Business Specialties
Construction of $1B Green Palomar Medical Center Completed
By Gabriel Circiog, Associate Editor The new 740,000-square-foot Palomar Medical Center has passed state inspection and is scheduled to open Aug. 19. Located on a 56-acre site in the Escondido Research and Technology Center close to State Route 78 and Interstate 15, the hospital building was designed by Los Angeles-based CO Architects. The design of […]
Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office
By Georgiana Mihaila, Associate Editor Lincoln Property Company Southeast, working on behalf of Equity Office, has brokered 215,000 square feet of leases in the North Fulton area during the first quarter of 2012. Equity Office had awarded Lincoln Property Company Southeast the contract to manage 3.3 million square feet and lease 1.9 million square feet […]
Office Buildings Go for $22.3M; Foreclosed Apartment Complexes Sold
By Eliza Theiss, Associate Editor Four buildings in the Lenox Office Park have been bought by an affiliate of HighBrook Investment Management, with the deal closing on April 27. The New York based entity, working under the name Lenox Park C-F Owner LLC, paid $22.3 million for buildings C, D, E and F. The Shelby […]
Trammell Crow, One Liberty Plan Two Class A Office Towers for Plano Business Park
Trammell Crow Co. and a subsidiary of One Liberty Properties Inc. are about to add more than a half-million square feet of premier space to the suburban Dallas office market.
Exclusive: JLL Launches Real-Time PortfolioCommand Offering
Jones Lang LaSalle Inc. now has a new weapon in its arsenal: its new PortfolioCommand offering, to be launched today.
FTC Approves CoStar’s Acquisition of LoopNet—with Conditions
Last week’s announcement that the Federal Trade Commission had approved CoStar Group’s acquisition of LoopNet Inc. brings to fruition—almost a year to the day later—a much-noted transaction that also contains the seeds of further change not far down the road.
Economy Watch: Public Spending Dents GDP; Apartment Market Improves; Consumer Sentiment Gains
Overall growth for the U.S. economy was middling during the first quarter, with expansion coming in at a 2.2 percent annualized rate, while the National Multi Housing Council reported last week in its Quarterly Survey of Apartment Market Conditions that things are still improving for the apartment industry. U.S. consumer sentiment was up a bit in April, to the highest level in a year.
Irving Entertainment Center Project Gets New Web Site
By Camelia Bulea, Associate Editor A new Web site has been launched for Irving residents. The goal is to provide updates on the planned Irving Entertainment Center (IEC) project, including copies of informational ads placed in the Irving Rambler, as well as other information of interest. According to Citybizlist.com, the IEC project will include a […]
Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory
By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified and CAP-accredited clinical laboratory. Plans […]
Homewood Suites by Hilton to Open in University City
By Veronica Grecu, Associate Editor Hilton Hotels & Resorts is consolidating its presence in the city of Philadelphia with Homewood Suites, an 11-story extended stay facility that’s nearing completion. Development company Campus Apartments LLC broke ground on the $50 million hotel in December 2010, reports The Daily Pennsylvanian, and an opening ceremony for the public […]