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News:
Owners Developers & Managers
Posted: July 2, 2008
Corus Bank closes $72m loan for nine-story, class A office building
Corus Bank has closed a $72 million loan for MR BP Office #1, LLC, to finance the construction of a nine-story class A office building located at 55 M St. SE. The project is being developed by a joint venture between Monument Realty and its investor partners, MacFarlane Partners and Lehman Brothers.
Located one block north of the newly constructed Washington Nationals ballpark stadium, the property is situated atop the Navy Yard Metro train station. The project will include 260,764 net rentable s/f of class A office space, 13,153 net rentable s/f of retail space, and three levels of underground parking. A portion of the parking garage will be available for public use. The office building will be a part of Monument Realty's "Half St." project, which is planned to include additional retail, residential and hotel components.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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Columns and Thought Leadership
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
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