Gabriel Circiog
Newalta Corp. Leases Office Space at 1801 California Street; Corporate Center at InterQuest Falls into Foreclosure
Canada-based industrial services company, Newalta Corp., has leased a floor in the 1801 California Street high-rise in downtown Denver, The Denver Business Journal reports. The company is set to open its first Colorado office in the building which previously was the home of Qwest Communications International and now includes offices of CenturyLink Inc., which acquired Qwest. Continue reading →
KBS REIT III Acquires 40-Story RBC Plaza for $118.1M
KBS Real Estate Investment Trust III recently announced the acquisition of the 678,045-square-foot RBC Plaza. The Newport Beach, Calif.-based public non-traded REIT purchased the downtown Minneapolis mixed-use office building for $118.1 million (net of closing credits).
St. Anthony Advances $83M Plan for MidTown Expansion, New Mustang Medical Campus
St. Anthony Hospital intends to expand its MidTown home and has two projects planned for the MidTown Oklahoma City campus. St. Anthony also plans to create a new facility in Mustang, with a total combined cost of the projects reaching around $83 million, okc.BIZ reports.
UMKC to Add First Student Housing to Hospital Hill Campus
The first student housing project for the Hospital Hill Campus was recently green lighted by The Board of Curators of the University Missouri System. The panel voted to allow the University of Missouri-Kansas City to issue bonds and request proposals from developers.
Duke Realty Corporation Expands Portfolio in Chicago with Purchase of 288,000 SF Industrial Building
Duke Realty Corporation recently announced the acquisition of 335 W. Crossroads, a 288,000-square-foot industrial building in the I-55 submarket, which is Chicago’s second largest industrial market. The real estate investment trust, which specializes in the ownership, management and development of bulk industrial facilities, also announced it has leased 190,080 square feet in the building to RTC Industries.
Johns Manville Renews Lease with Crescent Real Estate to Keep World Headquarters in Downtown Denver
Johns Manville has renewed is lease and remains the anchor tenant and namesake for Johns Manville Plaza in Downtown Denver. Crescent Real Estate Holdings LLC recently announced the deal for 118,865 square feet which keeps Johns Manville’s world headquarters in Downtown Denver for at least another 12 years.
Legend, Maco Development Break Ground on Senior Projects
Legend Senior Living has broken ground on a new $13 million senior living center at Tulsa Hills. The 86-room facility will specialize in assisted living and memory care,
Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown
The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer of the vacant Roberts Tower in downtown St. Louis.
KBS Closes on Acquisition of 228-Unit Eden Prairie M-U Community
Newport Beach, Calif.-based KBS Legacy Partners Apartment REIT has closed on its first acquisition in 2013: Watertower Apartments. The 228-unit mixed-use community, located in Eden Prairie, Minn., is situated close to I-494 and Highway 212 and just 16 miles southwest of downtown Minneapolis.
NorthPoint Development Breaks Ground on $30M Apartment Project at Village West
Ground was recently broken on the Village West Luxury Apartment development, the first residential development at the Village West district. The $30 million upscale apartment project, situated close to the Kansas Speedway, will feature 306 units and according to Nathaniel Hagedorn, president and chief executive of NorthPoint Development,