News
Lowe Wraps Third Phase of $500M County Campus in Kearny Mesa
Lowe Enterprises, a Los Angeles-based, national real estate investment, development and management firm recently announced a development milestone for its $500 million, County Operations Center project in the Kearny Mesa submarket of San Diego. The company has finalized development operations for the third phase of its office campus, specifically the new Registrar of Voters Headquarters.
Othello Partners Awaits Design Review on New Rainier Valley Residential Project
Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential market. Now the company will follow the Station with its new, Othello Station North.
Rouse Properties Takes 2 Malls Totaling 2 MSF for $293M
With the stroke of a pen, Rouse Properties adds roughly 2 million square feet to its portfolio through the acquisition of Chesterfield Towne Center in Richmond, Va., and The Centre at Salisbury in Salisbury, Md.
Heitman Buys 866 KSF Regional Power Center in Bay Area
In what could be the largest retail property sale in the Bay Area in 2013 in terms of size, Heitman acquired Pacific Commons Shopping Center, an 80-acre outdoor mall in Fremont, Calif., from an affiliate of Catellus Development Corp., a TPG Real Estate investment.
Nonprofit FHI 360 Opens New HQ at American Tobacco in Durham
International nonprofit organization FHI 360 has opened its new headquarters at the recently completed LEED-certified Diamond View III building within the American Tobacco Campus in downtown Durham.
Shorenstein Buys 1.3 MSF Class A Office Property in Downtown Denver
Shorenstein Properties acquired Denver City Center, two downtown Class A office buildings with a total of 1.3 million square feet, from Crescent Real Estate Holdings for $286 million.
Economy Watch: Retail Sales See November Gain; CRE Prices Stable in October; Unemployment Claims Spike
U.S. retail sales edged up 0.7 percent in November compared with October. CRE prices stabilized in October. And for the week ending Dec. 7, initial jobless claims increased by 68,000 from the previous week.
URS Enters Florida Market with Acquisition of 108-Unit Complex
South Point Place Apartments has recently changed hands as URS Capital Partners acquired the 108-unit Jacksonville apartment complex. Officials stated that the company intends to update and rebrand the property.
Downtown Condos Expected to Sell Out Fast
Downtown Tucson Partnership has high expectations of the Flats at Julian Drew Block Condominiums community as all 53 units at 128 S 5th Avenue of are now listed for individual sale and the partnership anticipates great interest from buyers.
NextCare Opened its Second Clinic in Albuquerque
A new urgent care clinic opened in Albuquerque as result of a partnership between Phoenix-based NextCare Holdings Inc. and Lovelace Health System. This is the second clinic the two companies opened in the last months; the first one had the ribbon- cutting ceremony on October 1st.