Development
NAREE Special Report: Multi-Family’s New Trajectory
With vacancy rates significantly improved over the past couple of years, landlords can work to make that rent recovery happen. The national average vacancy rate in the first quarter was 5.1 percent, noted Mark Obrinsky, chief economist for the National Multi Housing Council.
424,000-SF Lease in Place for Suburban Boston BTS
Green Mountain Coffee Roasters Inc. has signed a 424,000-square-foot lease with Gutierrez Co., effectively paving the way for development of its build-to-suit office and R&D facility at the Burlington Research Center in the suburban Boston town of Burlington.
Opus to Build New Office Building for Xcel Energy at Nicollet Mall
By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. […]
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.
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.
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.
Michigan, Canada Officials Announce New Detroit-Windsor Bridge
By Veronica Grecu, Associate Editor On June 15 Michigan Gov. Rick Snyder and Canadian Prime Minister Stephen Harper announced plans for a new bridge linking Detroit and Windsor, Ontario. First proposed nearly ten years ago, work on the new six-lane bridge could start in 2013 or 2014 and it would take at least four years […]