Development
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
Lowe Wraps Up $188.5M First Phase of San Diego County Office Project Under Budget
The new operations center is sprouting up at the site of the original center, which, as the county determined after doing a little research in 2005, would cost in excess of $216 million to maintain over a 20-year period.
ULI Report: America’s Changing Demographics
The results of this year’s U.S. Census survey are not yet out, but big changes are already apparent—and they promise to impact real estate strategies, according to findings Brookings Institution senior fellows William Frey and Anthony Downs discussed during the Urban Land Institute’s Fall Meeting.
Newsum at ULI: In Real Estate, Relationships Matter
Urban Land Institute chairman Jeremy Newsum urges owners to accept their involvement in the nation’s economic downturn and better move forward by recognizing the need to operate properties as part of their larger neighborhoods.
Ground Breaks on $220M Rehab Facility at Boston’s Charlestown Naval Yard
Integrated health care system Partners HealthCare is behind the development, which will yield a 240,000-square-foot building to replace the existing 40-year-old rehab center on Nashua Street.
Ventas Subsidiary to Start Construction on 250,000-SF MOB in Baton Rouge
The entire campus, including the medical office building, will be owned by Woman’s Hospital.
Actus Moves Forward with $600M Second Phase of Army Lodging Privatization Program
Phase two of the behemoth undertaking encompasses an aggregate 5,000 rooms at 11 installations.
Los Angeles School District Taps Turner for $236M Multi-Campus Project
Together, the three projects Turner is managing will produce classroom space for Los Angeles County students from kindergarten through 12th grade.
Archstone’s Neely Dies at 64
As chief development officer, Neely oversaw the firm’s national development team, which currently has a multi-billion dollar pipeline.
Ark Partners Launches 250-Key Luxury Hotel in Midtown Manhattan
Ark’s 57th Street hotel will debut in 2013, which may well be a good time to open a new property in New York City.