in Baja, Calif. The group is purchasing the studio from 20th Century Fox, which used the site to film blockbusters...
Massive Industrial Project under Construction in Oregon
Portland Business JournalBirtcher Development and Investments has begun construction on a 400,000-square-foot industrial facility in the Portland suburb of Fairview, Ore. The three-building complex, dubbed Birtcher Center at Townsend Way, will range from 107,640 square feet to more than 166,000...
Lincoln Property to Auction Lancaster Mills Site in Clinton, Mass.
Worcester Telegram & GazetteLincoln Property Co. plans to auction the 13.5-acre Lancaster Mills site in Clinton, Mass. The property at 55 Green St. near Route 70 includes a commercially-zoned 323,000-square-foot building, which once was used as a mill. The auction,...
Pittsburgh Planning Commission Approves $435Mln Casino Plan
Pittsburgh Post-GazettePittsburgh's Planning Commission has approved PITG Gaming's master plan for a $435 million casino-hotel in the city's North Shore area. The firm, headed by Don Barden, can proceed with the massive development, but it is likely to face litigation...
Developer Proposes 300,000 SF of Offices Near Harrisburg, Pa.
Patriot-NewsSmith Land & Improvement Corp. has proposed developing 300,000 square feet of offices in Hampden Township, Pa., near Harrisburg, Pa. The Camp Hill, Pa., company has yet to line up any tenants for the 41 acres of space at Wertzville...
342-Unit Apartment Complex Coming to El Paso
El Paso TimesConstruction has begun on a 342-unit apartment development in El Paso, Texas. The complex at 4649 Loma Del Sur Drive, near Martin Luther King Boulevard and U.S. Highway 54, is being developed by Bohannon Development Corp. of El...
Comerica Closer to Picking HQ in Dallas
Dallas Morning NewsComerica Inc. has narrowed its choices for its new corporate headquarters building in Dallas to either the 60-story, 1.7-million-square-foot Bank One Center or the 50-story, 1.4-million-sf Thanksgiving Tower. Comerica announced last March that it was relocating its corporate...
Walton Street Buying Manhattan’s Paramount Hotel for $200Mln
New York PostWalton Street Capital is under contract to buy the Paramount Hotel at 235 W. 46th St. in Manhattan for $200 million. The seller is a venture of Becker Ventures and Hard Rock Cafe International, which was in the...
Massive Mixed-Use Project Planned for Sarasota, Fla.
Bradenton HeraldA $1 billion mixed-use project is being planned for Sarasota, Fla. The project, The Proscenium, is being developed by Lion's Gate Development and expected to cover two city blocks. It will consist of 230,000 square feet of office space,...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
