News
Panama Canal Expansion Lifts Coastal Markets: JLL
The $5 billion development has provided a boost to the nation’s ports, where vacancy rates for industrial space are at record lows and rents are climbing, according to a new JLL report that notes the majority of new construction will be at East Coast and West Coast seaports.
Hyatt Centric Expands in Latin America
The company is set to open two hotels in Peru and Chile in 2018, which will mark the introduction of the Hyatt Centric brand in these countries.
San Jose Office Building Trades for $50M
Menlo Equities sold a 180,000-square-foot building in Milpitas, Calif., to Nazareth Enterprises. At the time of sale, the asset was fully leased to Johnson & Johnson Vision.
UMCH Relocates Residents, Offices from Decatur
The United Methodist Children’s Home signed two leases to secure a new residential services location and a new administrative office with space for the ministry’s historic flea market.
Massive 4.5GW TuNur Solar Project Could Power the EU
If the solar project receives the required authorization, it would generate sufficient electricity to power more than five million European homes or fuel more than seven million electric vehicles.
Southern Power Acquires Cactus Flats Wind Facility
The 148-megawatt wind project will consist of 43 Vestas wind turbines and is slated for completion in the third quarter of 2018.
Historic Bowles Hall Awarded LEED Silver Certification
The eight-story castle-like building underwent a $40 million renovation which, at completion, led to the property’s Innovator Award for Best Renovation of Existing University Housing in addition to the LEED certification.
HSA, USAA Buy 46 KSF MOB
Colliers represented the seller of the Class A building—anchored by North Clinic—in Plymouth, Minn. The commercial real estate services firm will also spearhead leasing efforts.
2017 Executive of the Year Awards Nominations
Commercial Property Executive is putting together the ballot for this year’s Executive of the Year awards, and we want your input!
Sacramento Republic FC Brings it Home
The MLS-hopefuls have launched the first phase of a $245 million soccer stadium at the Railyards, the largest urban infill project in the country.