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Real Estate News |
Hawaii stocks mixed despite market gains
Wed, 08 Sep 2010 22:49:51 GMT
Hawaii stocks saw mixed results after the broader markets rebounded on Wednesday trading. (ALEX) (BOH) (CPF) (MLP) (HE)
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Chicago group Waterton takes over Brier Creek apartments
Wed, 08 Sep 2010 22:42:02 GMT
Chicago-based Waterton Residential has purchased the Exchange at Brier Creek and taken over the property?s existing debt.
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Capital Commercial to begin work on $750M Continuum in Chandler
Wed, 08 Sep 2010 22:40:09 GMT
Capital Commercial Investments Inc. is hoping to attract corporate headquarters, data centers and businesses in growth sectors such as bioscience and renewable energy to Continuum, a $750 million, 152-acre master-planned project in Chandler.
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Crescent litigation trust sues Duke Energy, seeks $1.2B
Wed, 08 Sep 2010 21:45:48 GMT
A trust established to handle Crescent Resources? litigation claims has filed suit seeking $1.2 billion from Duke Energy Corp. and several of its affiliates, claiming the company committed fraud when it sold 49 percent of the Charlotte real estate fi..[read more]
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Arizona, cities gets $45.4 million in HUD funds for foreclosures
Wed, 08 Sep 2010 21:37:16 GMT
The state of Arizona and several of its cities will get $45.4 million in grants from a U.S. Department of Housing and Urban Development program to help combat the foreclosure crisis.
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N.C. court rules Cabarrus fees are illegal
Wed, 08 Sep 2010 21:30:19 GMT
The N.C. Court of Appeals says Cabarrus County?s adequate-facilities fees are illegal.
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UDR prices stock offer
Wed, 08 Sep 2010 21:27:14 GMT
Apartment operator UDR Inc. on Wednesday priced its previously announced stock offering at $20.35 per share. (UDR)
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Lincoln Properties acquires Rackhouse
Wed, 08 Sep 2010 20:27:15 GMT
Dallas-based commercial real estate developer and operator Lincoln Property Co. has acquired Rackhouse Group, a firm that specializes in data center projects. The new initiative will be branded Lincoln Rackhouse.
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AIA celebrates Architecture Month
Wed, 08 Sep 2010 20:17:43 GMT
The Albuquerque chapter of the American Institute of Architects is presenting a series of events throughout September as part of Architecture Month 2010.
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Waterton acquires Burlingame apartments
Wed, 08 Sep 2010 20:04:57 GMT
Waterton Residential said Wednesday it acquired $109.5 million of debt secured by four multifamily properties, including one in Burlingame.
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Beige Book: Economic recovery slowing across U.S., Memphis district
Wed, 08 Sep 2010 19:49:58 GMT
It appears that around much of the U.S., the economic recovery is slowing down, according to the Federal Reserve's Beige Book report released Wednesday.
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Royal Phoenix seeks PILOT for Downtown Hilton
Wed, 08 Sep 2010 19:44:25 GMT
Royal Phoenix Development LLC is applying for a payment-in-lieu-of taxes incentive for its proposed Hilton Memphis Downtown Hotel. The company?s application is scheduled to be considered during a meeting of the Memphis Center City Revenue Finance Cor..[read more]
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Doran to break ground on 412 Lofts this week near Dinkytown
Wed, 08 Sep 2010 19:39:40 GMT
Doran Cos. said Wednesday that it will break ground this week on a 102-unit student housing project near the University of Minnesota.
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Dallas Fed: Business lending weak in slow recovery
Wed, 08 Sep 2010 19:24:32 GMT
Business lending remains weak in North Texas, according to the latest Beige Book Survey from the Federal Reserve Bank of Dallas released on Wednesday.
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U.S. Bank CEO: Overland Park beat out 360 cities for 1,300-job center
Wed, 08 Sep 2010 19:17:25 GMT
U.S. Bank CEO Richard Davis said Overland Park beat out 360 cities nationwide to become the location for the company?s new service center, which eventually will provide office space for 1,300 employees.
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Report: Dayton?s commercial loan deliquency rate rises
Wed, 08 Sep 2010 18:56:17 GMT
After two months of declines, Dayton?s delinquency rate on securitized loans increased in August, reaching 15.45 percent.
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Harrah?s backs out of Sumner County ? again
Wed, 08 Sep 2010 18:54:45 GMT
Harrah?s Entertainment has pulled out of its plans for Sumner County.
