Wrecking ball cometh for Columbia Road storefronts, mixed-use development beckons

Change is coming to Columbia Road Northwest, via the wrecking ball.

Farmington Hills, Michigan-based Beztak Properties, having last year acquired the six storefronts at 1767-1777 Columbia Road in Adams Morgan (more specifically, Lanier Heights), in multiple transactions totaling $20.2 million, has now applied to raze the buildings. Beztak is partnering with D.C.’s Foxhall Partners on a mixed-use redevelopment of the site, which is located across the street from the future Line DC hotel.

Beztak…

Hawaii's Makalei Golf Club on the market for $6.9M

The Makalei Golf Club on the Big Island of Hawaii, which is one of the toughest courses in the state, is on the market for $6.9 million, the brokers representing the sellers told PBN.

The 18-hole, 7,091-yard golf course, which occupies about half of 447 acres of fee simple land that’s for sale, is located near the Kona International Airport in Kailua-Kona.

Makalei Golf Club was developed in the late 1980s as a high-end private membership club at a cost exceeding $40 million, which included the…

CPS Energy looking for site for new corporate headquarters

CPS Energy is looking for a new home and they’re looking for it fast.

The growing municipally-owned utility company has been working with commercial real estate consultant DTZ to evaluate key assets in its real estate and facility portfolio.

CPS Energy is comparing its needs, versus the space it has at their current corporate headquarters at 145 Navarro Street in downtown San Antonio.

It’s not clear what will happen to their existing building or downtown property, but CPS Energy is looking to…

Aurora to spend $38 million on Germantown outpatient center, medical offices

Aurora Health Care said it will spend $38 million to open a medical office building and outpatient surgery center in Germantown.

Milwaukee-based Aurora said Monday the new facility will be in a converted Aurora administrative office building on River Lane Road. Construction is expected to begin in August and be complete within about one year, Aurora said.

Aurora estimates that 140 health care delivery employees will work at the facility and they will treat 350 patients per day at the Germantown…

VA says it has money for Denver hospital

The U.S. Department of Veterans Affairs says that it has the funds to complete the Denver VA Medical Center, U.S. Sen. Michael Bennet’s office said Monday.

The announcement comes after concern was expressed by the Colorado’s congressional representatives that they might have difficulty convincing fellow members of Congress to vote to raise a spending cap on the project.

The money will come from a $5 billion fund that was established to help improve efficiencies at the VA as part of the Veterans’…