Allison Landa
Responding to Demand, Denver-Area Children’s Hospital Kicks Off $230M Expansion
The expansion will address a demand that has been on the rise since 2007, when the hospital opened its new location at the 227-acre Anschutz Medical Campus, a recently developed education, research and patient care complex.
Economy Watch: Beige Book Not Cheerful on Recovery
July’s Beige Book–Summary of Commentary on Current Economic Conditions by Federal Reserve District, to give its more formal name–characterized the current economy in a less-than-stellar way on Wednesday. “Reports… suggest that economic activity continued to be weak going into the summer, but… the pace of decline has moderated since the last report or that activity has begun to stabilize.”
Microsoft Leases 113,000 SF at One Cambridge Center
The lease is part of the expansion of Microsoft’s New England Research & Development Center in Kendall Square. Cambridge Center’s owner and developer is Boston Properties, Inc.
MGM Resorts to Pocket $73M on Sale of Ground Leases and Land at Atlantic City’s Borgata
Having reached an agreement with Paramus, N.J.-headquartered REIT Vornado Realty Trust and Los Angeles-based Geyser Holdings, MGM Resorts International has taken the next step in the planned disposition of assets at The Borgata Hotel Casino & Spa.
Demolition Paves Way for 500,000-SF Shopping Center at Former Arsenal in Philly
It was the War of 1812 that led to the original development of the Frankford Arsenal in 1816, and today, the site is still home to a bevy of historic buildings, a great number of which will remain as the property undergoes redevelopment.
Economy Watch: Home Prices Up For Now
The S&P/Case-Shiller Home Price Index for both the 10 top and 20 top U.S. metro markets registered upticks in May compared with April. The 10-city index was up 1.2 percent and the 20-city index rose 1.3 percent. Compared with last year, the 10- and 20-city indices were up 5.4 percent and the 4.6 percent.
Wilson Wraps Up 2 Million SF in Leasing Assignments for 2010
The largest leases include the 487,370-square-foot Commons at Quartz Hill in Lancaster, California, the 218,503-square-foot Crossroads at 395 in Victorville, California and the 224,783-square-foot Granada Village in Granada Hills, California.
NAREIT’s Brad Case on REIT Performance
NAREIT vice president of research & industry information Brad Case discusses REIT performance on CPE TV during REIT Week 2010.
Healthfirst Signs 172,600-SF HQ Lease at SL Green’s Church Street Building in Manhattan
Under a 20-year lease agreement, Healthfirst will maintain its headquarters on four floors at the 21-story building at 100 Church Street, downtown. The property has been in SL Green’s portfolio since January of this year when the REIT became sole owner on the heels of a foreclosure of the senior mezzanine loan on the building.