News
Alberta Development JV Grabs 671 KSF Retail Portfolio from A&B Properties
Alberta Development Partners and an affiliate of Walton Street Capital have acquired the three-property A&B Properties Mainland Retail Portfolio and the Maui Mall, a total of 671,538 square feet in Colorado, California and Hawaii.
DivcoWest Buys 670 KSF M-U Portfolio for $395M
DivcoWest has acquired One Kendall Square, in Cambridge, Mass., an 11-building, 7.9-acre campus that includes 670,000 square feet of office, lab and retail space; a nine-screen movie theater; a 1,500-space garage; and a small development parcel.
Economy Watch: Chief Executives More Upbeat; Architects Less Busy in December
The nation’s CEOs are somewhat more confident about their businesses’ prospects than they used to be. But the December Architecture Billings Index score contracted to 48.5 from 49.8 in November.
Griffis Residential Pays $43M for Luxury M-F Asset in Summerlin
With the amount of deals rising in recent weeks, and the single family home market up in 2013 in terms of prices, the residential market seems to be tightening up and proving its appeal to investors. Recently, a Denver-based multifamily investment and management company completed a deal for the acquisition of yet another Las Vegas residential property. Griffis Residential paid a purchase fee of $43.2 million for The Wellington, a luxury apartment community in Summerlin.
Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary
Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway.
University of North Florida, Habitat for Humanity Join to Build Homes in Historic New Town
The University of North Florida joined with Habitat for Humanity of Jacksonville to build a home in the historic New Town neighborhood. Building of the ranch-style model home at 1819 West 5th Street was supervised by UNF’s College of Computing, Engineering and Construction students.
New Tucson Water Treatment Facility Completed
Tucson Water’s Advanced Oxidation Process Water Treatment Facility has recently been inaugurated. Construction began in July 2012 and was completed on schedule and within budget.
Harley-Davidson Announces Second, 12,000-Sq.-Ft., Retail Store in Albuquerque
Albuquerque proved to be a prosperous environment for the Harley-Davidson® product and culture, so prosperous that a second retail store has been announced to open to meet customer demands. The new location will open in March at 8605 Lomas Boulevard NE and will operate in addition to the existing Thunderbird Harley-Davidson®.
Radisson Opens 350-Key Radisson Hotel in Hartford
The hotel destination at 50 Morgan St. in Hartford, Conn., has made its debut as the Radisson Hotel Hartford.
Sellar Property Group to Develop Residential Tower in London
Sellar Property Group, which last year completed the much anticipated The Shard, the tallest skyscraper in Western Europe, is now set to develop a 27-story residential tower on the South Bank of the Thames.