Business Specialties
Regency Begins 280 KSF Shopping Center Outside Seattle
Regency Centers will break ground tomorrow on Grand Ridge Plaza in the master-planned development of Issaquah Highlands in Washington state.
Manhattan Apartment Property Fetches $280M
JD Carlisle L.L.C. and DLJ Real Estate Capital Partners L.L.C. have just pocketed $280 million on the sale of The Beatrice in New York City’s Chelsea neighborhood to Equity Residential.
NAREE Special Report: Housing Demand Grows; Will Supply Follow?
If there are two points economists during the NAREE conference agreed on, it was that housing demand is growing in the face of short supply and that the extent varies at a very local level. But the pace at which it will advance from here remains a moving target.
$120M Data Center Campus Announced for Metro Austin
Arista Data Centers plans to build a 500,000-square-foot, $210 million data center campus in Pflugerville, Texas, in the northeastern Austin metro area.
Economy Watch: Spain Set to Ask for Bailout; L-T Unemployment Down; Stimulus Debated
Spain might request as much as 100 billion euros ($125 billion) in financial assistance. U.S. long-term unemployment saw a drop, while Lacker dissented on the Twist.
Former NOCCA Building to Become Luxury Condo Property
By Eliza Theiss, Associate Editor Plans to convert the former New Orleans Center for Creative Arts (NOCCA) building into a luxury multifamily project has been unanimously approved by the New Orleans City Council, reported The Time-Picayune. Developer Jim MacPhaille purchased the former school in April 2011 from the Orleans Parish School Board for $2.5 million, […]
Soitec Solar to Invest $150 Million in New Manufacturing Facility
By Gabriel Circiog, Associate Editor French firm Soitec Solar has received a SUNPATH award in the amount of $25 million from the U.S. Department of Energy to support its new solar manufacturing facility in San Diego. The French company acquired a 176,000-square-foot manufacturing center in December to support over 300 megawatts of advanced projects throughout […]
Developers Detail L.A.’s $250M Playa Vista Town Center
Developers of Runway, a mixed-use project in Playa Vista, Calif., continue to prepare for takeoff with the debut of architectural firm Johnson Fain’s design for the $250 million endeavor.
California Landmark Group Invests $75M in M-F
Los Angeles-based California Landmark Group will invest $75 million in urban infill multi-family developments in Southern California over the next 12 months.
American Realty Capital Closes Purchase of 21 Net-Leased Properties
American Realty Capital Properties Inc. has added 21 single-tenant properties to its rapidly growing portfolio of net-leased assets. The $26.2 million price landed an aggregate 300,000 square feet of office and retail space across 10 states.