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WASHINGTON, DC-Work wraps up on Sovereign Square, the new 246-unit residential building at 555 Massachusetts Ave. in the city's Mount Vernon Triangle area. The project realization cost for the developer, an entity of the JBG Cos., is about $50 million.
ATLANTIC CITY, NJ-The ailing casino/hotel would double in capacity and get a décor makeover if all goes well with its proposed $400-million cash infusion from a CSFB private equity fund.
ST. PAUL-The Aberdeen, a condominium development located in the historic Cathedral Hill neighborhood, is being co-developed by three companies and built by Minneapolis-based Ryan Cos.
ST. PAUL-HealthEast Rice Street Clinic is across Rice Street from the old one and will be ready to open in December. Genesis Architecture did the design work, while MSP Commercial is doing the construction.
LOMBARD, IL-Skokie-based Alter Group begins the $6.2-million work on restoring the 76-year-old building's facade and marquee to their original luster as well as creating 6,300 sf of retail space, including 4,500 sf on Main Street earmarked for a restaurant.
SAN FRANCISCO-Morgan Stanley Real Estate's Prime Property Fund acquires the Hills Plaza office building here from a fund managed by locally based Shorenstein Co.
GAITHERSBURG, MD-Two office properties accounting for 52,000 sf rake in $3 million in a recent transaction spearheaded by Scheer Partners Inc. After a makeover and a name change to Deer Park Professional Centre, the property will be marketed as class A office condominiums.
MINNEAPOLIS-SmithGroup opens its ninth architecture office with a location on Marquette Avenue. The firm's Midwest offices include Chicago, Ann Arbor, MI, Detroit and Madison, WI.
TREVOSE, PA-Korman selects CB Richard Ellis to market the 115,000-sf building. The major tenant, Sears Consumer Credit Division, was acquired by Citicorp, which will close the operation at year-end. Substantial renovations will be completed in spring 2005.