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Hines, Urban Atlantic, and Triden Development Group along with joint venture partner Bridge Investment Group have acquired a 1.5-acre site at The Parks at Walter Reed to develop a multifamily property in Washington, DC.
Marcus & Millichap, a subsidiary of Marcus & Millichap Capital (MMCC), has offered a $34.5m construction loan for a 48-unit condominium development project in Pasadena, California.
Aecom has been selected by the Rhode Island National Guard to provide oversight and management services in assessing, planning and the design to convert the existing facilities into non-acute care facilities for treating patients with COVID-19 in the state.
US-based MYCON General Contractors has commenced construction on new coordination complex of Brazos Transit District in Texas, US.
AECOM, a US-based engineering firm, has announced that it is supporting the US Army Corps of Engineers (USACE), New York District by offering design and construction management services in building a temporary medical facility to deal with the COVID-19 (coronavirus) outbreak in the region.
McCain Manufacturing, a US-based manufacturer of modular walls, has started manufacturing quick-to-build containment walls in response to COVID-19 (coronavirus) pandemic.
HGA, a design firm, and Boldt, a US-based construction company, have collaborated and designed the Strategic Temporary Acuity-Adaptable Treatment Mod (STAAT Mod), a critical care solution to address the shortage of hospital beds due to the coronavirus pandemic.
Plastics and chemicals manufacturer LyondellBasell announced that it will slow down the construction at its propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in Channelview, Texas amid concerns of COVID-19 (Coronavirus).
The US Army Corps of Engineers (USACE) has received a verbal mission assignment from the Federal Emergency Management Agency (FEMA) to build a large alternate care facility in downtown Detroit, in response to nation’s fight against Coronavirus (COVID-19) Pandemic.
The Michaels Organization, a residential real estate firm, has secured financing to build the third phase of Jordan Downs redevelopment in California, US.
Real estate firm Hines and its joint venture partner Pederson Group announced that they have closed on the land for the development of 325-unit luxury residential property in north Phoenix, Arizona.Located at the northwest corner of Happy Valley Road and 35th Avenue, the multifamily property include six, threeo-storey buildings. An additional one-storey building will include a cloubhouse and a fitness amenity surrounding a pool. In total, Hines plans to develop 318,000ft² of space.The apartment property is expected to include 161 one-bedroom, 140 two-bedroom and 24 three-bedroom apartments. While rent prices have not been confirmed yet, the joint venture partners plan to begin construction of the property in the fourth quarter of this year. The announcement from Hines comes at a time when it has broken ground on Adeline, its first luxury for-rent property in Phoenix. Adeline will be a 25-story, 379-unit high-rise community at the Collier Center in downtown Phoenix.Hines managing director Robert Trujillo said: “Hines jumped at the opportunity to work with our partners on this project on Happy Valley Road. Our luxury multifamily project is positioned well to meet the expanding need for suburban luxury multifamily options in the submarket.” This property of Hines is part of a larger commercial development by Pederson Group which owns the adjacent 167,000ft² Stetson Village shopping center and has plans to develop seven acres of a mix of retail services directly in front of Hines’ multifamily development on Happy Valley Road.Pederson Group CEO Jim Pederson said: “The Pederson Group acquired the 23-acre site from the Arizona State Land Trust. “We sought a quality multifamily developer to partner with us to create a fine mixed-use project. We’re thrilled to work with Hines.”
The New York Governor Andrew Cuomo has approved the recommendation of the US Army Corps of Engineers for the construction of four temporary hospitals in New York State to treat the increasing number of patients of COVID-19 outbreak.
Balfour Beatty Campus Solutions has secured financing to build a mixed-use student housing project at Bowie State University (BSU) in Maryland, US.
US-based real estate firm Hines along with Oaktree Capital Management, an asset management firm, has acquired a 75-acre site in Glendale, Arizona to construct an industrial complex.
Stockton University and the Atlantic City Development have unveiled plans to construct a new student Residence Hall at Stockton University Atlantic City, US.
Walker & Dunlop, a US-based real estate finance company, has arranged $51.9m financing for ECLIPSE at CityCentre, a multifamily project in Huntsville, Alabama of the US.
Hilton, a US-based hospitality company, has broken ground on its new Tempo by Hilton hotel in Louisville, Kentucky.
Taste and nutrition company Kerry Group has announced plans to invest $125m to expand its food manufacturing facility in Rome, Georgia of the US.
The University of South Florida has broken ground on its newest facility at its Research Park located at the gateway to Tampa campus.
Washington University in St. Louis is all set to break ground this month on a new neuroscience research building at on the School of Medical campus, in St. Louis, Missouri.
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