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Germantown Parkway retail center sells for $4.4M
Wed, 08 Sep 2010 18:47:46 GMT
An out-of-town investment group has purchased The Shops at Rock Creek out of foreclosure.
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Fed: Eighth District economy growing ?modestly?
Wed, 08 Sep 2010 18:42:26 GMT
In what has become a familiar refrain during 2010, the Federal Reserve reported that economic conditions in the Eighth Federal Reserve District of St. Louis, which includes Louisville, grew ?modestly? since its last Beige Book report in July.
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Austin real estate round-up: Sept. 8
Wed, 08 Sep 2010 17:51:59 GMT
Here is a round-up listing of some recent deals and announcements in the Austin real estate market since last Wednesday:
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Hadley tapped for Ellis Island Museum work
Wed, 08 Sep 2010 17:39:54 GMT
Hadley Exhibits Inc. has won the bid on a $2.8 million contract to fabricate and install the new Ellis Island Museum, ?The Peopling of America.?
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Cambridge technology incubator shuts down
Wed, 08 Sep 2010 17:11:13 GMT
Betahouse, the unofficial nexus of the fast-growing startup scene in Central Square, Cambridge, has closed its doors, and the coworking space?s future is in doubt as founder Jon Pierce plans to turn his attention to other projects, rather than contin..[read more]
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Work starts on $687M National Nuclear Security Administration campus in Kansas City
Wed, 08 Sep 2010 17:06:22 GMT
Ground has officially been broken for the $687 million National Nuclear Security Administration campus in south Kansas City.
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Geotechnology doubles its Overland Park office space
Wed, 08 Sep 2010 16:24:21 GMT
Geotechnology Inc. is moving its Kansas City-area operations, trying to accommodate growth by occupying a new office that doubles its space.
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St. Louis County seeks Jamestown Mall ideas
Wed, 08 Sep 2010 16:11:03 GMT
How should the struggling Jamestown Mall in Florissant be revamped? St. Louis County wants to hear your ideas.
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AvalonBay plans luxury apartments in Tysons
Wed, 08 Sep 2010 14:57:08 GMT
Arlington-based AvalonBay Communities Inc. has acquired land in Tysons Corner and plans to build a luxury apartment complex there. (AVB)
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Celanese announces $400M debt offering
Wed, 08 Sep 2010 14:51:37 GMT
Chemical company Celanese, the 19th largest public company in the Dallas-Fort Worth area, announced on Wednesday that it is offering to sell $400 million in senior unsecured notes due in 2018.
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Innkeepers USA bankruptcy plan rejected
Wed, 08 Sep 2010 14:32:06 GMT
U.S. Bankruptcy Judge Shelley Chapman rejected a plan by Palm Beach-based Innkeepers USA Trust to reorganize its ownership structure.
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American Campus Communities closes $200M acquisition
Wed, 08 Sep 2010 14:13:32 GMT
Austin-based American Campus Communities Inc. (NYSE: ACC) closed a $200 million deal to assume full ownership in 14 properties it previously jointly-owned. (ACC)
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PBSJ sets date for vote on merger with WS Atkins
Wed, 08 Sep 2010 13:37:35 GMT
Shareholders of The PBSJ Corp. will vote Oct. 1 on the company?s plan to sell itself to WS Atkins plc for $280 million.
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Shatter leasing at Main Place Tower
Wed, 08 Sep 2010 11:05:09 GMT
Shatter I.T. has signed a 10-year lease for 3,600 square feet of space on the fifth floor of the Main Place Tower, Suite 540, with an option for additional space as business conditions warrant.
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SSFM International gets $40M Navy contract
Wed, 08 Sep 2010 00:44:17 GMT
The U.S. Navy has awarded SSFM International Inc. a $40 million contract for construction management services on Guam.
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Limited wage increases under Harley-Davidson contract
Wed, 08 Sep 2010 00:08:20 GMT
Hourly production employees at Harley-Davidson Inc.'s factories in Menomonee Falls and Tomahawk are being asked to ratify an agreement that would create a two-tiered work force.
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APS chooses small businesses for mentoring program
Wed, 08 Sep 2010 00:05:32 GMT
Arizona Public Service Co. has selected 15 small businesses in Arizona for its program that aims to help small-, minority- and women-owned businesses.
