Business Specialties
Real Estate Recovery: How to Improve the Bottom Line with Michael Anderson
Michael Anderson, manager of the Research & Knowledge Center for CoreNet Global, weighed in just before the Global Summit in Phoenix, on possibilities for a double dip recession, how companies can improve their bottom line and related topics.
USAA Buys 1.4 MSF Memphis Industrial Portfolio, Continuing Shopping Spree
USAA Real Estate Co. has been bulking up its portfolio all summer, and it appears the activity is going to continue right into the fall. US Industrial REIT III, owned by affiliates of USAA and a group of institutional investors, just acquired a 1.4 million-square-foot industrial portfolio at Chickasaw Distribution Center in Memphis.
Economy Watch: Real Estate Unimpressed with Recession’s End
The nation and the real estate industry seemed unimpressed on Monday by the news that the period lately known as the Great Recession was deemed to have ended in June. June 2009, that is–small wonder no one noticed back then.
Boston Properties Wins 500,000-SF GSA Lease in Virginia
By Barbra Murray, Contributing Editor In the latest government lease to bolster the Northern Virginia office market, the General Services Administration has taken more than 500,000 square feet for the Defense Intelligence Agency (DIA) at a Patriots Park in Reston, Va. Under a 20-year deal with Boston Properties, the park’s owner, DIA will occupy about 520,000 square feet at Patriots Park, which is located about 20 miles west of Washington, D.C. “This will be a consolidation of DIA groups from various locations throughout Northern Virginia,” Leroy W. Battle, transaction manager with commercial real estate services firm CB Richard Ellis…
Dassault Systèmes’ 320,000 SF Lease is Boston’s Biggest of 2010
The company has just signed a long-term deal to occupy 320,000 square feet of Class A office, lab and data center in Waltham, Mass.
Ark Partners Launches 250-Key Luxury Hotel in Midtown Manhattan
Ark’s 57th Street hotel will debut in 2013, which may well be a good time to open a new property in New York City.
Crocker Leases 34,000 SF at Boca’s Mizner Park
Leasing activity is brisk at the Mizner Park Office Tower and Plaza Real Offices in downtown Boca Raton.
Turner Tapped to Build New $153M Mixed-Use Public Library in San Diego
The City of San Diego has made its choice.
Hyundai Sticks with its California Stomping Ground for New $150M North American HQ
After shopping around for other locales to accommodate a bigger and better facility, the company has announced that it will stay put.
COPT Grabs Data Center in Coveted Northern Virginia Market for $115M
The REIT will further enhance the brand new facility, located 30 miles west of Washington, D.C., in Northern Virginia’s thriving data center market, by shelling out an additional $166 million to wrap up remaining development activities.