Construction Maison

Over the past two years, the vacant grassy field that once capped off East Dundee's downtown district has been transformed into a $4 million mixed-use development. The 24,500-square-foot building at 311 Barrington Ave. was designed to bring more residents downtown, contribute to the village's culinary district and aesthetically complement other historic structures in the area, said Tracy Burnidge, broker and leasing agent. Developers are in the midst of pinning down retail tenants before building out the 12,000 square feet of available restaurant space on the first floor, he said. Other work on the property, such as landscaping, parking and additional building details , also have yet to be completed. However, residents have already begun moving into the loft- style apartments upstairs , Burnidge said, and it won't be long before the development is fully occupied. "We're trying everything possible to get people in here," he said. De...

An Austin developer has changed course on plans to revamp a San Marcos shopping center . Since taking control of Springtown Center in 2014, Endeavor Real Estate has landed a number of high- profile tenants to fill what was, at the time, a sickly strip mall that was only 10 percent occupied. Additions have included heavy hitters such as Chuy’s, Gold’s Gym and The Spot, an entertainment venue. While Endeavor had initially been in talks with a number of interested retailers to fill the remaining space in the shopping center , the developer has decided to go another route. Instead, it is demolishing a chunk of the center between Chuy’s and the former Target store that’s now home to Gold’s Gym and The Spot to make way for a multi- story apartment building that will have 233 units with 32,000 square feet of ground- floor retail space . The project will be called The Lyndon after former President Lyndon B. Johnson who attended nearby Texas State University back when it was known as So...

Back in the 1960s, developer Richard Cavanaugh used to fly his airplane from Los Angeles over San Diego scouting potential properties . Flying over Rancho Santa Fe , he spotted the ideal open space , a farming area for sale along the San Dieguito River Valley . “I was looking for something for a golf course, as golf course developments were big at that time,” said Cavanaugh, who would soon get his company, Newport Pacific, in touch with a broker about the land he spied. “We put a deal together and proceeded with the design of it. The whole development was always called Whispering Palms …It only took 55 years to get everything I envisioned to happen.” The final piece of that Whispering Palms master plan drafted back in 1962 is finally in place with Palma de la Reina , a mixed-use retail, commercial and residential project on Cancha de Golf at the entrance to the Whispering Palms community of about 600 single-family homes and condominiums, and the Morgan Run Club & Resort. For ye...

We offer our predictions on communities that will rank among the city's most desirable in 2026. Plus a look at developers who are working to make those visions a reality. February 18, 2016 (page 7 of 7) 8 developers with insight who are rethinking our urban neighborhoods   BY DEBRA SMIT G reat neighborhoods — with ample green space , commerce and good housing stock — empower their residents to grow and prosper. Developers are key when it comes to weaving together the physical threads of a community, particularly in urban neighborhoods frayed by years of blight and decay. These are among the developers who are working to revitalize some of the city’s most challenged neighborhoods, striving to be restorers of streets in which to dwell. All have one eye, certainly, on the bottom line. Still, they are well aware of expectations that they give measured consideration to quality of life in the neighborhoods in which they build.   Wi...

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

If you’re a regular reader of DCK Investor Edge , you know that investors who own data center REIT shares have seen better rewards year-to-date compared to more traditional commercial real estate asset classes like office, retail, apartments, net-lease, and healthcare. Data centers sit squarely at the intersection of real estate and technology, providing space, power, and access to networks and cloud service providers that attract coveted enterprise customers . When it comes to the various REIT sub-sectors, data centers sit squarely at the top, while the broader real estate sector is treading water, down 0.6 percent. Data centers as a sub-sector are chalking up another year of outperformance, following similar gains in 2016. Source: Seeking Alpha – Hoya Capital Real Estate Aug. 18, 2017 Many investors rely on mutual funds and ETFs which own a broad basket of all the REITs. However, this can lead to being overweight on large- cap mall REITs , sho...

Hillary Clinton slept here. The year was 2000. Clinton was in the middle of her first political campaign, running to be New York’s junior senator. Steven Spielberg, an enthusiastic donor to Mrs Clinton who had the use of a pied-à-terre in Trump Tower purchased for him by Universal Pictures, barely stayed at the place, despite its views of Central Park, and offered it to the candidate as a crash pad on gruelling campaign days . Trump Tower in New York. Photo: Bloomberg Donald Trump and Clinton were on good terms back then. He donated money to her candidacy and called her “tough and smart”. Moreover, Trump was skilled in the art of spinning his associations with celebrities into publicity. This was particularly true at Trump Tower. Michael Jackson lived in Donald J. Trump’s gleaming Midtown edifice . So have gamblers, a disgraced dictator, a Ponzi schemer and a stock huckster. Credit Photo Illustration by Peter Horvath; photographs by Chad Batka for The New York Times (Trump); Hiroko...