News
Paragon Closes Largest LA County Retail Deal of 2017
Constructed in the early 1980s, the San Fernando Valley shopping center anchored by Target and Kohl’s traded for roughly $233 per square foot.
RI Industrial Asset Changes Hands
Legacy Real Estate Ventures, in a joint venture with ProPartners in Parking, acquired 300 Niantic Ave. in Providence. The $4.2 million transaction was negotiated by CBRE/New England.
Jacksonville’s Rapid Growth
A healthy employment climate, an inexpensive cost of living and mild weather are attracting jobs and new residents, creating demand for apartments and bolstering rent growth, according to Yardi Matrix.
Boston Mountain Clinic Opens in AR
This is the second medical facility in Holiday Island, Ark., and is part of a complex developed by Holiday Island Holdings Inc. that includes 128,000 square feet of retail, professional, medical, office and storage space.
Skanska Breaks Ground on $343M NJ Hospital
The 204-bed facility designed by Array Architects is slated for completion by December 2019. This will be the company’s largest Integrated Project Delivery development to date in North America.
Transwestern to Buy State Farm Project in Atlanta
Park Center I features 602,000 square feet and is the first phase of a three-tower development project which, upon completion, will also incorporate a 22- and an 18-story building.
Syrian Hospital Goes Solar, More to Follow
UOSSM and its partners have developed and deployed a 480-panel solar system, an energy storage system and advanced data control system for a conflict-hit Syrian hospital.
TEP to Buy Solar Power for Historically Low Price
The Arizona utility signed a 20-year agreement to purchase electricity from a 100-megawatt solar facility at a new record low price. The solar project is slated for completion by the end of 2019.
Watt Plaza Recertified to LEED Platinum Level
The office asset exceeded its previous Platinum LEED certification by five points. In addition, the property consistently achieved high Energy Star rating every year since 2004, reaching 98 out of 100 this year.
Lincoln Brings Tenants to Atlanta-Area Campus
Jeff Henson and George Gwaltney worked on behalf of the owner, OA Development, in the lease negotiations. The new tenants will occupy a total of 8,455 square feet at Northwoods Business Center.