Gabriel Circiog
Economic Development Coup as Aurora Lands New Distribution Center
By Gabriel Circiog, Associate Editor Following a new 10-year agreement, Aurora has managed to land a new $45 million distribution center for United Natural Foods, which will ensure the addition of 75 new jobs and the retaining of 475 existing … Continue reading →
Twin Cities Developer Peter Remes Plans Renovation of Recently Acquired 5.5-Acre Complex
By Gabriel Circiog, Associate Editor Twin Cities developer Peter Remes and his First & First L.L.C. purchased nine buildings in St. Paul’s Midway area and plans to invest millions of dollars in renovation, Finance & Commerce reports. The 5.5-acre, 205,000-square-foot complex, located from 550 to 558 Vandalia St., used to be the home of heating […]
Village Lindo Paseo Gets $26 Million in Financing from Wells Fargo; Westcore Properties Acquires Office Building in Encinitas
By Gabriel Circiog, Associate Editor Wells Fargo & Co. has provided $26 million in financing to complete the construction of Village Lindo Paseo, a 287-unit housing complex at San Diego State University, San Diego Business Journal reports. The project is developed by San Diego-based Village Lindo Paseo LP and is expected to house a total […]
Holliday Fenoglio Fowler Hired to Sell 1401 S. State St. and North Shore Hotel
By Gabriel Circiog, Associate Editor Holliday Fenoglio Fowler L.P. has been hired by a venture that includes Sam Zell’s Equity Residential and Dallas-based developer Lincoln Property Co. to market a 22-story apartment building located at 1401 S. State St., Chicagorealestatedaily.com reports. The South Loop urban loft high-rise was completed in 2008 and features 278 studio, […]
Dornin Investment Group Acquires Royal Oaks Senior Apartments
By Gabriel Circiog, Associate Editor Dornin Investment Group has purchased Royal Oaks Senior Apartments, a garden-style apartment community located in San Marcos, according to rentv.com. The 122-unit complex was built in 2003 and is operated as an age-restricted community for residents 55 and older. Slated as an affordable housing project, 10 percent of the units are […]
$414 Million Cerner Corp. Office Development Ready for Groundbreaking
By Gabriel Circiog, Associate Editor After several months of site preparation, the new Cerner Corp. office development is ready for its groundbreaking, according to The Kansas City Star. Located south of State Avenue, between Village West Parkway and Interstate 435, in western Wyandotte County, the 58-acre site will feature two nine-story office towers. Gould Evans came […]
Canadian REIT Acquires Westfield Business Park in Elgin
By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, Chicagorealestatedaily.com reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni Group agreed on a deal […]
Vikings Stadium Plan Receives Majority Support from City Council
By Gabriel Circiog, Associate Editor The latest Minnesota Vikings stadium plan is now backed by a majority of the Minneapolis city council, the Minneapolis / St. Paul Business Journal reports. The development was announced by Gov. Mark Dayton; Minneapolis Mayor R.T. Rybak, City Council President Barb Johnson and six other council members posted online letters […]
McCarthy Tops Out Steel Construction of New $110 Million Math and Science Building
By Gabriel Circiog, Associate Editor McCarthy Building Companies has topped out steel construction for a new four-story Math and Science Building at San Diego Mesa College. The 206,000-square-foot facility, located at 7250 Mesa College Drive in the Clairemont area of San Diego, was designed by Architects | Delawie Wilkes Rodrigues Barker. The ground-breaking ceremony took […]
Allied Realty Services and Amstar Plan Luxury Apartment Community
By Gabriel Circiog, Associate Editor A new luxury apartment community is planned for Denver’s Jefferson Park neighborhood. Allied Realty Services Ltd. and Amstar have announced plans to build the 332-unit community on a site near Interstate 25 and Speer Boulevard. The ten parcels of land, totaling 4.5 acres, were acquired by the two companies over […]