Archive for June 2012
$120M Waterside Place Breaks Ground in Boston’s Innovation District
By Veronica Grecu, Associate Editor Nearly two years since getting the final green light from the Boston Redevelopment Authority (BRA), The Drew Company broke ground on the newest addition to the city’s emerging Innovation District, the $120 million Waterside Place located on the corner of Congress and D streets across from the Boston Convention & […]
Read MoreInvest Atlanta Moves to Georgia-Pacific Tower; Parkway Also Signs New Tenants
By Georgiana Mihaila, Associate Editor Invest Atlanta, the city’s official economic development authority, will soon be leaving its Pryor Street headquarters for the Georgia-Pacific Center; the agency signed a 13-year lease with landlord GA-MET—a joint venture of Metropolitan Life Insurance Company and Georgia-Pacific LLC—for 18,701 square feet on the 29th floor of the downtown office […]
Read MoreAffirmed Housing Group Completes Affordable Apartment Community
By Gabriel Circiog, Associate Editor Affirmed Housing Group has announced the grand opening of the City Scene Apartments in the North Park neighborhood of San Diego. City Scene Apartments features 31 affordable homes which are addressed to those who earn 50-60 percent of San Diego County’s Area Median Income. Located at 4105 Georgia Street, the […]
Read MoreKansas City Council Prepares Hefty Tax Incentive Package to Attract Freightquote.com
By Gabriel Circiog, Associate Editor The Kansas City Council is preparing a hefty tax incentive package to lure Freightquote.com to cross the state line, The Kansas City Business Journal reports. The current headquarters of the online shipping company is in Lenexa at 16025 West 113th Street, but Kansas City proposes a $65 million Chapter 100 […]
Read MoreRegency Plans 280,000 SF Retail Center for Issaquah
By Alex Girda, Associate Editor Issaquah Highlands, a master-planned community east of Downtown Seattle, will get a 280,000-square-foot grocery-anchored shopping center. Regency Centers will develop Grand Ridge Plaza on a vacant 25-acre parcel situated in the heart of the development. Regency’s forthcoming development will be anchored by Safeway, which will occupy 44,543 square feet. A […]
Read MoreLincoln Inks 164,000 SF of Leases at Mesa Business Park
By Alex Girda, Associate Editor Lincoln Property Co. recently completed 164,000 square feet in new leases and renewals at its Broadway 101 Commerce Park in Mesa. The firm has completed a new deal with PODS, an international moving and storage company, for 67,949 square feet at the complex at 2160 West Broadway Road. PODS will be […]
Read MoreToll Brothers Plans High-End Community in Lake Forest
By Alex Girda, Associate Editor As luxury locations go, you can’t go much higher than Orange County, Calif., an area whose wealth has been represented in countless movies and TV shows. The high-end lifestyle here has apparently stimulated the imagination of luxury home builder Toll Brothers, Inc., which has just snapped up the rights to develop Baker Ranch, […]
Read MoreGrocery-Anchored Shopping Centers Attract Interest in Tampa Bay Area
TNP Strategic Retail Trust—a public non-traded REIT that invests in grocery- and drug store-anchored retail properties—purchased the Bloomingdale Hills retail center in the Tampa suburb of Riverview for an undisclosed amount.
Read MoreHFF Arranges $85M Refi for The Houstonian Hotel, Club & Spa
Holliday Fenoglio Fowler L.P. arranged an $85 million refinancing for Houston’s premier luxury hotel and fitness facility, The Houstonian Hotel, Club & Spa. Working on behalf of owner The Redstone Cos.—a privately owned company with a focus on hospitality, real estate and private equity—HFF secured the fixed-rate loan with AXA Equitable Life Insurance Co. providing the capital through its advisor, Quadrant Real Estate Advisors.
Read MoreSilver Spring’s Station Square Sold for $120.6M
By Adrian Maties, Associate Editor Brandywine Realty Trust announced on Monday, June 25, that its Brandywine-AI Joint Venture has agreed to purchase three office properties in Silver Spring, Md. The acquisition price for the three-building portfolio was $120.6 million, or $241 per square foot. Known as Station Square, the portfolio totals 499,395 square feet. It […]
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