Development
Equity, Blackstone Sell New England Executive Park for $216M
The New England Executive Park, a 10-building office park in suburban Boston with more than 1 million square feet and approved for another 750,000 square feet of new development, was acquired for $216 million by Charles River Realty Investors and National Development.
$2B Deal to Transform Old London Docks into Innovation Hub
London is getting ready to redevelop London’s Royal Docks, a $2 billion project dubbed Silvertown Quays, which will be the second phase in the redevelopment of the Silvertown area.
Potential Development Site Trades Hands in Bellevue’s CBD for $31M
Bellevue’s Central Business District is running out of room for development as one of the last spots in the area that could support a large commercial building was recently snapped up in a $31 million deal. Kidder Matthews representatives Andy Miller, Jason Rosauer, Dave Speers and Rob Anderson handled the sale on behalf of long-time owners Milt Walter and his wife, Sue Walter. The couple had owned the property for three decades prior to its recent trade to NIU Enterprises.
Rosemount Selects Vacant ADC 2 Building in Shakopee for Engineering and Manufacturing Plant
After announcing its interest in the 60-acre ADC site in Shapokee last year, Rosemount Inc., a division of Emerson Process Management, has now announced that it has selected the vacant ADC 2 building as the home of its new engineering and manufacturing plant.
$160M FAA Regional HQs to Break Ground in Fort Worth
Trammell Crow Company along with its joint venture partner, USAA Real Estate Co., plans to break ground on a $160 million build-to-suit office project in Fort Worth’s Alliance Park.
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.
Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008
Sourwine Real Estate Services, a locally based three-generation real estate owner, developer and property management company, is about to complete the first speculative office building in the Indianapolis area since 2008.
Makowski Ringel Starts $24.6M Apartment Project in Traditional-Style Master-Planned Community
Shilling Farms, the 443-acre Collierville master-planned development of Boyle Investment Co. is about to become one apartment complex richer
Greater Charlotte Area Gets 50K Sq. Ft. Data Center
The North Carolina Research Campus in Kannapolis has announced signing its eighteenth business.
$40B Transoceanic Canal Project Resurfaces in Nicaragua
An initiative for the construction of a new canal between the Pacific and the Caribbean is underway after a century of hibernation.