News
Economy Watch: Holiday Spending, Home Price Appreciation
The International Council of Shopping Centers forecasts that holiday retail sales will improve 4 percent this year compared with 2013. And FNC’s Residential Price Index increased 0.8 percent month over month.
Woolpert Picked to Design $200M Auto Glass Plant in Moraine
Fuyao Glass Industry Group Co. Ltd’s $200 million project in Moraine has taken another step forward. An affiliate of the Chinese company, Fuyao Glass America Inc., has recently hired Dayton-based Woolpert to provide architectural, engineering, construction support and design consulting services for the project.
Catellus Wins Nod to Develop ASU’s Athletic Facilities District
Arizona State University has enlisted Catellus Development Corporation as master developer for its ASU Athletic Facilities District, a mixed-use, 330-acre development. The district, which is envisioned to be a model for urban neighborhood design and sustainability, will be located at the northeast end of ASU’s Tempe campus, which neighbors the university, downtown Tempe and major collegiate and amateur sports venues.
Consumers Direct Insurance Services Opens Office at Union Plaza in OK City
Consumers Direct Insurance Services, Inc., an independent and authorized Senior General Agent for Blue Cross and Blue Shield of Oklahoma, recently opened a new office in Oklahoma City.
Office Properties throughout the Los Angeles Market Trade Hands
Over the past couple of weeks, the Los Angeles area office market has seen a large number of transactions, with properties totaling nearly 300,000 square feet of space in the Pasadena, Conejo Valley and Burbank submarkets trading hands.
Huntington Oaks Delaware Partners Secures $71 Million in Financing for Shopping Center in Monrovia
Huntington Oaks Delaware Partners was recently awarded with a total of $71 million in financing from lender Bank of America. The financing deal was announced by LUCESCU REALTY, an investment real estate services firm that handled the process on behalf of the borrower. According to the official announcement, the developer required the financing of Huntington Oaks Shopping Center in the City of Monrovia, CA. The specifics of the financing package arranged by LUCESCU REALTY include a $60.5 million senior mortgage and a $10.5 million mezzanine loan that replace a $51 million mortgage from Wachovia Bank.
Artsy 250N10 Rental Building in Williamsburg Is Now Fully Leased
LCOR, an investment management and development company with offices in the Philadelphia, Washington D.C. and New York City metro areas, recently announced its newest rental property in the Williamsburg neighborhood of Brooklyn is fully leased after less than half a year since the building was launched.
Walsh Administration: Boston’s Growing Population Calls for 53,000 New Housing Units by 2030
In an effort to accommodate an estimated 20 percent increase in the city’s housing stock over the next 16 years, the Walsh administration has come up with a new housing plan for Boston.
Historic Hotels of America Recognizes The Lord Baltimore as The Country’s Best City Center Historic Hotel
The historic Lord Baltimore Hotel officially reopened this year, following a multi-million dollar restoration that brought the old property back to life. Rubell Hotels, a family-owned company known for renovating architecturally significant and historic hotels and turning them into affordable cultural hubs, carried out the project. Its efforts have recently paid off.
Federal Capital Partners Buys Halethorpe Distribution Facility For $11.5M
Federal Capital Partners has recently announced the acquisition of an industrial distribution facility in the Baltimore area. The Chevy Chase-based company paid $11.5 million for the property. It purchased it from Alliance Partners.