Business Specialties
Grosvenor Americas Acquires 360-Unit Seattle-Area Apartment Complex
Grosvenor Americas has bought a 360-unit community in Woodinville, Wash. The company plans to spend about $5 million to upgrade the apartment interiors and other bells and whistles.
Three Denver Metro Office Buildings Sold; NexCore Group Completes Construction of St. Anthony North Medical Pavilion
By Gabriel Circiog, Associate Editor Three southeast Denver metro trophy-office buildings were recently sold, gathering a total of $120 million, reports the Denver Business Journal. The sellers in all three individual transactions were represented by John Jugl and Mary Sullivan … Continue reading →
Normandale Lake Office Park Fetches $268M in JV
Normandale Lake Office Park was acquired for $13 million more than the estimate industry experts had expected the joint venture deal to command in the sale.
Vulcan Expects Amazon Global HQ in Seattle to Sell Quickly
Vulcan Real Estate is selling Amazon’s South Lake Union headquarters, with plans to use the proceeds of the sale for ongoing development of its large land holdings in SLU.
Regency Centers Engages in Crowdsourcing to Lease Shopping Center in Baltimore
Regency Center is trying out a new trend called “crowdsourcing,” asking the public to recommend what stores and restaurants they’d like to see go into nearby shopping centers.
New $45M Teaching Center Gets Green Light
By Camelia Bulea, Associate Editor The University of Texas System Board of Regents authorized the building of a $45 million academic learning and teaching center at the UT Health Science Center San Antonio. In an official statement, Kenneth Kalkwarf, D.D.S., M.S., president ad interim of the Health Science Center, said the necessary funding would come […]
First Potomac Sells Stake in 1200 17th St., N.W., for $43.7M
By Adrian Maties, Associate Editor First Potomac Realty Trust last week announced the sale of its 95 percent stake in 1200 17th St., N.W., in downtown Washington, D.C., for $43.7 million as part of a larger analysis of its development pipeline. First Potomac acquired the property in a joint venture with Akridge from the National […]
Alternatively Built M-F Development Uses Upcycling as a Hook
A new trend of alternative building for multi-family developments is on the rise. This trend uses upcycling, or the conversion of waste products into new uses.
JLL Completes 163,734-SF Santa Ana Office Lease with Corinthian Colleges
Jones Lang LaSalle represented Corinthian Colleges in its lease renewal of office space in Griffin Towers, Santa Ana, Calif.
Beacon Capital Picks Up Boston’s 177 Huntington Ave. for $59M
Beacon Capital Partners has bought 177 Huntington Ave. in Boston’s Back Bay submarket. The 1972 tower used to house The First Church of Christ, Scientist, and the Trustees of Church administration department.