Camelia Bulea
Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.
Transwestern, State Farm Buy 380,000-SF Plano Office Building
By Camelia Bulea, Associate Editor Transwestern Investment Management partnered with State Farm Life Insurance Co. to purchase an approximately 379,404-square-foot Class A office building located in Plano. 5320 Legacy Drive is one of three buildings in The Campus at Legacy, which was recently redeveloped to earn Leadership in Energy and Environmental Design (LEED®) certification from […]
$90M Amazon Buy is Latest in Industrial REIT’s Local Spree
By Camelia Bulea, Associate Editor Denver-based Industrial Income Trust Inc. acquired a 1.26-million-square-foot Amazon distribution facility in a $90.3 million deal, the Phoenix Business Journal reported. At $71.25 per square foot, the price is the highest ever commanded by a spec industrial building in the metropolitan Phoenix market, Cushman & Wakefield Inc. told the Business Journal. […]
Intel Corp. Adds $300M R&D Facility at Chandler Campus
By Camelia Bulea, Associate Editor Intel Corp. is investing $300 million in a new research-and-development facility at its campus in south Chandler, thus further expanding its footprint in the city where it has had a presence since 1979. The facility is currently under construction at the technology giant’s Ocotillo campus. AZCentral.com reports that the project will give a significant […]
JPMorgan Sells Luxury M-F Asset in Ahwatukee for $61M
By Camelia Bulea, Associate Editor Chicago-based Waterton Associates L.L.C. paid $61.3 million to acquire Andante Apartments, a 576-unit luxury apartment community in Ahwatukee. The price is the second-highest commanded by a multi-family asset in metropolitan Phoenix this year, bested only by the $68.8 million paid for the San Melia Apartments about a half-mile north of Andante, […]
Northwest Medical Center Embraces $50M Expansion of Surgical Space
Northwest Medical Center (NMC) announced that it plans to invest almost $50 million in a new surgical wing, which will accommodate a growing demand for surgical services. The expansion is set to break ground this winter, and hospital officials expect that the project will take up to 20 months to complete.
Crow Holdings Buys N. Scottsdale Center for $38M
By Camelia Bulea, Associate Editor Dallas-based Crow Holdings Capital Partners L.L.C has acquired Scottsdale Horizon, a 154,766-square-foot neighborhood retail center, in an all-cash transaction valued at $38 million. The buyer is a separate fund of Crow Holdings, a private wealth management entity affiliated with the estate of the late Trammell Crow, according to the Phoenix […]
Austin Office Vacancies Fall in Q2 Due to Healthy Absorption
By Camelia Bulea, Associate Editor
The Austin office market showed signs of healthy absorption in the second quarter of this year, as nearly 219,000 square feet of office space were leased by companies like Cirrus Logic Inc., Whole Foods Market Inc. […]
1400 Hi Line Glass Tower Opens Half Leased
By Camelia Bulea, Associate Editor 1400 Hi Line – a glass tower in the Dallas Design District – opened with half of its available apartments leased: 57 of the 110 luxury apartments built out on the lower 10 floors. The tower opened on July 2, 18 months after it broke ground. The 24-story tower will […]
Mayo Clinic Marks Milestone With Innovative Projects
By Camelia Bulea, Associate Editor The Mayo Clinic is building a $182 million proton-beam therapy center adjacent to its Phoenix hospital. The first treatment rooms are expected to open by 2016, followed by additional rooms the next year. Additionally, the non-profit clinic plans to add a medical-school branch campus in Scottsdale in 2015, according to […]
Mesa Breaks Ground on $99M Chicago Cubs Ballpark
By Camelia Bulea, Associate Editor Construction of the $99 million baseball park in Mesa that will be the spring training home of the Chicago Cubs officially kicked off July 11 with a groundbreaking ceremony hosted by city leaders and officials of the Major League Baseball team. Located on Dobson Rd. just south of the Loop […]