News
Surfside Town Hall Offers EV Charging Point
Electric vehicle owners may never again run out of juice in Surfside as Car Charging Group, Inc. announced a new partnership with the Town of Surfside. The nationwide provider of EV charging services set up its charging station two blocks from the beach at 9293 Harding Avenue, behind the town’s Community Center.
Investcorp Acquires University Village & University Estates in Austin
Investcorp, one of the prominent providers and managers of alternative investment products headquartered in New York, announced the acquisition of several residential properties in separate transactions, in Austin, Chicago and Las Vegas. The amount paid for all transactions was approximately $270 million.
Lincoln Harris Eyes 480KSF Office Project, Amid Strengthening Market Fundamentals
Charlotte-based Lincoln Harris has announced plans to develop 480,000 square feet of office space on the former Maersk site in SouthPark, according to a report by the Charlotte Business Journal. Dubbed the Capitol Towers at Carnegie due to design and architecture evocative of Washington D.C., as well as the site’s location on the corner of Carnegie Boulevard and Congress Street, the project is expected to break ground by June 2014.
$180 M Office Transaction Announces Hong-Kong Investor Great Eagle Holdings’ Arrival to Bay Area Market
It’s been a fruitful few weeks for the San Francisco office market, and it recently got even better with the completion of a major off-market office deal. Foreign capital has elevated its presence in the area’s investment market recently and with the acquisition of the 123 Mission St. asset, Hong Kong-based investor, Great Eagle Holdings has made quite the splash.
$108M Wind Energy Research Facility Dedicated by Clemson University
Clemson University has dedicated the SCE&G Energy Innovation Center, a globally unique energy systems research and testing facility, in a ceremony attended by an international audience of more than 1,000 people, among which were elected representatives, industry executives and U.S. Department of Energy officials, including U.S. Deputy Secretary of Energy Daniel Poneman.
Ivanhoé Cambridge Adds 1.4 MSF of Office Space to West Loop Portfolio
Ivanhoé Cambridge recently announced that it has expanded its Chicago office portfolio by acquiring twin office buildings 10 and 120 South Riverside Plaza, in partnership with Callahan Capital Properties.
Cole Corporate Income Trust Inc. Acquires Five Corporate Properties
The private capital management business of Cole Real Estate Investments Inc., Cole Capital recently announced the acquisition of five single-tenant corporate properties by Cole Corporate Income Trust Inc. The combined price of the acquisitions, which includes two properties in San Jose, one in St. Louis, Houston and Colorado Springs was around $202.1 million.
709-Unit Luxury High-Rise Opens in Long Island City
Manhattan-based Rockrose Development Corporation officially opened its newest signature residential high-rise in the Long Island City neighborhood of Queens, where real estate experts predict a veritable housing boom in the next few years.
Skanska to Start Construction on $57 Million Academic Building for Harvard Business School
Details of one of the key projects outlined by Harvard University in its revised 10-year Institutional Master Plan (IMP) that was approved by the Boston Redevelopment Authority this fall were recently revealed.
Two Howard County Apartment Communities Sold for $68M
Two apartment complexes in Howard County have recently changed hands, with an aggregate sale price of about $68 million. Together, Elkridge’s Belmont Station and Laurel’s Ashbury Court Apartments offer 348 units.