News
DHL, Graphic Packaging to Invest $274M in Louisiana Plants
In addition to the $120 million investment to the West Monroe mill, Graphic Packaging will also pump $70 million into the new folding carton plant equipment for the converting facility in Monroe, La. DHL will develop the plant and invest more than $84 million.
Pattern Energy Acquires 324MW Broadview Wind Facilities
The California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.
Crescent Hotels & Resorts to Run Courtyard by Marriott ABQ
The 150-guestroom hotel is located in the heart of the Journal Center Business Park, close to numerous golf courses, wildlife parks and museums.
Henkel, Dentsu Aegis Ink Lease at Upcoming LA Office Project
Carl Muhlstein and Hayley Blockley of JLL and IDS Real Estate Group’s Dave Saeta and Rob Fuelling arranged the leases at C3 at Culver Pointe.
Hyatt Place Portland Completes Renovations
The 130-key hotel completes the $1 million renovation plan that included improvements to the guest rooms and public spaces, as well as the addition of an exterior soundproofing solution incorporating recording-studio-quality glass.
Prescient Taps New CEO
Magued Eldaief will replace Satyen Patel. Eldaief previously served General Electric for nearly three decades in positions of increasing responsibility.
CBRE to Market Fort Lauderdale-Area Facility
The stand-alone building, which includes both office and warehouse space, has been listed with an asking price of $7.9 million or $13 per square foot triple net lease.
DC Hotel Joins Hilton’s Curio Collection
Seven other properties around the globe, including the H Hotel Los Angeles, The Marquette in Minneapolis and The Statler Dallas, will be joining the collection soon.
Economy Watch: Construction Employment, Costs Pushing Upward
The March construction unemployment rate was the lowest on record, matching the 8.4 percent rate in March 2001, according to Markstein Advisors Chief Economist Bernard Markstein, who conducted the analysis for Associated Builders and Contractors.
Robbins Electra Lands Eighth Charlotte Property
The Tampa-based owner-operator purchased Pavilion Crossings, a 408-unit community that will be rebranded as Grand Reserve at Pavilion. The property will undergo a $3.6 million renovation process.