News
OmniTRAX to Manage Texas-based International Railroad, Develop Industrial Park
OmniTRAX has signed a 30-year deal to manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Texas.
Overton Moore Buys 18 Acres of Industrial Land in Pomona, Calif.
Overton Moore Properties has acquired 18 acres of industrial land in Pomona, Calif., and immediately begun construction on a 240,000-square-foot Class A build-to-suit industrial property.
Economy Watch: World Bank Lowers Global Growth Predictions; Wholesale Prices Muted in May; Consumer Sentiment Down in Mid-June
The World Bank lowered its forecast for world economic growth in 2014. Wholesale prices for most products fell in May. Consumer sentiment edged down by 0.7 points at the end of May.
7550 Wisconsin Ave. Gets Six New Tenants
Akridge and Rockwood Capital, LLC have announced this week the signing of six new tenants at their jointly owned property, 7550 Wisconsin Avenue, in Bethesda, Md. The building is now 65% occupied.
Hines Announces U.S. Bank Plaza Earns LEED Gold Certification
Hines recently announced that U.S. Bank Plaza in Minneapolis has received LEED Gold certification from the U.S. Green Building Council under the Existing Buildings Rating System.
Construction Begins on Howard Hughes Corp.’s First Residential High-Rise at Ward Village in Honolulu
Joined by community leaders, future residents, partners and stakeholders, The Howard Hughes Corporation celebrated the groundbreaking of the first residential tower of Ward Village, a beachfront master planned community rising in the heart of downtown Honolulu.
After Nine Years, Walmart Reopens in New Orleans East
Another milestone in the Crescent City’s rebirth was recently celebrated, with the opening of New Orleans East Walmart on the former site of the Katrina-ravaged Lakeland Medical Center
Bristol I at Southport Scores $27.6M Loan Arranged by Johnson Capital
Johnson Capital recently completed a financing deal for an apartment complex in Renton, Washington. The company has provided a loan worth $27.6 million for the Bristol I at Southport community, a residential property completed back in 2002. Amos Smith and Sea Skelton, currently with Johnson Capital’s Irvine, CA office worked on behalf of the property owner to arrange the financing for the asset.
Cleveland Clinic, Select Medical to Build New Adult Inpatient Rehabilitation Hospital in Avon
The Cleveland Clinic has recently formed a joint venture with Select Medical, one of the nation’s largest providers of specialized acute and post-acute care. The two organizations plan to enhance inpatient rehabilitation services in Northeast Ohio and build a new 60-bed adult inpatient rehabilitation hospital in Avon.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.