News
Eastern Consolidated Welcomes Prospect Capital
The Capital Advisory Division of Eastern Consolidated will be expanding.
Two New Hotels Open in Greater Washington, D.C., in April
Two new hotels have opened their doors to the public in April, in the Washington, D.C. metropolitan area. Together, the Hyatt Regency Tysons Corner Center and the AC Hotel Washington, DC at National Harbor bring almost 500 new rooms to the region.
Select Income REIT Acquires Farmers Insurance Building
The Farmers Insurance Building located at 16001 N. 28th Ave. in the Arizona Business Park was recently sold for $16.85 million to Select Income REIT. The Newton, Mass.-based REIT acquired the 106,397-square-foot office building from an entity belonging to Sabal Financial Group.
InvenTrust Properties Pays $57M for Open-Air Shopping Center in Colorado
InvenTrust Properties Corp., formerly Inland American Real Estate Trust Inc. has acquired The Shops at Walnut Creek, an open-air shopping center in Westminster, Co.
East Span’s Design Wins Fresh Acclaim
The San Francisco – Oakland Bay Bridge East Span was recently given the 2015 Grand Conceptor Award at this year’s Engineering Excellence Awards. The award was announced during the Engineering Excellence Awards Dinner and Gala held in Washington, D.C., an event sponsored by the American Council of Engineering Companies. Attended by around 600 people, the black-tie event was hosted by comedian Rex Havens and acknowledged the accomplishments of around 170 engineering projects across the world.
Developers Celebrate Groundbreaking of 164-Key Marriott Hotel at University’s Campus in Raleigh
Construction on Raleigh’s new StateView Hotel at N.C. State University’s Centennial Campus is under way.
Shintech To Invest $1.4B In Baton Rouge-Area Expansion
Shintech Inc., the North American subsidiary of Japan-based Shin-Etsu Chemical Co. Ltd., one of the largest PVC producers in the world, is getting ready to start on its third major expansion in Louisiana since 2008. According to Gov. Bobby Jindal, the company will invest $1.4 billion to supply its Iberville Parish facilities with new ethylene production capacity.
Tucson Electric Power Seeking Contractor for Energy Storage Facility
Tucson Electric Power issued a request for proposals in which it seeks a developer to design and construct a utility-scale energy storage system. The RFP was issued on Friday, April 24 and stipulates that the 10 megawatt facility should be operational by the end of 2016. The future project partner would build and own the asset under a 10-year agreement – TEP provides the site for the project.
College of Osteopathic Medicine at NMSU Breaks Ground in Las Cruces
Las Cruces recently hosted an event that brought together Governor Susana Martinez, three mayors, the executive chairman, and the presidents of the American Osteopathic Association and New Mexico State University. The attendees celebrated the groundbreaking of the new osteopathic college at NMSU, calling it “pouring the foundation for the future”.
Kennedy Wilson Adds Brokerage Expertise
Kennedy Wilson has announced the hiring of Las Vegas market expert and 30-year industry veteran, Greg St. Martin. The global real estate investment and services firm has added St. Martin on the position of vice president, in order to strengthen the company’s position in the Las Vegas market. St. Martin boasts 14 years of experience in the local market, providing important insight to the intriguing local real estate market.