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The county acquired the two buildings that are connected by a walkway bridge over University Avenue for $26 million. Located in Newark's downtown, the complex is located across the street from the Historic Essex County Courthouse.
The lease renewal was signed with building owner Denholtz Properties, which moved its headquarters to the nearly 31,000-square-foot boutique office building earlier this year.
Construction is underway at Fremont Crossing, a two building 55,000-square-foot commercial project located along the Lake Washington Ship Canal at 316 S. Florentia St. in Seattle's Fremont neighborhood.
A $128.3 million loan has been secured for the development by JLL, working on behalf of the developer, Kaizen Development Partners, to secure the five-year floating-rate construction loan.
The joint venture partnership says it will embark on a multi-million-dollar repositioning of the property. Keystone reports that it will also relocate its headquarters, currently located at SORA East in Downtown Conshohocken, to the office complex.
The Department of Central Management Services has issued a request for proposals for an array of project management and technical expertise to generate the best value from the sale of the property at 100 W. Randolph St. for the State of Illinois.
In our pre-event coverage of GlobeSt.com's ADAPT awards, we took a closer look at adaptive reuse projects across the country. The winner of the best economic revitalization of a neglected building goes to Interface Headquarters.
Regent Properties acquired the class-A office project comprised of two 18-story towers over shared structured parking that was redeveloped in 2000 and renovated in 2017.
The $1 billion 150-acre development accounts for nearly half of the total office space in Hidden Ridge, which includes roughly 3 million square feet of office as well as multifamily and retail space.
This year's approved state budget authorized PHFA to sell $3 million of state tax credits and use the proceeds to make awards for the development of mixed-use properties in commercial/retail corridors in Pennsylvania that are undergoing revitalization.