Brokerage
Opus to Build New Office Building for Xcel Energy at Nicollet Mall
By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. […]
NAREE Special Report: Housing Demand Grows; Will Supply Follow?
If there are two points economists during the NAREE conference agreed on, it was that housing demand is growing in the face of short supply and that the extent varies at a very local level. But the pace at which it will advance from here remains a moving target.
JLL Sells $760M Loan Portfolio for Eurohypo
Jones Lang LaSalle Capital Markets has closed the sale to US Bancorp, Wells Fargo Bank and Blackstone Group of $760 million in loans, JLL announced Tuesday.
SL Green Secures NYC’s 373 KSF Lease Renewal, Refinances Property for $230M
The city of New York has decided to stay put in in its 372,500-square-foot home at 100 Church St. in Manhattan, at the same time that building owner SL Green Realty Corp. refinanced the 1 million-square-foot property to the tune of $230 million.
One Hartsfield Centre Hits the Market
By Georgiana Mihaila, Associate Editor The 150,000-square-foot, Class A office building overlooking the north end of Hartsfield-Jackson Atlanta International Airport is now up for grabs. Leading commercial real estate services provider Cassidy Turley has already commenced marketing efforts. The sales team for One Hartsfield Centre consists of Gary Lee, managing director, Mike Shelly, a senior […]
BioMed Realty Trust Expands San Diego Portfolio
By Gabriel Circiog, Associate Editor BioMed Realty Trust, Inc. has acquired two parcels of land totaling 28 acres in San Diego for approximately $47 million, excluding transaction costs. The locally based company announced that it has leased the two sites to Advanced BioHealing, Inc., a subsidiary of Shire plc, in a long term deal. Advanced […]
Stiles Realty Taps Industry Veteran Paul Marko as President
The CBRE alumnus’ new mission: enhancing the firm’s presence across Florida while strengthening its foothold in core South Florida markets.
ULI: Real Estate Recovery Comes Amid Rebounding Investment; Worries Abound About Debt Capital Shortfall, Europe
Although investment capital is again flowing for CRE, speakers at the Urban Land Institute’s Real Estate Capital Markets Conference are concerned with relative dearth of debt capital, possible refinancing difficulties ahead and the current European economic crisis.
Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M
by Adriana Pop, Associate Editor Citrix Systems Inc. plans to expand its data-sharing division by investing at least $12.5 million in a new facility in downtown Raleigh. The company chose Raleigh over Atlanta and Austin for its expansion. Jesse Lipson, general manager of Citrix Systems data sharing operations, told the Triangle Business Journal that the […]
Marcus & Millichap: Net-Leased Retailers Expand Reach, See Investor Interest
Certain property types are well-positioned to take advantage of the fact that Americans’ personal incomes continue to stagnate, and net-leased properties – including discount retailers, drugstores, quick-service restaurants and even big-box chains – are seeing renewed investor interest in response.