the Editors of Commercial Property Executive
Opening Nears for NSU’s New $50M Research Facility
According to an official announcement made by Nova Southeastern University, its Center of Excellence for Coral Reef Ecosystems Research—the largest coral research center in the country—will have its grand opening on September 27.
New GM Technology Center to Employ 500 IT Workers
By Camelia Bulea, Associate Editor
General Motors has announced plans to open a technology center in Northwest Austin, which is expected to hire about 500 IT workers. The company is recruiting software developers, project managers, database experts, business analysts and other […]
Aloft Nashville Music Row Unveiled
By Eliza Theiss, Associate Editor The Nashville hospitality market continues to run red-hot; it’s no surprise as the grand opening of the Music City Convention Center is just a little over six months away. And just 12 blocks from the convention center, Starwood Hotels & Resorts Worldwide, Inc. has unveiled the newest hotel to operate […]
Nordstrom to Move into Simon Property’s St. Johns Town Center
A 124,000-square-foot, two-level Nordstrom full-line store is heading for St. Johns Town Center in fall 2014, company officials announced.
Pulte Homes buys 86 developed lots in Stormcloud
Pulte Homes is planning to expand its presence on the Westside of Albuquerque with the purchase of 86 developed lots in Stormcloud. The developer has begun marketing these communities. According to the developer’s website, Pulte recently opened The Boulders and Mesa del Sol communities in Albuquerque, in addition to featuring new homes at Volterra.
Hines Global REIT Acquires Gap’s San Francisco Headquarters for $180 Million
By Alex Girda, Associate Editor International real estate giant Hines recently announced the purchase of one of the city’s best known office properties. The company’s subsidiary, Hines Global REIT, has completed the acquisition of 550 Terry Francois, the building that is currently fully under contract with Gap Inc. The real estate investment trust paid $180 […]
United Natural Foods Inc. to Consolidate Denver Area Operations in New State-of-the-Art Distribution Facility
By Gabriel Circiog, Associate Editor United Natural Foods Inc. has announced plans to open a new state-of-the-art distribution facility in Aurora, Colo. Located near I-70 in the Denver International Airport corridor, the 535,000-square-foot facility will serve as a distribution hub … Continue reading →
Ground Broken on $10M Affordable Housing Project
By Adrian Maties, Associate Editor Cincinnati is growing, with investments being made, thousands of jobs being created, the unemployment rate going down and the population growing. And with confidence in the housing market still low, especially in the suburbs, apartment operators are very, very happy these days. Marcus & Millichap is predicting that apartment vacancy […]
Normandale Lake Office Park Sells for $268M
By Gabriel Circiog, Associate Editor The Normandale Lake Office Park, a five-building complex located in Bloomington, was acquired by an affiliate of Chicago-based Equity Group Investments. Situated on 23 acres of land at the southwest corner of I-494 and Highway 100 in the Southwest suburb of Bloomington, the 1.7 million-square-foot Class A office complex features […]
HFF Closes $121.4M Carroll Square Leasehold Sale
By Adrian Maties, Associate Editor Holliday Fenoglio Fowler L.P. it has closed the leasehold sale of downtown Washington, D.C.’s Carroll Square. HFF represented the seller, Seaton Benkowski & Partners. The property was acquired by Munich-based GLL Real Estate Partners for $121.4 million. The German real estate investment advisor has also assumed an existing loan on the […]