News
AARP Taps JLL for First-Generation Facilities Outsourcing
AARP has selected Jones Lang LaSalle to provide integrated facility management services on demand for a seven-building, 887,141-square-foot portfolio, which includes AARP’s four-building headquarters compound and an office building in Washington, D.C.; two facilities in Rockville, Md.; and one in Lakewood, Calif.
Economy Watch: Most States See Annual Unemployment Drop; Hotels Gain Ground
Most states and the District of Columbia had unemployment rate decreases from a year earlier. Also, most hospitality markets have made a comeback, with hotel occupancy increasing by 1.9 percent in early August.
CyrusOne Expands Data Center in San Antonio
CyrusOne, one of San Antonio’s global colocation solutions providers, has purchased a 22-acre property as expansion of its data center campus. The remaining space in its existing facility, the equivalent of 19,500 square feet, was leased for the next 5 years to one single customer, identified as a Fortune 50 customer.
Affordable Public Housing Breaks Ground at Katrina-Marred Site
This week marked the start of yet another project that will erase some of the damage left behind by Hurricane Katrina.
MacFarlane Partners Sets Similar Development Plans for Two Multifamily Projects in South Lake Union
MacFarlane Partners has seriously ramped up its involvement in the Seattle area, specifically the booming neighborhood of South Lake Union, only recently announcing serious progress in the development of two different apartment projects. The investment management firm has recently announced a January 2013 deal for a parcel at 201 Westlake Avenue North where it intends to build a new apartment building, as well as the acquisition of the final parcel it required for its planned multifamily complex at 215 8th Avenue.
Downtown Cleveland Attracts Leasing but Loses Skylight Financial Group
Skylight Financial Group will move roughly 100 workers from the Skylight Office Tower at Tower City, in downtown Cleveland, to the United Bank Building at West 25th and Lorain Avenue, in Ohio City.
The Banks Development Team Announces Start Date for Construction on Phase IIA
The Banks will be Cincinnati’s largest single, mixed-use development with residential, office, hotel and retail components. In a recent release, the Banks’ master development team of Carter and The Dawson Company announced work will soon start on Phase IIA of the project.
CDC to Kick Off Phase One of Multi-Billion-Dollar Community in Houston
CDC Houston Inc., a subsidiary of Coventry Development Corp. of New York, unveiled plans for phase one of Springwoods Village, a $10 billion, 1,800-acre mixed-use community in Spring, just south of The Woodlands and 20 miles north of downtown Houston. Springwoods Village Town Center will include approximately 250 luxury apartment […]
Village Green Unveils Renderings for 254-Unit Mixed-Use Project in Saint Paul
Village Green Co. recently unveiled new renderings for its new market-rate housing development, The Penfield. Located on Robert Street between 10th and 11th Street in downtown Saint Paul, the 254-unit development is one of the first market rate mixed-use projects constructed in downtown Saint Paul in 20 years.
Liberty Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III
Liberty Property Trust recently announced it has entered into a definitive agreement to acquire the operating partnership of Cabot Industrial Value Fund III.