Business Specialties
New Location for $36M Carolina HealthCare Behavioral Hospital
By Eliza Theiss, Associate Editor Carolinas HealthCare System (CHS) has found a new site in Davidson for a planned behavioral hospital, this after previous development plans for another location fell through in March. The planned mental health care facility is a 66-bed, single-story, 76,280-square-foot complex with private rooms and large activity areas that open to […]
Gerrity Group Purchases Old Grove Marketplace in Oceanside
By Gabriel Circiog, Associate Editor Gerrity Group has acquired the Old Grove Marketplace in Oceanside from Sea Breeze Properties LLC for $19.55 million, RenTV.com reports. The 81,300-square-foot Oceanside retail center is anchored by Ralphs, Starbucks, US Bank and Lowes Home Improvement (NAP). Originally developed by Sea Breeze Properties LLC in 2005, Old Grove Marketplace presented […]
Building 661 at Navy Yard to Become EEB Hub Headquarters
By Veronica Grecu, Associate Editor The long-vacant Building 661 at the Philadelphia Navy Yard will become the new headquarters of the U.S. Department of Energy Innovation Hub for Energy-Efficient Buildings (EEB Hub), a federally funded organization launched in January 2011 by Pennsylvania State University and formerly known as the Greater Philadelphia Innovation Cluster for Energy-Efficient […]
Nalco Announces $18.7M Expansion in St. John
By Eliza Theiss, Associate Editor Nalco Inc., a company specializing in water, hygiene and energy technologies and services, has announced an $18.7 million expansion at its Garyville facility in St. John the Baptist Parish. According to a company press release, the company will add a 300,000-square-foot dry polymer production facility to its existing complex. It […]
KBR to Construct Luxury Aurora High-Rise in North Bethesda
By Adrian Maties, Associate Editor LCOR, a leading real estate development company, has awarded a contract last week to the KBR Building Group to provide construction services for an 18-story luxury high-rise residential project in North Bethesda, Md. Named the Aurora, it will be the second of four high-rise residential buildings LCOR plans to construct […]
Retail Dynasty: Family-Run CBL Thrives Under Stephen Lebovitz
As a real estate expert and Harvard Business School management professor, Arthur Segel is in demand around the world as a guest lecturer. But since he took over the reins of CBL & Associates three years ago, he’s also shepherded the company through the aftermath of a difficult recession.
Cordish, Giants Detail $1.6B Waterfront Plan Near AT&T Park
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor A 27-acre parcel near AT&T Park is the proposed site of a sports-anchored $1.6 billion waterfront plan that would be among the nation’s largest urban mixed-use developments. The Cordish Cos. is teaming up with the San Francisco Giants on the 3.5 millon-square-foot office, retail and residential complex. Dubbed […]
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 […]