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Philpotts & Associates opens San Francisco office
Tue, 07 Sep 2010 23:35:19 GMT
The interior design firm Philpotts & Associates is expanding with an office in San Francisco.
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Hawaii stocks follow market lower
Tue, 07 Sep 2010 23:29:06 GMT
Hawaii stocks followed the overall market?s downward trend during Tuesday trading. (HE) (ALEX) (BOH) (CPF) (MLP)
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Former St. Charles economic development chief joins Coldwell Banker Commercial
Tue, 07 Sep 2010 21:52:53 GMT
Nadine Boon, who resigned last month as director of economic development for the city of St. Charles, has joined Coldwell Banker Commercial as vice president in the firm?s brokerage division.
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SSM named one of the area?s best builders
Tue, 07 Sep 2010 21:48:45 GMT
PRIDE of St. Louis Inc., a construction labor-management organization, named SSM Health Care one of the area?s best builders at an awards luncheon downtown last week.
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Greenbelt's Hanover Apartments sold for $39.5M
Tue, 07 Sep 2010 21:35:14 GMT
Norfolk-based Harbor Group International LLC has purchased the Hanover Apartments in Greenbelt from Federal Capital Partners and Angelo, Gordon & Co. LP for $39.5 million.
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Carthage College receives $7 million gift
Tue, 07 Sep 2010 21:34:03 GMT
Carthage College has been given a $7 million gift from the Tarble Family Foundation of Los Angeles to help finance the school?s new student union, which is under construction at its Kenosha campus.
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King?s Hawaiian opening bakery in Ga.
Tue, 07 Sep 2010 21:09:38 GMT
King?s Hawaiian will put a bakery and distribution operation in Oakwood, Ga.
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Nike finds temporary home away from Opry Mills
Tue, 07 Sep 2010 20:07:18 GMT
Another Opry Mills Mall tenant ? Nike ? has signed a deal at a new location.
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?Tiger Lane? set for official opening Wednesday
Tue, 07 Sep 2010 19:53:01 GMT
The Tiger Lane tailgating area at Liberty Bowl Memorial Stadium will officially open with a ceremony Wednesday at 7:30 p.m.
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Wichita still an option for CornerBank
Tue, 07 Sep 2010 19:51:04 GMT
Winfield-based CornerBank still is willing to build a branch in a high-profile part of east Wichita, but it?s waiting for the city?s economic picture to make some improvement.
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Ogden acquires realty company
Tue, 07 Sep 2010 19:44:50 GMT
Ogden & Company Inc. is taking over management of 75 new properties after acquiring Waukesha-based Holley Realty Inc.
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American Tobacco lures HQ from Greensboro to Durham
Tue, 07 Sep 2010 18:52:37 GMT
The Chordoma Foundation. a nonprofit and scientific research organization, is moving from Greensboro to Durham?s American Tobacco Campus.
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Chartwell Hospitality plans up to $500 million in hotel buys
Tue, 07 Sep 2010 18:20:41 GMT
Chartwell Hospitality plans to spend $400 million to $500 million on select-service hotels, taking advantage of bargains made possible by the recession.
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Ronald McDonald House celebrates $4M expansion
Tue, 07 Sep 2010 18:16:36 GMT
A celebration for the newly expanded Ronald McDonald House of Winston-Salem will take place Sunday from 3 p.m. to 5 p.m.
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Officials scramble to fund Milwaukie rail
Tue, 07 Sep 2010 17:34:07 GMT
A regional committee that controls transportation spending in the Portland area has approved pouring $27.4 million into the Milwaukie light rail project?s budget hole.
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Sarasota Memorial Hospital moves toward bed tower construction
Tue, 07 Sep 2010 17:21:23 GMT
Sarasota Memorial Hospital has leased space in the Sarasota Industrial Park as it prepares to build a nine-story, 220-room patient bed tower.
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ISC extends closing deadline on NY site
Tue, 07 Sep 2010 17:13:26 GMT
International Speedway Corp. has amended an agreement to sell a 676-acre parcel in Staten Island, N.Y., to KB Marine Holdings LLC for $88 million.
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TDIndustries acquires JBS
Tue, 07 Sep 2010 17:08:21 GMT
Mechanical construction firm TDIndustries has purchased HVAC system mechanical contractor JBS Mechanical. The transaction value was not disclosed.
