News
Springfield Town Center Finally Open for Business
After two years of renovations, the former Springfield Mall is again ready to receive shoppers. The large retail property re-opened on October 17, with a new design and a new name: Springfield Town Center.
Argos Therapeutics Celebrates Groundbreaking of $57M Manufacturing Facility in Durham
Durham’s biopharmaceutical company Argos Therapeutics, Inc. held a groundbreaking ceremony for its new 100,000-square-foot drug manufacturing plant in Durham.
Planning Commission Approves Rezoning for 33-Acre Baton Rouge Water Campus
Baton Rouge’s Water Campus project has taken another step forward. On Monday, October 20, the East Baton Rouge Parish Planning Commission approved the first component of the 33-acre development along the city’s riverfront.
Ell Real Estate Team Launches Luxury Arm, Ell Exclusive Real Estate Group
Keller Williams Southern Arizona’s Ell Real Estate Team has recently established its luxury residential real estate service branch in Tucson, Ell Exclusive Real Estate Group.
Imus Ranch Listed for Sale at $32M
In northern New Mexico there’s a Ranch for Kids With Cancer that’s been listed for sale by its owner, the renowned cranky WABC radio and Fox Business News morning personality, Don Imus. The main reason behind the transaction is Imus’ belief that his family could support more charitable foundations with funds generated by the sale.
Stable Development Adds Summerlin MOB to its Stable
Stable Development recently announced the acquisition of a Class A office building in Las Vegas Valley. The company purchased the Longford Medical building, and it has already completed a large amount of leases for the property, with roughly half of the available space occupied. The new owner is set to line up a number of improvements to the exterior and interior. Change will also come to the property’s name, as Stable Development is renaming the property as The Parkway, in relation to its location, facing the Summerlin Parkway.
ULI Special Report: Global Capital Flows
Foreign capital continues to flow into real estate around the world, some top global investors affirmed during the general session “Capital Markets: A Global Perspective” at the Urban Land Institute’s Fall Meeting yesterday.
INTERNATIONAL: Hyatt, PRISA JV Breaks Ground on Hyatt Place San Juan
A joint venture between Hyatt, PRISA Group and McConnell Valdes Consulting has broken ground on the 149-room Hyatt Place San Juan hotel in Puerto Rico.
Ridgeline, Hillwood JV to Develop 1.1 MSF Braselton Commerce Center in Atlanta Submarket
There’s a genuine dearth of modern big-box industrial product in metropolitan Atlanta, and Ridgeline Property Group and Hillwood Investment Properties are primed to help fill the void.
Walker & Dunlop Originates $108M Fannie Mae Loan for Housing Community in Lakeland, Fla.
Blair Group, one of Florida’s largest developers of affordable adult active lifestyle communities, has taken advantage of low mortgage rates and refinanced its Cypress Lakes manufactured housing complex with a $108 million Fannie Mae loan originated by Walker & Dunlop.