Inwindow Outdoor, the leader in storefront-based outdoor advertising, has created an outdoor display, or Storescape, for MTV in midtown Manhattan to help promote the network’s upcoming Video Music Awards which will be broadcast this coming Sunday. The company has taken vacant retail space at 317 Madison Ave. and transformed it into an interactive advertising display encouraging pedestrians to tune into the event. As people pass by the site, the...
Hitachi Power Tools announced two new 8-1/2-inch slide compound miter saws, the C8FSE and C8FSHE. Twenty years after developing the first sliding compound miter saw, Hitachi continues the tradition of innovation with quality engineering along with additional features of today, such as the LED work light and laser guide featured on the C8FSHE. Built with accuracy, power and convenience packed into the two lightest saws in their class, these are the...
Inland Real Estate Corporation announced that the Company has entered into a $140.0 million two-year unsecured term loan agreement with a lending group comprised of KeyBank, Bank of America, Wachovia, Wells Fargo and Charter One Bank. Borrowings under the term loan will bear interest at a variable rate equal to 200 basis points over the 30-day LIBOR rate in effect at the time of borrowing. The term loan has a scheduled maturity date of September 2,...
Washington Real Estate Investment Trust has acquired The Kenmore, a 374-unit, 270,000 square foot apartment building located in Washington, DC for $58.3 million. The property is located at 5415 Connecticut Avenue, proximate to the intersection of Connecticut Avenue and Military Road, a half mile south of Chevy Chase Circle in the established, affluent Upper Northwest submarket in close proximity to Friendship Heights and Chevy Chase. The property...
The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts. HFF executive managing director Jody Thornton, director Anthony Cutone and associate director John Ahmed worked exclusively on behalf of Archstone to secure the 36-month construction loan through NEBF Investments (National...
The last 10 years have been a decade of growth and significant realty value increases in Texas with many properties more than doubling in value, according to Lewis Realty Advisors, one of the oldest and most respected Texas-based real estate valuation and consulting firms. Job growth and the strength of the state’s economy boosted demand — and the prices — for office space, retail centers, manufacturing buildings and residential properties...
Hill International, the global leader in managing construction risk, announced today that it has received a contract from the Trinidad and Tobago Housing Development Corp. to manage design and construction of the South Quay phase of the Eastbridge mixed-use development in Port of Spain, Trinidad. The Eastbridge development will comprise over 400 residential units, retail and commercial space, and related parking. The first phase of the project, South...
Green Depot, the Brooklyn-based supplier of environmentally friendly and sustainable building products, services and solutions, is opening its newest showroom space on August 28 in Greenport, N.Y., on the North Fork of Long Island. The store, Green Depot’s fifth on the East Coast, second in New York and first on Long Island is located near the northeastern tip at 67380 Main Rd./CR-48 in Greenport. Green Depot showcases the very best of green building...
A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has sold Boardwalk Shopping Center – a 184,600 square-foot retail center on 21 acres in Round Rock, Texas – to affiliates of Gemini Real Estate Advisors, LLC. The transaction closed August 21st. A&B Properties will invest a portion of the proceeds in a previously acquired logistics warehouse facility in Savannah, Georgia, with the balance to be reinvested...
A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office...