Business Specialties
Turner Construction Commences Work on $93M Hospital Research Center in Ohio
With Turner Construction at the helm, ground has just broken on Nationwide Children’s Hospital’s (NCH) $93 million Research Building III in Columbus, Ohio. Turner is on track to complete construction of the 225,000-square-foot facility in 2012.
Welcome to the Neighborhood–USGBC Introduces New LEED Rating for Communities
The Washington, D.C.-based U.S. Green Building Council’s internationally recognized official stamp of sustainability has been awarded to millions of buildings around the world, but with the organization’s introduction of the LEED for Neighborhood Development rating system, entire communities can now achieve LEED certification.
Marcus & Millichap Makes Two Executive Appointments
Real estate investment services firm Marcus & Millichap said Thursday that it has named two employees to higher positions.
NewMark Merrill Wraps up 385,712 SF in SoCal Property Management Contracts
Retail development and property management firm NewMark Merrill Companies has expanded its portfolio by 385,712 square feet. The Woodland Hills, Calif.-based firm has inked five new property management contracts, all on shopping centers in Southern California.
JLL Squeaks past the Postive in First-Quarter Earnings
Jones Lang LaSalle has reported net income of $0.2 million for the first quarter – a marked improvement from a net loss of $61 million a year earlier.
Eyeing the Global CRE Market, Macquarie CNL Commences $1.5B First Public Offering
For the last year, a bevy of new investment vehicles have been popping up in hopes of capitalizing on what is now a buyers’ market in commercial real estate, and Macquarie CNL Global Income Trust Inc. is among the latest.
Lowe Names Newman President of Real Estate Group
Real estate investment, development and management firm Lowe Enterprises, Inc., has named Richard Newman, Jr., President of the firm’s Real Estate Group.
Design Completion Paves Way for Start of San Francisco’s $4B Transbay Transit Center
The San Francisco Transbay Joint Powers Authority’s (TJPA) development of the city’s new state-of-the-art Transbay Transit Center and Park is right on track. Now that Pelli Clarke Pelli Architects has submitted the final design report for the $4 billion downtown project, there is nothing stopping the first phase from getting underway this August.
Harry K. Moore to Join Cassidy Turley
Commercial real estate services firm Cassidy Turley said Friday that Louisville, Ky.-based Harry K. Moore will join the company on May 13. Harry K. Moore was formerly affiliated with Colliers International.
Kimco Forms JV with Canadian Pension Fund to Buy U.S. Shopping Centers
Prime neighborhood shopping centers will be the target of a new joint venture between New Hyde Park, N.Y.-based Kimco Realty Corp. and the Toronto-based Canada Pension Plan Investment Board. The partnership has kicked off with a $370 million investment that includes Kimco’s contribution of a 2 million-square foot portfolio of five properties.