News
Economy Watch: Retail Sales, Gas Prices
In July, American consumers took a break from an increase in retail spending, and the Energy Information Agency released its latest Short Term Energy Outlook on Wednesday.
San Diego State Starts $53M Makeover of Residence Hall
San Diego State University’s Zura residence hall renovation project has officially begun as Balfour Beatty Construction is handling the process on behalf of the organization. The process is essentially a $53 million investment aiming to upgrade and improve student housing facilities at the site. Financing for the project was sourced through California State University System wide Revenue Bond program, and housing reserves. Completion for the Zura hall renovation project is set for the summer of next year.
Venues Group Breaks Ground on Event Facility in Fremont East
The Venues Group recently held a groundbreaking ceremony for the company’s latest project, a Las Vegas entertainment facility. The developer, a premier special event and entertainment facility group, was represented at the facility by executives including Owner and Founder Victor Perillo and Vice President David Twigger, while the city was represented by Mayor Carolyn G. Goodman. The celebration included a brief press conference regarding the new development, as well as a VIP event that showcased the design flourishes of the development project that is set to take shape in downtown Las Vegas.
New York Investors Acquire Research Tri-Center Industrial Park in Record $115M Deal
An institutional real estate investment group represented by Clarion Partners of New York has acquired Durham’s Research Tri-Center industrial park, the largest property of its kind in the Triangle.
Avalon Solar Park One Step Closer to Completion
Avalon Solar, the 35 MW renewable energy project in south-central Arizona is under construction and the development has recently reached an important milestone as Array Technologies, Inc. has successfully shipped the solar trackers to be installed on the site.
NAHB Housing Survey Says Baton Rouge Is the Best-Performing Major Metro in the U.S.
Last week, the National Association of Home Builders/First American released its latest Leading Markets Index report. According to the new data, Baton Rouge continues to be one of the best-performing post-recession housing markets in the nation, and the best among the largest U.S. metro areas.
The Daskalos Family Acquires Two Shopping Centers in Albuquerque
In June of this year the Four Hills Village shopping center was listed for sale on an online auction. Recently, the Daskalos family, one of the big league players on the local real estate and development scene, is in the final stages of acquiring it together with the Shoppes at Taylor Ranch.
Health Care REIT to Acquire HealthLease, Partner with Mainstreet Property
In a multi-pronged deal that could eventually reach $2.3 billion, Health Care REIT Inc. announced that it has agreed to acquire Toronto-based HealthLease Properties REIT and begin a partnership with Mainstreet Property Group.
Construction Starts at Panda Power Funds’ Second 829-MW Power Plant in Pennsylvania
Local and state officials last week joined Dallas-based private equity firm Panda Power Funds and representatives of Gemma Power Systems and Siemens Energy, Inc. to celebrate the official start of construction at the 829-megawatt Patriot Generating Station located near Williamsport, the largest city in Lycoming County.
Private Car Condos Project in Pontiac Ready to Break Ground as Developers Close on 80-Acre Construction Site
More than one year after Birmingham-native and entrepreneur Brad Oleshansky announced plans to redevelop a vacant parcel in Pontiac, the project is now one step closer to becoming reality.