News
LSU Breaks Ground On $110M Engineering Complex
Louisiana State University started work last month on the $110 million renovation of Patrick F. Taylor Hall and construction of a chemical engineering addition. Once finished, this new, expanded facility is expected to be one of the largest free-standing engineering buildings in the United States.
Purcell Tire and Service Center Opens New Location in Tucson
Purcell Tire and Service Center expands with its third location in Tucson at 1515 East Ajo Way. The company hosted a grand opening and ribbon cutting ceremony with Mayor Jonathan Rothschild and company executives Bob and Juanita Purcell on Thursday December 4.The event included prize drawings, lunch and tours of the new tire service facility.
New Mexico Approves 4 More Solar Power Generators by PNM
PNM’s plan to build additional solar-powered generating stations has been unanimously approved by the New Mexico Public Regulation Commission. PNM will add four more solar photovoltaic facilities that translate into another 40 megawatts of utility-scale solar power.
Marcus & Millichap’s Addition of Retail to its Mix–A Smart Play
According to retail analysts, Marcus & Millichap’s timing was ideal in expanding its platform to include a new sector with the introduction of IPA-Retail.
INTERNATIONAL: Madison International Acquires 50% Stake in London Office Complex
Madison International Realty has grabbed a 50 percent ownership stake in The Houndsditch Estate, in London, from TIAA Henderson Real Estate.
TGS Buys 5th Largest Industrial Park near Houston from Cedar Crossing
In one of the biggest land sales in the Houston area ever, TGS Cedar Port Partners acquired Cedar Crossing, a 10,897-acre industrial park near Houston, from Cedar Crossing L.P.
Economy Watch: Job Growth, Delinquent Mortgages
The U.S. economy created jobs in November well above the average monthly gain for the past 12 months. Fewer U.S. mortgages were delinquent in October month over month.
Comstock Starts Work on Estates of Falls Grove
More homes are coming to the Falls Grove community in northern Prince William County. Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock Holding Companies, Inc., the community’s developer, has recently announced the start of construction for a new phase at the development. Named the Estates of Falls Grove, it calls for the construction of 19 more single family detached homes.
Homewood Suites by Hilton Debuts New Hotel Near Mayo Clinic
Homewood Suites, part of the Hilton Worldwide brand recently announced the opening of the new Homewood Suites by Hilton Rochester Mayo Clinic Area/Saint Marys in Minnesota.
RCS to Pay ARCP $60M to Settle Lawsuit over Canceled Cole Capital Sale
With both sides saying they want to focus on their businesses not litigation, RCS Capital Corp. has agreed to pay American Realty Capital Properties $60 million to settle a lawsuit over the canceled $700 million Cole Capital Partners deal.