Archive for January 2012
Hines, JP Morgan Acquire Dallas' Plaza at Legacy Office Complex
Eight years after selling The Plaza at Legacy in Plano, Texas, Hines has welcomed the 215,000-square-foot office property back into its portfolio.
Read MoreClarion Grabs 187 KSF Washington State Retail Center
Capitalizing on what will likely be a strong year for retail, Clarion Partners has acquired a 187,000-square-foot shopping center in Covington, Wash., for $31 million.
Read MoreBoston Marriott Long Wharf Completes $30 M Renovation
By Veronica Grecu, Associate Editor
After four years and a $30 million investment, Marriott Hotels & Resorts and Sunstone Hotel Investors announced last week the completion of a full property renovation project at the Boston Marriott Long Wharf located at 296 […]
IDI Buys 250 Acres in SW Atlanta, Plans 650,000-SF Industrial Facility
By Georgiana Mihaila, Associate Editor
IDI, a leading full-service industrial real estate company, has recently announced its purchase of 254 acres of land in the I-20 West submarket of Atlanta; the company’s immediate plan is to start construction on Building A, […]
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif.
Read MoreOwner of the Historic Cosby Hotel Building Proposes Office/Retail Redevelopment Plan
By Gabriel Circiog, Associate Editor The Cosby Hotel building has a chance to dodge the wrecking ball as Sunflower Development Group plans to present a redevelopment plan for the historic construction, The Kansas City Business Journal reports. The 15,000-square-foot building was built in 1881 and was initially an office building for doctors before becoming a […]
Read MoreJBG Breaks Ground on Social Security Administration Facility
By Adrian Maties, Associate Editor
Work started January 26 on the new twin-building Social Security Administration facility in Northwest Baltimore. Mayor Stephanie Rawlings-Blake attended the groundbreaking ceremonies together with City Council Member Rikki Spector; Robert A. Peck, Commissioner of Public Buildings […]
IRS Re-Ups on 532 KSF of Fresno Office Space
The Internal Revenue Service, acting through Government Properties Income Trust, just signed a 10-year, 531,976-square-foot lease renewal in Fresno, Calif.
Read MoreEconomy Watch: Americans’ Personal Income, Savings Up
U.S. personal income grew 0.5 percent in December, according to the Bureau of Economic Analysis. All but two EU nations voted to enact Germany’s fiscal policies. And the Midwest Manufacturing Index rose by 1.7 points in December.
Read MoreWalker & Dunlop Provides $164M in Freddie Financing for Connecticut Multi-Family Properties
Walker & Dunlop L.L.C. has come through for Principal Management Partners with a $163.8 million loan package for the refinancing of a four-property apartment portfolio in Connecticut.
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