the Editors of Commercial Property Executive

Forest City Completes Colorado Retail Center

The 215-acre Orchard Town Center in Westminster, Colo., under construction since the fall of 2005, has opened amid a rather different economic and consumer environment than during its ground breaking.The open-air retail project is one of a number of developments in the Denver area being undertaken by Cleveland-based Forest City, including the massive redevelopment of the former Stapleton International Airport.According to the company’s fourth quarter report, as of the end of January the 983,000-square-foot Orchard Town Center project was 59 percent leased. JC Penney, SuperTarget and Macy’s are anchors, along with a 12-screen AMC movie theater. Other tenants include Aeropostale,…

25-Acre Purchase Paves Way for 500,000SF Office Project in San Antonio

Brass Funds has just acquired 25 acres of land off I-10 in San Antonio to accommodate the development of a new office project that will encompass 400,000 to 500,000 square feet. Laredo Westover Hills was the seller.Brass Funds has already taken another big step toward getting its project underway, having secured the rezoning of one acre of the property from residential to multi-family, thereby allowing for the development of office space. Specific details of the project have not yet been ironed out; however, in addition to office space, the tentative plan calls for several outdoor conference rooms.Magi Real Estate and…

Raleigh Office Park Trades for $113M

Highwoods-DLF Forum L.L.C., a joint venture between Highwoods Properties Inc. and German fund DLF, has just purchased The Forum, a 635,000-square-foot office complex in Raleigh, N.C. The partnership paid approximately $113 million for the Class A property.Sited on a 19-acre parcel, The Forum boasts a location in the coveted Six Forks submarket of North Raleigh. The office park encompasses five structures, the first four of which are 92 percent leased. Forum V, which is not quite one year old, is 82 percent leased. Highwoods will oversee leasing and management of the buildings. The company’s portfolio of owned and partially owned…

Industrial Nanotech Product Sales Grow

Naples-Fla-based Industrial Nanotech’s sales of its patented energy-efficient products continue to grow. Industrial Nanotech products, brought out for industrial use in 2004, provide thermal insulation and a resistance to moisture and mold. The industrial coatings have tiny nano-particles in them that funnel heat waves through maze-like passages to increase insulation value. The nanotech coatings have other advantages: they fight corrosion, mold and moisture. Unlike usual ceramic coatings, the Nanotech coating is thinner as well, ande is actually a water-based acrylic latex, containing the tiny-tunnel-filled particles“Nanotechnology sounds to some people very space-age, like Darth Nader, but we are actually very Mother…

Powermat, Denpeki  Create  Wireless ‘SmartWalls’

Powermat, an Israeli and New York technology start-up company, and the privately held Japanese developer Denpeki, are collaborating to manufacture an new wireless technology that delivers power directly through surfaces such as mats, counters, tabletops, and walls. The technology would replace electric wiring and open sockets. Appliances placed on the embedded power substrate, such as coffee makers, laptops, or cell phones, will work with energy created by magnetic induction  instead of a directly wired connection. The wireless technology consists of a very thin layer of printed electronics, like wall paper, that can be overlaid, put inside of or integrated into…

ADC Systems Now Provide Advanced Cellular Coverage

Minneapolis-based ADC continues to improve connections in wireline, wireless, cable, broadcast, broadband and enterprise networks around the world, most recently by acquiring LGC, a privately help San Jose, Calif., firm. Noted John Spindler, vice president of product management for ADC, “Enterprises are simply demanding more coverage indoors. First and foremost, the usage of wireless and cellular is quite ubiquitous – even 8 year olds carry cell phones now, and everyone expects them to work wherever they go.”Originally cell phones were intended to be used in cars. Now usage patterns have changed. About 70 percent of all calls are initiated or…

Video Surveillance Market Eyes Explosive Growth

ABI Research, headquartered in New York , predicts that the video surveillance market is about to have a burst of growth. ABI has reported that in 2006, the industry had revenues of about $13.5 billion and their research indicates that revenues will swell to $46 billion in 2013. This growth will affect all the kinds of services and equipment that are necessary in security systems work, such as cameras, computers, storage and hardware infrastructure–as well as professional services. ABI Research vice president and research director Stan Schatt explained to CPN some of the factors that are pushing this growth. First…

Behringer Harvard Switches to DST

Dallas-based Behringer Harvard has switched its transfer agent to DST Systems, of Kansas City, Mo. to handle the record-keeping, transfer agency, account statement processing and other reporting for all of its real estate investment programs. Behringer Harvard will be the first direct participation program, and the first non-traded REIT sponsor to use the DST systems. Previously Behringer Harvard had used Phoenix Transfer out of San Rafael for its recordkeeping. Said Jason Mattox, executive vice president of Behringer Harvard, “We switched because the DST platform offers us a wider range of technology, and in particular enhanced servicing technology that will benefit…

FraudNET Mortgage Alert System Raises Red Flags on Fraud

Interthinx, a California-based provider of mortgage fraud detection products, announced recently major findings discovered with the use of its FLEX program–or fraudNET Loan Exchange. Company analysts analyzing mortgage applications submitted over the last 6 months of 2007 found 42,000 applications with misrepresentations. The potential losses equaled some $11 billion dollars. Interthinx gathers data about borrowers and any participants to the loan, about lenders, brokers appraisers, sellers and agents. The systems look at information that concerns identity and income. Interthinx validates phone numbers, employment histories, and occupation data, and aggregates all the derogatory data. For example, the systems collect any complaints…

WTC Chooses Mirage Networks for Agentless Security System

World Trade Center developer Silverstein Properties has contracted with Mirage Networks solution for the technology security at 7 World Trade Center. Its Network Access Controls, or NAC, has greater security, a must for sites like the World Trade Center and other financial institutions. Said Greg Stock, President and CEO of Mirage Networks, “I can’t imagine an organization more focused on security than Silverstein. We absolutely consider their deployment of Mirage a badge of honor and a testament to our capability.” Network Access Controls helps an IT department with a combination of layers of protections Typically in any space that needs…