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St. Clair Hospital has announced a $142m project to expand its main campus, the centerpiece of which is a new 280,000 ft² outpatient centre in Pennsylvania, US.
Balfour Beatty has been selected by NP International (NPI) to build the 1.3 million ft², mixed-use Gables Station development in Coral Gables, Florida, US.
Gardner Company, the University of Nevada, Las Vegas (UNLV), and the UNLV Research Foundation (UNLV RF) have broken ground on the first innovation building of the UNLV Harry Reid Research & Technology Park (UNLV Tech Park).Commencement of work on the four-storey, 111,000ft² research, technology and business park marks the beginning of the master-planned development envisioned by UNLV, the UNLV Research Foundation and Gardner.The UNLV Tech Park will serve as a catalyst to unite business, research and technology and advance economic development efforts in southern Nevada.Gardner vice president of development and partner Dan Stewart said: “Gardner Company is immensely proud to be a part of the UNLV Tech Park project as we believe it will greatly help shape the research and innovation landscape here in Las Vegas and beyond.“A campus of this magnitude will foster collaboration and innovation across businesses, UNLV students, innovators and entrepreneurs and we look forward to seeing our vision come to fruition.”Gardner chairman Kem Gardner announced $1m donation to UNLV RF on behalf of the company.UNLV associate vice president for economic development and UNLV Research Foundation executive director Zachary Miles said: “Research and economic development activities are on the rise at UNLV, and this building will help us take our efforts to the next level.“Research parks encourage more direct collaboration between industry and university research than is often possible on college campuses.“This initial building will serve as a testing ground for new ideas, driving innovation through the creation of new products and businesses that will make both our university and community stronger.”Gardner, in partnership with UNLV and the UNLV Research Foundation, will manage and operate the 122-acre UNLV Tech Park, which will be located near the intersection of Sunset and Durango in Las Vegas.According to an initial economic analysis, the campus will create 25,000 new jobs and $2.6bn in direct and indirect economic impact in Las Vegas._______________________________________________________________________________________________Image: Artist’s rendering of innovation building at UNLV Harry Reid Research & Technology Park. Photo: courtesy of Gardner Company.
Private credit and special opportunities alternative investment manager Atalaya Capital Management has closed a $250m senior construction loan and a $65m preferred equity investment for Flag Luxury Group’s construction and development of The Ritz-Carlton’s new flagship hotel in New York City.
Viking Partners Fund III, a private equity real estate investment firm, has announced a $100m redevelopment of Hurstbourne Business Park in the City of Hurstbourne (Louisville), Kentucky, US.
Holliday Fenoglio Fowler (HFF) has secured $324m in construction financing and joint venture equity on behalf of Boylston Properties, The Wilder Companies and Jonathan Bush for the development of Arsenal Yards, a six-building, mixed-use redevelopment of the former Arsenal Mall in Watertown, Massachusetts, US.
US-based gaming and entertainment company Caesars Entertainment has broken ground on Caesars Forum, a $375m, 550,000ft² conference centre in Las Vegas, Nevada.
Massachusetts Mutual Life Insurance (MassMutual) has unveiled architectural renderings of 10 Fan Pier Boulevard, a 17-storey commercial tower located at Fan Pier on Boston’s Waterfront, which will serve as the company’s new Boston campus.
Metro 1, a US-based real estate brokerage, management and development firm, is seeking joint venture hospitality partners to co-develop a mixed-use hospitality, office, retail and/or residential project in Florida, US.
JPI, a US-based developer, builder and investment manager of Class A multifamily assets, has broken ground on Jefferson at The Gate, a 425-home luxury multifamily community within Frisco’s The Gate development on the northwest corner of the Dallas North Tollway and John Hickman Parkway.
MAN Energy Solutions, Welcome Group and KDW have broken ground on MAN’s future US headquarters and service shop at 1986 Woods Road in Brookshire, Texas.
US-based data centre, network and cloud services provider DC BLOX will establish a new data centre facility in Birmingham, Alabama.
Swedish company Skanska has signed a $189m contract with Duke University Health System for the construction of a patient bed tower addition at Duke University Healthcare’s main campus in Durham, North Carolina, US.
The Jersey Shore University Medical Center (JSUMC), US, has opened a $265m 10-storey HOPE Tower on the centre’s east campus.
US-based Caddell Construction has broken ground on the $174m National Nuclear Security Administration (NNSA) headquarters at Kirtland AFB in Albuquerque, New Mexico, US.
US-based McCarthy Building has completed a 47,000ft² subterranean expansion and renovation of the Museum of the Gateway Arch as part of the $380m redevelopment of the monument in downtown St Louis.
Swedish construction company Skanska has signed a $74m additional contract with OM-SE for Fifth + Broadway, a mixed-use development in Nashville, US.
US-based ZOM Living, in partnership with Daiwa House Texas and Itochu affiliates, has broken ground on Atelier, a 41-storey, luxury high-rise mixed-use community comprising 364 luxury residential tower units in the Dallas Arts District, Texas.
US-based real estate investment company CIM Group has announced closure on a loan of more than $600m provided by JP Morgan Chase Bank for the construction of 85 Jay Street mixed-use project in DUMBO neighbourhood, Brooklyn in New York City.
Ohio-based FC Cincinnati has announced principal development partners for its $200m Major League Soccer stadium in the West End neighbourhood of Cincinnati, Ohio.
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