Adams Unveils Plans to Revamp Fifth Avenue Through Midtown

Adams Unveils Plans to Revamp Fifth Avenue Through Midtown

New York City Mayor Eric Adams and the Future of Fifth Partnership on Thursday unveiled plans to transform Fifth Avenue between Bryant Park and Central Park into a pedestrian-centered boulevard. The proposed design expands sidewalks by 46%, shortens crosswalks for...
Funding Secured for First Metrocenter Redevelopment Phase

Funding Secured for First Metrocenter Redevelopment Phase

Concord Summit Capital (“Concord Summit”) arranged a $24.5 million construction loan to finance demolition, abatement and infrastructure entitlements for the redevelopment of the Metrocenter Mall located in Phoenix. Metrocenter is poised for a dramatic transformation...
S. Florida Swimming Hall of Fame Eyeing $54.4M Expansion

S. Florida Swimming Hall of Fame Eyeing $54.4M Expansion

The redevelopment and expansion of the International Swimming Hall of Fame in Fort Lauderdale is set to move forward after the developer secured a $54.4 million construction loan. MACQ Holdings provided the mortgage to Capital Group P3 Developments that matures June...
Golf VX to Open Flagship Simulator Location in Arlington Heights

Golf VX to Open Flagship Simulator Location in Arlington Heights

Golf VX, a manufacturer and franchisor of technology-driven golf simulators, plans to open its inaugural Golf VX flagship venue in the Chicago suburb of Arlington Heights. The Golf VX brand launch kicked off at the 2024 Orlando PGA Show with a live demonstration of...
Austin Hotel Occupancy Rates Top All Texas Metros

Austin Hotel Occupancy Rates Top All Texas Metros

Marcus & Millichap published its Midyear 2024 Austin Hospitality Market Report.    “Austin’s hotel market continues to show resilience despite recent supply pressures, maintaining one of the highest occupancy rates in Texas,” stated Marcus &...
MG Developer Picks Up Site for North Bay Village Venture

MG Developer Picks Up Site for North Bay Village Venture

MG Developer acquired two waterfront parcels totaling 42,750 square feet in North Bay Village to launch a new mixed-use development. Located at 1681 & 1725 Kennedy Causeway, MG Developer acquired the properties for $30.9 million in a partnership with Prosper...