Urban Restaurant and Retail Marketplace Plans to Open in Summer 2009

U.S. Equities Realty, a leading full-service commercial real estate firm, announced today that it is beginning construction on MetraMarket. Connected to the Ogilvie Transportation Center in the West Loop, MetraMarket is a 100,000-square-foot restaurant and retail development that will enliven the area through its eclectic mix of dining and shopping options. Several of MetraMarket’s tenants are scheduled to open in summer 2009. MetraMarket will... 

RCRS Announces Positive Trend in Closings of Downtown Miami Buildings

The latest figures from Related Cervera Realty Services (RCRS) show that its projects in Downtown Miami (50 Biscayne, Loft 2, The Plaza on Brickell and 500 Brickell) have been steadily and consistently closing since the beginning of the year. Seventy-three percent of 50 Biscayne’s 528 units have closed for a total of 388 units. Loft 2 has closed on 448 of its 496 units (90.3% of units closed). The Plaza on Brickell has completed the closing... 

New Tenant at Park Plaza Professional Center, Pembroke Pines

Park Plaza Professional Center announced today the signing of a lease with Prescription Pad Pharmacy for 2000 square feet at Park Plaza Professional Center. The project, on 9.77 acres, is being developed by locally based Sky Development Inc., and will consist of two four-story, 80,000 SF buildings with retail on the first floor. The project will include a four-story parking garage with 538 parking spaces to be accompanied by an additional 288 surface... 

Hilton Garden Inn Celebrates Milestone 400th Hotel Opening at Ottawa Airport Location in Canada

Hilton Garden Inn®, one of the fastest growing brands that is part of the Hilton Family of Hotels, announced today the milestone opening of its 400th location, the Hilton Garden Inn Ottawa Airport in Ottawa, Ontario, Canada. The hotel represents the newest addition to the brand’s growing portfolio of hotels throughout North America and Europe. The Hilton Garden Inn Ottawa Airport is operated by Bona Building and Management, Ltd., under a license... 

Equity One Acquires 3 South Florida Properties in a Joint Venture with DRA Advisors for $53 Million

Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has completed the acquisition of three value-added properties located in South Florida in a joint venture with an affiliate of DRA Advisors LLC. The acquired properties are: Plantation Marketplace – a 230,330 square foot community retail center located in Plantation, Florida and anchored by Winn-Dixie and CVS. Penn Dutch Plaza – a 155,628 square foot... 

Ramco-Gershenson Announces the Contribution of the Plaza at Delray Shopping Center to Joint Venture

Ramco-Gershenson Properties Trust announced today that it has contributed the Plaza at Delray shopping center in Delray Beach, Florida, to a joint venture with an investor advised by Heitman LLC. Permanent financing for the shopping center was secured by the joint venture in the amount of $48 million for five years at an interest rate of 6.0%. This is the ninth shopping center to be acquired by the joint venture adding to an impressive line-up of... 

Hycrete

Hycrete is a waterborne admixture for concrete that replaces densifiers and waterproof coatings in high-performance applications like commercial foundations, plaza decks, and roofing systems, including living roofs. It reacts with metals in the water and concrete mix—as well as with rebar and other embedded metal reinforcement—to create a compound with a long hydrocarbon chain that fills up the capillaries in the concrete, and which actually...