News
San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market
A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, CA from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S.
Joint Venture Between Zocalo Community Development and Principal Real Estate Completes Sale of Residential Development at Union Station
Denver’s multifamily market recently recorded an important acquisition as an institutional client of Invesco Real Estate bought a residential complex from the partnership between Zocalo Community Development and Principal Real Estate Investors. The recently-completed apartment community is located in the city’s growing neighborhood of Union Station.
Universal’s Growth Brings 3,500 New Jobs
The upcoming expansion at Universal Orlando Resort will create 3,500 new permanent jobs during 2014, according to the management’s announcement. That is about the same amount of employees as Universal Orlando has hired in the past four years.
Kinloch Partners to Double Its Atlanta Investments in 2014
Kinloch Partners LLC recently announced its intention to purchase lots in 14 subdivisions in Metro-Atlanta, all of them in developments where new construction has been lagging since the 2009 recession. The firm wishes to bring its total investment to nearly 200 new homes in 2014.
Amity Realty Announces Multimillion Dollar Investment Opportunities at Chateau Beach
Chateau Beach Residences is a 33-story luxury beachfront condo tower in Sunny Isles Beach, Fla. just north of Miami, minutes from the prestigious residential estates of Golden Beach, luxury shopping and dining in Bal Harbour, and Aventura Mall. Its location allows for easy access to the Miami and Fort Lauderdale/Hollywood International airports as well.
Round Rock’s Cypress Semiconductor Campus Acquired by World Class Capital Group
By Anca Gagiuc, Associate Editor
The long abandoned Cypress Semiconductor campus in Round Rock has found its new owner. Austin-based World Class Capital Group LLC announced the acquisition from Cypress Semiconductor Corporation who closed the facility in 2009.
Balfour Beatty to Renovate Student Housing High-rise at UNC Charlotte
Balfour Beatty Construction has landed yet another contract at the University of North Carolina at Charlotte (UNC Charlotte), recently announcing being appointed construction manager at-risk for renovations at the university’s 202-bed Holshauer Hall
IHG Offloads InterContinental Mark Hopkins San Francisco in $120 Million Transaction
The California hospitality market recently saw a major boost when the first hotel facility to be developed in the city’s core in a number of years was announced. Now, a major acquisition deal was completed for one of the most high-profile hotels in the city of San Francisco.
$29M Digital Media Center Dedicated at LSU; Charter School Buys New HQ Building for $1.6M
The Louisiana digital technology sector celebrated yet another boost with the official dedication of the Louisiana Digital Media Center in Baton Rouge. The $29.3 million project, located on Louisiana State University’s (LSU) Main Campus, now provides 94,000 square feet of high tech space, housing both commercial and education tenants.
Longmont Local Authorities Opening up Debate for Redevelopment District, Former Site of Butterball Factory
After a crucial rezone measure was taken by local authorities, it is time for locals and investors to start coming up with ideas for a redevelopment site in the city of Longmont, Colo. The plan is to get inspiration for the development projects that would eventually replace the defunct Butterball factory occupying a large chunk of land.