Corporate Office Properties Trust announced today that it is breaking ground on the first building at North Gate Business Park in Aberdeen, Maryland. A ceremony will be held today at the site beginning at 11:30 am Eastern Time. When completed, North Gate Business Park will be a 765,000 square foot business park that will include a small portion of retail space that will support the park. The business park is strategically located on Route 22 at the...
China Architectural Engineering Inc., a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today reported that it has been awarded two new contracts for projects valued at $80 million in Dubai and Singapore. The Company today also reported that its project backlog has increased to a new record of $245 million. Two Latest Contracts Represent Ongoing Success of CAE’S International Expansion Strategy Today’s...
Chartwell Seniors Housing Real Estate Investment Trust and Groupe Melior announced today that Chartwell has completed the acquisition of the remaining 50% interest owned by Residences Melior (an affiliate of Groupe Melior) in seven retirement properties in the Province of Quebec, as well as Melior’s 50% interest in the joint venture property management company managing all of Chartwell’s senior housing communities in Quebec. Under the...
A lifelong resident of Atlanta, Ben Carter has made an environmental commitment to the community by seeking Leadership in Energy and Environmental Design (LEED) certification for his company’s luxury mixed-use development, The Streets of Buckhead. Featuring more than 500,000-square feet of world-class retail, dining and residences, The Streets of Buckhead will be one of the country’s most expansive and affluent developments to be awarded Silver...
The Wisconsin School of Business Graaskamp Center for Real Estate will host a conference on Sustainable Real Estate Development on Thursday, October 30 from 7:30 a.m. – 5:30 p.m. Central Time, at the Fluno Center for Executive Education at the University of Wisconsin-Madison. The conference will examine the emerging global trend of incorporating environmentally-sensitive, “green,” and sustainable real estate development practices...
Glimcher Realty Trust, one of the nation’s leading retail developers of upscale shopping and lifestyle centers, today confirmed some of the key retailers and restaurant merchants that will occupy Scottsdale Quarter. Scottsdale Quarter will include over 600,000 square feet of premium retail and office space in the heart of Scottsdale, Arizona and is planned to open Phase I in spring 2009. Of the tenants announced, many are making their Phoenix/Scottsdale...
New York-based hospitality and real estate company, the Impulsive Group, www.impulsivegroup.com, has announced plans to integrate its charter yacht business with the firm’s growing portfolio of luxury hotel properties. Since 2004, Impulsive Group has offered yachts for charter during the Mediterranean high season and the Caribbean winter months, but by 2009, the hotel group will formally assimilate the two businesses: vacation packages that...
Weingarten Realty Investors announced that iconic Houston restaurateurs Tony and Jeff Vallone will open a new signature bistro and wine bar at River Oaks Shopping Center in early fall 2009. The yet-to-be-named Italian restaurant and wine bar will be a highlight of the newly redeveloped northwest corner of the center, located at the intersection of Shepherd and West Gray. Featuring a first-floor dining room and outdoor dining area and a second level...
Cameron Merage, Founding CEO and President of First Team Real Estate, which ranks as the biggest independent real estate company in sales in Southern California and within the top one percent of largest volume brokers in the nation, has launched “The NEW Rules of Real Estate(SM),” a new set of business standards and criteria for real estate agents to service their consumers successfully in today’s turbulent residential real estate...
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...