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Cincinnati commercial delinquencies now top $500M
Tue, 07 Sep 2010 16:46:08 GMT
Cincinnati?s delinquency rate on securitized loans increased for the fifth straight month in August, reaching 15.7 percent.
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City of Austin to solicit bids for Waller Creek Tunnel project
Tue, 07 Sep 2010 16:39:48 GMT
The city is hosting a meeting this month for developers interested in bidding on work for an estimated $127.5 million community development project.
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Fluhr to speak at WIBA
Tue, 07 Sep 2010 16:17:12 GMT
Jeff Fluhr, president of the Wichita Downtown Development Corporation, will be the speaker next week at the Wichita Independent Business Association?s September luncheon.
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Downtown Dayton lands new restaurant
Tue, 07 Sep 2010 15:36:34 GMT
A new restaurant, De?Lish, is opening in downtown Dayton this October.
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Promotions and Hirings: September 7
Tue, 07 Sep 2010 14:05:48 GMT
Editor's note: Each day, we will share five items from the People on the Move section we publish each Friday in our print edition. The full list is available only to Triangle Business Journal subscribers. If you are not a subscriber but would like ea..[read more]
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Texas investor plans Lockport project
Tue, 07 Sep 2010 12:14:21 GMT
A Texas investor with Western New York roots is planning to demolish an abandoned Lockport factory, according to the Lockport Union-Sun & Journal.
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Obama offers $50B infrastructure plan
Mon, 06 Sep 2010 23:22:15 GMT
President Barack Obama proposed spending $50 billion on infrastructure projects nationwide in an effort to spur job creation during a Labor Day speech at a union event in Milwaukee.
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Adrian Fenty, Vincent Gray on taxes
Mon, 06 Sep 2010 13:00:06 GMT
Few elected leaders are willing to raise taxes in an election year, but the District is struggling with a recessionary economy. Where do the candidates stand on tax hikes to close budget gaps? Will the cost of doing business with the District continu..[read more]
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Seminole State seeks $260 million for construction projects
Mon, 06 Sep 2010 04:00:00 GMT
Seminole State College will seek $260.3 million in state funding during the next five years for new construction, remodeling and renovations at its four campuses.
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Brightstar moves key Miami distribution hub to larger space
Mon, 06 Sep 2010 04:00:00 GMT
Brightstar Corp. has moved its Latin American/Caribbean distribution hub into a 65,000-square-foot facility from a 45,000-square-foot facility. (IT)
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Alliance Residential Co. obtains $31M loan for Citrus Park multifamily project
Mon, 06 Sep 2010 04:00:00 GMT
TAMPA ? After years of planning, construction on a 296-unit apartment complex will get under way in October to bring more rental units to Citrus Park by late next year. (PPS)
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Kimpton to buy Lafayette Building
Mon, 06 Sep 2010 04:00:00 GMT
Kimpton Hotels has put the Lafayette Building on Independence Mall under agreement and could spend more than $70 million to convert the property into a 270-room hotel, according to people familiar with the transaction.
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Banks squeeze out speculation from construction funding
Mon, 06 Sep 2010 04:00:00 GMT
Two Tampa community banks have built a book of business in construction and development lending, despite a national pullback triggered by the real estate meltdown and tight regulatory scrutiny. (WAG)
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Office tower to hit sale block
Mon, 06 Sep 2010 04:00:00 GMT
One of downtown Dayton?s premier buildings has been purchased by its lender and is about have a ?for sale? sign placed on it again.
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DP Partners to sell parcels of its giant N.J. industrial park
Mon, 06 Sep 2010 04:00:00 GMT
LOGAN, N.J. ? DP Partners, a national industrial development company that bought 1,100 acres here for the development of a massive distribution hub, has decided to sell undeveloped land in the park.
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50-year-old Bryn Mawr center gets face-lift by Robbins
Mon, 06 Sep 2010 04:00:00 GMT
BRYN MAWR ? The Robbins Cos. is investing $2.25 million to transform an office complex here that was built 50 years ago ? and virtually unchanged since then.
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Gundaker faces $40 million in lawsuits
Mon, 06 Sep 2010 04:00:00 GMT
Longtime real estate developer Gordon Gundaker Jr., chair of Gundaker Commercial Group, and his partners are facing two lawsuits brought by national lenders over multimillion-dollar loans.
