Business Specialties
Voit Named Asset Manager on $150M Distressed Sacramento Portfolio
In these still-stinging-from-recession days, distressed assets continue to provide a major buzzword in commercial real estate. As part of this trend, Voit Real Estate Services has been named asset manager on a $150 million, 12-asset portfolio in the greater Sacramento area.
Is the Time Right to Invest in Retail? Some Say No
While demand seems to exceed supply for investment sales transactions, not everyone thinks this is the time to acquire retail real estate.
Perkins+Will Tapped as Master Planner for Walter Reed Campus
Global interdisciplinary design firm Perkins+Will has been selected as the master planner for the 62-acre Walter Reed Army Medical Center Campus.
With Receiver at the Helm, Construction Resumes on $180M D.C. Office Project
Less than a year after Rockville, Md.-based developer Opus East L.L.C’s bankruptcy filing put the brakes on construction of the 400,000-square-foot office building at 1015 Half Street in Washington, D.C., San Diego-headquartered court-appointed receiver Douglas Wilson Companies (DWC) has gotten the approximately $180 million project million project back on track.
Canon Kicks Off $636M Development of HQ on Long Island
After three years of planning, Canon U.S.A. Inc. has just broken ground on its new 1.2-billion-square-foot headquarters in Melville, N.Y.
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.