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Albuquerque: On the Mend
Despite being the hub of New Mexico’s technology corridor, the metro has only experienced modest population and employment growth throughout the recent economic expansion, Yardi Matrix data shows.
Office of the Future
Don’t wait to design a better performing workplace. With the cubicle farm a thing of the past, all the resources you need are available here and now.
Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Dealertrack Opens $100M Long Island HQ
The software firm has committed to a long-term lease at the property, bringing more than 350 high-tech jobs to North Hills, N.Y.
Thorpe Predicts Continued Expansion
We are well into the economic cycle, but that’s no reason to be scared, according to Kevin Thorpe, chief economist for Cushman & Wakefield Inc. There may be more growth to come.
Skanska Tops Out Innovative DC Office Development
The $126 million project at 2112 Pennsylvania Ave., just five blocks from the White House, goes beyond the standard LEED Gold requirements to create a healthy work environment.
CT Realty to Develop $300M Industrial Park in Atlanta
Acting through its affiliate, Port Logistics Realty, the company is paving the way for the construction of a 3.5 million-square-foot project in Fulton County.