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Endura negotiating for huge medical-office leasing assignment
Mon, 06 Sep 2010 04:00:00 GMT
A major Nashville-based real estate investment trust, or REIT, is in the process of finalizing a significant contract with Endura Advisory Group that would expand the local firm?s leasing portfolio by some 390,000 square feet.
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San Antonio's office market gets welcome boost from BRAC
Mon, 06 Sep 2010 04:00:00 GMT
San Antonio, as a result of the Pentagon?s Base Realignment and Closure (BRAC) action in 2005, has seen a windfall of new construction at various military installations ? to the tune of more than $2 billion worth of projects.
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Alston & Bird nearing office decision
Mon, 06 Sep 2010 04:00:00 GMT
Atlanta?s biggest law firms are giving up floor after floor of the best office space in the city as they try to slash tens of millions of dollars in real estate costs.
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Turley turning historic warehouse into mixed-use
Mon, 06 Sep 2010 04:00:00 GMT
Henry Turley Co. is looking to breathe more life into Downtown?s center with plans to turn a 101,868-square-foot warehouse at Second and Gayoso into a mixed-use development.
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Goodwill Industries of Central Texas growing in a big way
Mon, 06 Sep 2010 04:00:00 GMT
Goodwill Industries of Central Texas has signed a lease for a 124,200-square-foot building in Southeast Austin, marking the largest industrial lease transaction of the year and one of the biggest deals across all real estate sectors in 2010.
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Road funds bumped up in FY 2010
Mon, 06 Sep 2010 04:00:00 GMT
There?s one segment of Colorado?s business community that has nothing but good to say about federal economic stimulus programs: Colorado?s road and bridge contractors.
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State Dept. needs space for training facility
Mon, 06 Sep 2010 04:00:00 GMT
The Department of State is consolidating its training academy facilities for international narcotics and law enforcement workers, and is hunting for a new campus within 50 miles of the city for the streamlined training program.
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Developer invests $3M in GSO Goodwill center
Mon, 06 Sep 2010 04:00:00 GMT
Construction will begin on a new 13,600-square-foot Goodwill retail and donation facility at the corner of North Elm Street and Pisgah Church Road in Greensboro that will replace the organization?s East Cone Boulevard location by next year.
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Santa Clara County expecting an onslaught of property tax appeals
Mon, 06 Sep 2010 04:00:00 GMT
The Santa Clara County Assessor?s office is girding for an onslaught of property tax appeals as the Sept. 15 filing deadline looms.
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Piedmont REIT strikes $66M deal for Meridian Crossings
Mon, 06 Sep 2010 04:00:00 GMT
A two-building office complex in Richfield that recently scored a large lease from U.S. Bancorp will soon change hands for $66 million.
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TCF forecloses on Hoyt property
Mon, 06 Sep 2010 04:00:00 GMT
TCF National Bank has initiated foreclosure proceedings on a 90-acre parcel in Brooklyn Park from an investor group controlled by developer Steve Hoyt, but that group intends to hold onto the property.
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Northwest Airlines HQ buyer paying $19.5M
Mon, 06 Sep 2010 04:00:00 GMT
A real estate investment trust that specializes in owning buildings leased to the federal government has a contract to buy the former Northwest Airlines headquarters building in Eagan for $19.5 million.
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Contractors hope that BART's Berryessa extension takes them to recovery
Mon, 06 Sep 2010 04:00:00 GMT
With no giant cranes in sight, Silicon Valley construction contractors are anxiously awaiting the region?s next big construction project: the extension of BART into Santa Clara County.
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Industry veterans Herman Diebler and Ken Traenkle join forces to launch Verity
Mon, 06 Sep 2010 04:00:00 GMT
Former construction executive Herman Diebler and tenant broker Ken Traenkle met four years ago when they sat on opposites sides of the table at the Commerce Executive Building in Reston, striking a deal for their respective clients. They recently for..[read more]
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Safeway to swap San Jose store for Campbell in February
Mon, 06 Sep 2010 04:00:00 GMT
Safeway Inc. will be checking out of another San Jose location as it prepares to open its new store in Campbell in early 2011.
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Core could do three-way deal with old Minute Maid base
Mon, 06 Sep 2010 04:00:00 GMT
Core Real Estate LLC is under contract to buy the former Minute Maid facility at 2000 St. James Place.
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Major GSA lease requests plummet
Mon, 06 Sep 2010 04:00:00 GMT
The General Services Administration has submitted only four requests for major agency leases in the Washington area to Congress for fiscal 2011, fewer than the normal eight to 20 it generally submits each year.
