News
HID Global Receives LEED Platinum Certification for Its New World Headquarters and North American Operation Center in Austin
The first and only industrial manufacturing facility in the state of Texas to achieve LEED® Platinum certification is located in Austin. The distinction has been awarded to HID Global, a worldwide leader in secure identity solutions.
Venterra Secures Acquisition Financing for Suburban Houston M-F Property
Venterra Realty has added a Houston-area fractured condominium property to its portfolio, the 332-unit Fairways at South Shore in League City, Texas.
INTERNATIONAL: Tata Housing to Develop M-F Community in National Capital Region of India
Tata Housing Development Co. is rolling out a new luxury residential project called Arabella in the Gurgaon district of India to serve a new class of wealthy consumers.
Sterling Bay Cos., J.P. Morgan Form Strategic Partnership
Sterling Bay Cos. has a new JV partner – J.P. Morgan Asset Management – as it continues developing several Chicago commercial projects, including the future home of Google and Harpo Studios.
Economy Watch: Housing Starts Slid in June; Unemployment Claims Drop, So Does Wall Street
U.S. housing starts in June dropped by 9.3 percent compared to May. In the week ending July 12, initial unemployment claims shrank by 3,000 compared to the previous week. Wall Street also took a dive on Thursday, supposedly on investor jitters about eruptions of violence in various parts of the world, or maybe because housing starts disappointed.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Woodbranch Plans New Residential High-Rise for Downtown Houston
The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp.
Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza
Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States.
Columbia Pike Streetcar to Get $65M in New State Funding from Commonwealth of Virginia
Great news for the Columbia Pike Streetcar. The Commonwealth of Virginia will increase its funding to the project by up to $65 million. This will bring the state’s contribution to as much as 50% of total design and construction costs of the streetcar project.
San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade
Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city’s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the growing appeal of San Diego’s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.