News
Franklin Street Buys Office Tower in Atlanta
Franklin Street Properties has boosted its Atlanta holdings with a new purchase.
Dermody Breaks Ground on 2 Northeast Industrial Facilities
Dermody Properties is fulfilling an e-commerce need in the Northeast.
Pair of Multibillion-Dollar Projects Gets Formal Launch
By Adrian Maties, Associate Editor Maryland Day was marked this March 25 by milestones for two projects with a potentially significant impact on the state’s economy. In Lusby, a groundbreaking ceremony formally launched the $3.8 billion expansion of the Cove Point liquefied natural gas facility, one of the largest investments in the state’s history. Gov. Larry Hogan and Ambassador Kenichiro Sasae of Japan joined Diane Leopold, president of Dominion Energy. The project will create 3,000 temporary construction jobs. Once complete, it will generate an additional $40 million in annual tax revenue to Calvert County, and, according to Hogan, could…
Wampold Starts Work On New Hotel in Downtown Baton Rouge
Baton Rouge is getting a new hotel. According to The Greater Baton Rouge Business Report, local real estate developer Mike Wampold has finally broken ground on the redevelopment of the 12-story the old Louisiana National Bank Building at 150 N. Third St., in the city’s downtown. He plans to turn the 88-year-old building into a 146-room hotel.
New Retail Center Coming Soon to Southeast Tucson
Retail options at the Rita Ranch master planned community in Tucson’s southeastern precinct will broaden in the near future as site work has recently begun on a new shopping and restaurant hub. The shopping complex is being built on a 17-acre parcel at the northwest corner of Houghton and Old Vail Roads, across from Houghton Towne Center and approximately 1.5 miles from Interstate 10.
Albuquerque Homebuyers Will Benefit from Wells Fargo’s HomeLIFT Program
Wells Fargo HomeLIFT program is a $4.75 million initiative to increase homeownership under the partnership of Wells Fargo & Company, NeighborWorks America and its affiliate Homestart. Albuquerque is the 33rd market in the country to benefit from it, starting with a free homebuyer event on May 1-2 at the city’s Convention Center.
Griffin Capital Invests in Houston’s Energy Corridor
Griffin Capital has every confidence in the long-term prospects of the Houston economy and real estate market.
Heritage Equity to Build First Brooklyn Spec Office Building in 40 Years
It hasn’t happened in four decades in Brooklyn, N.Y., but it will now.
Tishman Speyer Attracts Chinese Money
Two Chinese insurance companies have chosen a Tishman Speyer project for their first equity investment in the U.S. real estate market.
Avison Young Nabs Largest Lease Assignment in Florida in Years
Avison Young has been awarded what reportedly is the largest office leasing assignment in Florida in recent years.
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