News
Waste Pro Signs Lease to Expand Lakewood Headquarters
Waste Pro USA Inc. has recently signed a lease agreement for close to 15,000 square feet of Class A office space at The Springs office building, where the company has resided in the past fifteen years.
Austin Creek Community near Southern Poly Sold, Converts to Student Housing
A newly formed joint venture has recently announced the acquisition of the 120-unit Austin Creek community at Southern Polytechnic State University’s campus. The partnership incorporates Chicago-based opportunistic, privately held real estate investment firm T2 Capital Management and Atlanta real estate service firm Campus Realty Advisors.
INTERNATIONAL: Grand Canal Land to Develop Tallest Skyscraper in Southeast Asia
Grand Canal Land is developing a 125-story “Super Tower” as part of Bankgok’s new central business district.
Swire Signs 108-KSF Lease with Akerman LLP at Brickell City Centre Green
Akerman LLP will soon move its headquarters to Brickell City Centre Green. The largest law firm in the Sunshine State will occupy 108,000 square feet, 80 percent of the Class A office space in Swire Properties’ tower.
CBRE Arranges $158M Financing for Koll on Office Industrial Park in Irvine
The Koll Co. has refinanced Airport Business Center, a 1.2 million-square-foot office/flex industrial park in Irvine, Calif., to the tune of $158 million.
Cousins Begins Construction of Office Development in Austin
Cousins Properties is starting construction on Research Park V, a 173,000-square-foot Class A office development in Austin, which is the last of a planned five-building complex the firm has developed.
Starwood Closes Acquisition of 7 Malls from Taubman for $1.4B
Affiliates of Starwood Capital Group have acquired seven regional shopping malls totaling more than 7 million square feet of retail from Taubman Centers.
Economy Watch: Housing Starts, Consumer Sentiment, Banks
Privately owned housing starts in September were 6.3 percent above the August figure. Consumer sentiment was up 1.8 points for mid-October. The rate of U.S. bank failures has slowed to a trickle in 2014.
National City Tower Acquired by Canadian Investor in $43 Million Deal
National City Tower, a historic adaptive reuse project in downtown Los Angeles, recently traded hands in a deal worth $43.26 million. Canada-based RC Acquisitions LLC acquired the property from seller National City Towers LLC, in a deal arranged on behalf of both parties by Janet Neman and Bryan Glenn of full-service regional real estate firm Charles Dunn Company.
Bozzuto, H&S Properties Development Announce Plans For $100M Apartment Tower In Baltimore’s Harbor East
Two developers plan to bring almost 300 new apartment units to Baltimore’s Harbor East. The Bozzuto Group and H&S Properties Development Corp. have now joined forces and are looking to add another high-rise to the city’s skyline.