News
$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured
Mayor Rahm Emanuel and Senator Dick Durbin recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority’s Red Line.
Construction Starts on New Charter Technology and Engineering Center
Charter Communications Inc. recently announced that construction has started on the Charter Technology and Engineering Center, a new research and development facility.
Nemours Children’s Clinic’s Lease on South Orange Ave. Renewed
The Nemours Foundation has had its 34,092-square-foot lease renewed at its Orlando location, in 1717 South Orange Avenue.
Hayman Acquires 518-unit Apartment Community; Richland Acquires Business Park
Troy, Michigan-based Hayman Company has completed the acquisition of The Lodge at Shadowlake, a 518-unit garden apartment community in West Houston.
Hanover Property, Sandlin Homes to Break Ground on Massive Residential Projects in DFW
Dallas-based Hanover Property Co. has purchased a 358-acre tract at the corner of Farm-to-Market 156 Blue Mound Road and State Highway 287 in North Fort Worth where it plans to develop a new $300 million master-planned community.
Federal Report Finds Big Loss in Bethesda-Rockville-Frederick Construction Jobs
The Arlington-based Associated General Contractors of America has recently released a new analysis of federal employment data. Although construction employment increased in most metro areas between March 2013 and March 2014, Maryland’s Bethesda-Rockville-Frederick region lost an important number of jobs.
City Approves Incentives for Mixed-Use High-Rise, Motel Conversion in Downtown Durham
Austin Lawrence Partners of Aspen, Colo. is planning the construction of a 26-story mixed-use tower in the heart of downtown Durham, as well as the renovation of the Jack Tar motel and parking garage on the next block.
Costco Opens $38M Location, Spurring CRE Activity Nearby
International chain of membership warehouses, Costco Wholesale Corp. has opened its newest U.S. location
W.P. Carey Buys Raytheon Office Building for $19M
A real estate investment trust has just recently acquired a 143,650 square-foot Class A office building currently leased to one of The Raytheon Company’s main business divisions, Raytheon Missile Systems which is the largest of Raytheon’s six operating segments and the largest private employer in the Tucson area.
Nordstrom Rack Enters the Albuquerque Retail Market at Winrock Town Center
By Anca Gagiuc, Associate Editor Well-known Seattle-based Nordstrom Inc. announced its plans to enter the Albuquerque market by opening a Nordstrom Rack at Winrock Town Center in the Uptown corridor. The retail store is scheduled to open in the fall of 2015. “We’ve long heard from customers in New Mexico that they’d love to have a Nordstrom […]