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Siemens Power Generation denied escrow account for Union Trust Building rent
Mon, 06 Sep 2010 04:00:00 GMT
A judge with the Allegheny Court of Common Pleas has ruled that Siemens Power Generation Inc. cannot place its rent for the Union Trust Building in escrow while it continues a lawsuit against the owner of the building.
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Chester Engineers, CJL Engineering fill NOVA Chemicals building
Mon, 06 Sep 2010 04:00:00 GMT
The NOVA Chemicals Commercial Center in Westpointe Corporate Center is all filled up.
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Michael Scheurich tells of Hurricane Ike lessons learned
Mon, 06 Sep 2010 04:00:00 GMT
Michael Scheurich has seen first-hand the dramatic changes that have taken place in commercial construction, from emerging design technologies and the environmental concerns of building owners to the impact of Hurricane Ike. As president of Arch-Con ..[read more]
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Grubb & Ellis fills top Houston position with Jim Adams
Mon, 06 Sep 2010 04:00:00 GMT
A veteran Houston real estate professional has taken the helm of Grubb & Ellis Co. 18 months after the commercial brokerage firm laid off its top local executive.
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Whitestone lowers IPO price
Mon, 06 Sep 2010 04:00:00 GMT
Whitestone REIT has launched a $26 million initial public offering with a lower asking price that reflects a rougher than expected year for IPOs.
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Granite puts large industrial portfolio on block
Mon, 06 Sep 2010 04:00:00 GMT
Granite Properties Inc. is selling its entire industrial portfolio ? with an estimated value of more than $165 million ? at a time when investors are chasing after quality real estate assets.
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RED Development edges out Van Tuyl team for West Edge in bankruptcy auction
Mon, 06 Sep 2010 04:00:00 GMT
A group of predominantly local investors edged out a team led by auto dealer magnate Cecil Van Tuyl by $500,000 to buy the West Edge project.
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Polaris a boon to Delaware County over past decade
Mon, 06 Sep 2010 04:00:00 GMT
When Franz Geiger started as managing director of Polaris Centers of Commerce 12 years ago, the sole significant retailer in the area was a Kroger grocery store.
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Brandmeyer continues investment in Allcrete Concrete
Mon, 06 Sep 2010 04:00:00 GMT
Mark Brandmeyer is undeterred by the recession in the housing and construction industry and continues to invest in his new concrete construction business so it is positioned to take advantage of any market improvement.
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Next development wave will blend outlying projects with urban infill
Mon, 06 Sep 2010 04:00:00 GMT
Robert Weiler is heading north for his next big real estate project. The longtime Columbus developer, one of the principals in the Polaris Centers of Commerce, is working with Nationwide Realty Investors to create a 1,700-acre mixed-use project near ..[read more]
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Quaker inks this year?s largest industrial lease, in Tacoma
Mon, 06 Sep 2010 04:00:00 GMT
In what real estate sources say is the largest new industrial lease in the Puget Sound area so far this year, PepsiCo Inc. subsidiary Quaker has leased 444,400 square feet of space in a warehouse and distribution center in Tacoma.
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Lower-class apartments show value drop and promise for great return on investment
Mon, 06 Sep 2010 04:00:00 GMT
There have been very few bright spots in real estate since the foreclosure crisis began in the residential sector. The commercial real estate market also suffered from the shockwave created by the loss of homes, jobs and economic dislocation. Despite..[read more]
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Construction projects, jobs wane as stimulus taps out
Mon, 06 Sep 2010 04:00:00 GMT
With federal stimulus funds set to dry up later this year and into 2011, local construction companies and national observers are anticipating another slowdown in the building industry, possibly worsening the sector?s recent job losses and hindering t..[read more]
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Dekker trims, Las Cruces news and Yearout's new division
Mon, 06 Sep 2010 04:00:00 GMT
Dekker/Perich/Sabatini trims 28 The recession?s continuing impact on the construction trades is painfully evident at New Mexico?s blue chip architectural firm, Dekker/Perich/Sabatini. Managing Partner Dale Dekker was forced to cut 28 employees in Aug..[read more]
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Oatman exceeding expectations on the job
Mon, 06 Sep 2010 04:00:00 GMT
Leith Oatman, principal at Gresham, Smith and Partners, has far exceeded her projected revenue goal for 2010 despite the recession?s effect on commercial construction.
