News
Economy Watch: Another Strong Jobs Report to Round Out ’14
The U.S. economy gained 252,000 jobs in December. Nearly 273,000 U.S. residential mortgages returned to positive equity in the third quarter of 2014,
Intersect ENT Expands Footprint to 55 KSF at Menlo Park HQ
Intersect ENT has recently completed the leasing agreement for an expansion at its 1555 Adams Drive home in Menlo Park, CA. The company that deals with improving quality of life for patients with ear, nose and throat conditions inked the deal with landlord Tarlton Properties, Inc. The expansion means that Intersect ENT now leases the entire space available at 1555 Adams Drive.
Henderson Says No to Land Sale; Planned Resort Remains in Limbo
City officials in Henderson passed up on the opportunity to sell federal land to a developer willing to develop a hospitality project in the Las Vegas Valley. Reports indicate that a development team consisting of Kapelfre LLC and CKB Management Affiliates LLC, the latter being an entity controlled by known developer Raymond Shapiro, asked that a 9-acre piece of land be put up for auction during the fall of 2015. Local authorities have denied the sale of the property, with future selling prospects for the land currently being unclear.
Clarion, MHP Take to Manhattan’s Financial District
Clarion Partners and joint venture partner MHP Real Estate Services have become the proud new owners of the 1.2 million-square-foot Manhattan office tower at 180 Maiden Lane.
INTERNATIONAL: CGD, Four Seasons to Develop in Bangkok
In an ongoing initiative to improve one of the country’s most important urban waterways, Country Group Development and Four Seasons Hotels and Resorts have partnered to develop a hotel and residential project on the Chao Phraya River in the capital city of Thailand.
Industrial Property Trust Makes Its Mark in Atlanta’s Largest Industrial Submarket
Industrial Property Trust Inc. continues making strides in Atlanta’s sizable industrial market with the acquisition of four multi-tenant warehouses.
Canada Pension Plan Investment Board Makes First Investment in San Francisco
Canada Pension Plan Investment Board is making its first direct investment into San Francisco’s hot office market with the purchase of a 45 percent stake in 1455 Market St.
Market Snapshot: Energy’s Positive Influence on Oklahoma
As 2015 begins, Oklahoma’s economy remains stronger than the rest of the nation, driven mainly by the state’s oil, gas and energy industries.
TRI Pointe to Build 115 Luxury Homes in Ryland’s Master-Planned Community
TRI Pointe Homes Colorado, a division of California-based TRI Pointe Group – one of the top ten largest public homebuilders in the U.S. – recently announced the acquisition of 115 lots in the Denver metro area.
Stiles and Prudential Real Estate Advisors Drop $108M on Ft. Lauderdale Office Tower
By Eliza Theiss, Associate Editor New River Center, a 281,713-square-foot Class A trophy office tower in downtown Fort Lauderdale, was sold for $108 million or $383 per square foot. The institutional-quality asset was picked up by a joint venture formed by Prudential Real Estate Investors (PREI) and Stiles Property Fund (SPF). SPF was launched in […]