News
InterContinental Hotels Group Announces New Holiday Inn Resort Hotel in Pagosa Springs, CO.
UK-based InterContinental Hotels Group (IHG) recently announced plans to open a Holiday Inn Resort Hotel in Pagosa Springs, Colorado.
Dallas-Based Corgan Chosen as Lead Architect for Toyota’s Plano HQ
In April, 2014, Plano rejoiced at the news that Toyota has selected the city for its North American headquarters. For the city, this would entail a $300 million investment on Toyota’s part and an influx of approximately 4,000 jobs. At the time, there were two important questions regarding the project: who will be the developer and who will be the architect of the 1-1.5 million-square-foot campus.
NexCore Breaks Ground on New Medical Office Building in Germantown’s Holy Cross Health Campus
NexCore Group has recently broken ground on a medical office building, located in the new Holy Cross Health hospital campus in Germantown. The Denver-based national healthcare developer will own and manage the new facility, scheduled to open in the third quarter of 2015.
Balfour Beatty Wraps Phase One of Detention Center in Santee
The first phase of the Las Colinas Detention and Re-entry Facility in Santee, Ca was recently completed by developer Balfour Beatty Construction. The company had been awarded the contract to develop the $221.5 million project that would replace the old 1960s detention facility. The facility will serve as the point of intake for women inmates in San Diego County, and is being constructed on existing property owned by SDC.
The Dilweg Companies Buys 12 Triangle Office Buildings from Beacon Partners for $89.5M
In its largest acquisition to date, The Dilweg Companies has purchased a portfolio of 12 office buildings in the Triangle area.
Baton Rouge Marriott to Hit Auction Block in September at $7M Starting Bid
Baton Rouge’s iconic Marriott hotel fronting Interstate 10, near College Drive and Corporate Boulevard, is going up for auction. The property was listed on auction.com, the largest online real estate auction firm in the country. According to the website, the starting bid is set at $7 million.
UNM Hospitals Break Ground on Outpatient Clinic to Meet Demand in North Valley
The North Valley Center for Family and Community Health at 3401 Fourth Street NW that broke ground recently is the newest outpatient clinic of UNM Hospitals; it’s expected to open next spring. Its purpose is to increase access to quality care and meet the growing demand for medical services in Albuquerque’s North Valley.
Tropicana Follows Up $200M Renovation With Meeting-Space Makeover
Tropicana Las Vegas – a DoubleTree by Hilton is currently undergoing major changes at its Tropicana Pavilion, with the facility being expanded for additional space. The entity recently announced that the development process is set for a March 1, 2015 completion. A number of improvements and new features are also planned for the process that aims to bolster the hotel’s convention business appeal in the coming years.
NAR Report Predicts Promising Future for Commercial Real Estate
The National Association of Realtors’ second quarterly commercial real estate forecast reveals that a strong rebound in economic growth and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors.
Select Income, Cole Corporate Income Trust to Merge in $3.1B Deal
The list of 2014’s REIT M&As continues to grow with Select Income REIT’s acquisition of Cole Corporate Income Trust.