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County decision frees up space at medical center
Mon, 06 Sep 2010 04:00:00 GMT
Besides replacing an outdated complex, a proposal to build a new Milwaukee County behavioral health facility opens the door for a possible 3 million square feet of development over the next 12 years at the Milwaukee Regional Medical Center in Wauwato..[read more]
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Dismal real estate market, outlook prompt shuttering of Maddox NBD
Mon, 06 Sep 2010 04:00:00 GMT
A Dublin architectural firm with roots dating to the 1950s has closed amid a continued slump in commercial development and the principals? dim outlook for the construction climate.
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Gavilan College updates facilities with $108M in bonds
Mon, 06 Sep 2010 04:00:00 GMT
Gavilan College is on the home stretch of remaking itself.
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Clarus Properties closes a handful of industrial deals
Mon, 06 Sep 2010 04:00:00 GMT
Boutique commercial real estate firm Clarus Properties has been busy lately with several area industrial deals.
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Newman University's master plan tabs science building as top facilities need
Mon, 06 Sep 2010 04:00:00 GMT
Newman University has identified a new science building as its top facilities priority as the private school begins to move forward with plans to implement an updated campus master plan.
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Advanced Payroll Systems moving to larger space in Eastpoint
Mon, 06 Sep 2010 04:00:00 GMT
Advanced Payroll Systems Inc., a Louisville-based payroll-management firm, has plans to move to Eastpoint Business Center from its current home on Commonwealth Drive in the Blankenbaker Parkway corridor.
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Green buildings must be maintained over time
Mon, 06 Sep 2010 04:00:00 GMT
Concern over the environment and growing acceptance of values such as energy efficiency, sustainability and ?green? have resulted in thousands of buildings seeking and achieving Leadership in Energy and Environmental Design (LEED) certification from ..[read more]
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Aegon scouting downtown Baltimore properties for new offices
Mon, 06 Sep 2010 04:00:00 GMT
Aegon USA Inc. wants to leave its Mount Vernon headquarters and move into larger and more high-profile space downtown, according to commercial real estate brokers familiar with the company?s search.
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Troutman Sanders law firm moves to Fox Tower
Mon, 06 Sep 2010 04:00:00 GMT
Troutman Sanders LLP, an Atlanta-based law firm, selected Fox Tower, 805 S.W. Broadway, for its new Portland office.
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In commercial real estate, brokers say 2010?s good start may be fading
Mon, 06 Sep 2010 04:00:00 GMT
The commercial real estate business in Wichita picked up a little steam during the first half of the year, according to the city?s brokers.
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Shopping center sues Goodyear
Mon, 06 Sep 2010 04:00:00 GMT
The owners of a North Dallas shopping center have sued former tenant Goodyear, claiming the company violated its lease by releasing chemicals that contaminated portions of the property.
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S.F. market tightens for tech tenants
Mon, 06 Sep 2010 04:00:00 GMT
High-flying tech companies are chasing scarce SoMa office space, reminiscent of the early dot-com boom days.
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Online gambling operation expands at Foundry Square
Mon, 06 Sep 2010 04:00:00 GMT
International Game Technology is tripling its San Francisco office.
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S.F. offers America?s Cup a real estate deal
Mon, 06 Sep 2010 04:00:00 GMT
Facing a deadline later this month, organizers of San Francisco?s bid to host the America?s Cup are devising a plan to pay for the estimated $120 million in infrastructure repairs needed along the waterfront.
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Wisteria expanding, opening new showroom
Mon, 06 Sep 2010 04:00:00 GMT
Wisteria, the eclectic home and garden retailer, is opening a showroom near Dallas Love Field and is in the market for headquarter and warehouse space.
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Bayer Properties sells Cahaba Village shopping center
Mon, 06 Sep 2010 04:00:00 GMT
Bayer Properties said it recently sold Cahaba Village on U.S. 280 to an institutional investor.
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Commercial investment showing improvement
Mon, 06 Sep 2010 04:00:00 GMT
After the most severe commercial real estate downturn in recent memory, experts say investor interest in properties is beginning to inch upward again.
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Safeway to anchor planned Pleasanton office complex
Mon, 06 Sep 2010 04:00:00 GMT
Instead of an office complex, the first phase of Pleasanton Gateway, a 39-acre development site in Pleasanton, will likely be a Safeway-anchored shopping center.
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