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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.
The Innovation Challenge calls for municipalities and counties to partner with higher-education institutions and other strategic partners to consider groundbreaking approaches to build public-private and community partnerships, nurture entrepreneurship and upgrade infrastructure.
Following the CDI process, CTA will develop a request for proposals from potential developers, reflecting the outcomes of the planning process, including community desires and feasible concepts.
The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.