Business Specialties
Property Assessed Clean Energy Act To Be Reviewed by the City of Austin
Texas legislation has been modified on June 19 by Governor Rick Perry to allow commercial and industrial building owners to access low-cost, long-term financing in the private sector for energy-efficiency upgrades and water conservation. His signature makes the PACE program effective immediately.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
IIT Acquisitions Buys Southwest Phoenix Industrial Buildings for $44M
In a $44.3 million deal, IIT Acquisitions LLC has purchased Buckeye Logistics Center, a two-building, 684,064 square-foot industrial project in the Valley, from Principal Real Estate Investors.
Brookfield Multiplex to Develop 366 KSF Office Tower in Perth
Leading global contractor Brookfield Multiplex has been awarded the design and construction contract for Brookfield Place Tower 2 in Perth, Australia, to be developed by its client and sister company Brookfield Office Properties.
USAA Sells 5 MSF Industrial Portfolio to Duke
Duke Realty Corp. continues boosting its industrial holdings with its latest acquisition – a nearly 5 million-square-foot, Class A, eight-property portfolio sold by USAA Real Estate for $311 million.
Gov. Jindall Signs Legislation Providing $251M for 29 Education Construction Projects
Gov. Bobby Jindal was joined by supporters, advocates and leaders of community at the Alexandria Campus of the Central Louisiana Technical Community College to sign into law Louisiana Senate Bill 204 (SB 204), announced the Louisiana Community and Technical College System (LCTCS).
Cottonwood Heights Plan Heads for Showdown With County Council
The Tavaci Development is once again up for review, now with the Salt Lake County Council after the Salt Lake County Planning Commission only recently rejected the project’s request. The developer in charge of the project, Terry Diehl, is requesting that his company be allowed to turn 43 half-acre residential lots into a multifamily development that would also involve elements of commercial real estate and 100-foot high buildings.
Alan Mark: Meeting Demand in the Multi-Family Market
Alan Mark, CEO of The Mark Co., talks about apartment-to-condo conversions and meeting the needs of the two biggest multi-family groups.
Ascott to Manage 150-Unit Somerset Alabang Manila Serviced Residence
The Ascott Ltd., CapitaLand’s wholly-owned serviced residence business unit, has increased its presence in the Philippines by securing a contract to manage a serviced residence in Alabang, a major business district in metro Manila.
Gordon Ramsay Takes Another Victim
Being on television isn’t as glamorous as a lot of people think. And it doesn’t always lead to automatic success. That’s a lesson one Nashville restaurant learned the hard way.