February 13, 2015
Vulcan sells mixed-use development for $150 million
Institutional investors paid Vulcan Real Estate paid $150.5 million for the new Stack House Apartments and Supply Laundry Building in Seattle’s South Lake Union neighborhood.
Named for the 140-foot smoke stack that once served the 109-year-old Supply Laundry Building, the full block development at the northwest corner of Yale Avenue North and Harrison Street has 278 apartments, office space that Amazon.com (NASDAQ: AMZN) occupies and Rigoletto restaurant and Metropolitan Café and Deli.
Vulcan…
City, state, school district and Madison Community Council officials met Friday at City Hall to try to begin to iron out differences over a road developers believe is needed in the community to construct a mixed-use development near Red Bank Expressway and Madison Road.
The real estate stars have aligned – again – for the joint venture partnership between Rubenstein Partners and Grubb Properties after the sale of the two newly renovated Lenovo office buildings in Research Triangle Park in a deal valued at $127 million.
Hager Sharp CEO Lynne Doner Lotenberg has resigned and President Jim Healy is no longer with the D.C. public relations firm roughly seven months after each assumed the posts, a company representative confirmed Friday.
If you need any proof that the region’s solar industry is well past the Solyndra failure, head 2 miles south of the Tesla Motors Inc. plant in Fremont on I-880.