Development
Invesco, Penzance JV on 280 KSF Mixed-Use D.C. Project
Invesco Real Estate and Penzance have made it official. The two companies just announced the establishment of their joint venture for the development of 3001-3003 Washington Blvd., a 280,000-square-foot mixed-use project in Arlington, Va., just outside of Washington, D.C.
Enterprise, Bellwether Merge Operations
Giving both parties the ability to expand their geographic reach and product offerings, Enterprise Community Investment and Bellwether Real Estate Capital have merged into a new firm, Bellwether Enterprise Real Estate Capital, that could produce $1.5 billion in mortgages this year.
Stiles Begins Construction on Ft. Lauderdale Mixed-Use Development
A new mixed-use development is sprouting up in Plantation, Fla., at the hands of Stiles. In a two-part endeavor, the developer will erect a new luxury apartment complex and redevelop a neighboring commercial retail segment in the city’s Midtown District within the greater Ft. Lauderdale area.
Pru Delays $444M Newark Tower
The near-term fate of Prudential Financial’s proposed $444 million, 650,000-square-foot office-tower development in downtown Newark rests with the New Jersey Economic Development Authority and the Appellate Division of New Jersey’s Superior Court.
Shakopee City Council Approves Economic Development Incentives
By Gabriel Circiog, Associate Editor Shakopee City is set to welcome two new companies that will bring hundreds of jobs to town after the city council approved economic development incentives for SanMar Corp. and Trystar Inc., the Minneapolis / St. Paul Business Journal reports. SanMar Corp., an imprintable-clothing supplier, will invest $35 million to build […]
New Orleans Opens Libraries Worth $34M
By Eliza Theiss, Associate Editor Five state-of-the-art public libraries worth a combined $34 million are scheduled to open in The Crescent City. This will raise the number of restored Katrina-marred libraries to a total of 10. The facilities are a mix of restored buildings and brand-new facilities featuring green elements, Wi-fi hotspots, cafés, computer labs […]
AREA Joins with Harbor Properties, Urban Partners on Seattle Multi-Family Initiative
AREA Property Partners has joined forces with Harbor Urban L.L.C., the merged entity of Harbor Properties and Urban Partners, to develop apartment communities in the Seattle metropolitan area.
Brookfield, Hillwood JV on $1B Acquisition Vehicle
With the U.S. industrial market improving, Brookfield Asset Management and Hillwood announced a joint venture that is expected to invest as much as $1 billion in industrial properties over the next three years.
A Look Back at MIPIM 2012
After a long week of seminars, presenatations and, of course, plenty of networking, the 2012 MIPIM conference in Cannes, France, drew to a close. While an atmosphere of cautious optimism pervaded, regions and countries are thinking big again.
New Life for EIFS Retrofits
While many new-wave technologies are emerging that have potential to help commercial property executives reduce building energy consumption in coming years, some older mechanisms are seeing a revival. One such alternative is exterior insulation and finish systems, or EIFS. By Brad Berton.