News
FM Global Gives Former Johnston Headquarters a $60M Makeover
The former FM Global headquarters at 1301 Atwood Avenue in Johnston is currently undergoing a $60 million renovation.
RES Americas, Arkansas Electric Strike Deal for Murray and Carter Counties Wind Project
Renewable Energy Systems Americas Inc. has recently announced that its subsidiary RES America Developments Inc. has reached a long-term agreement to sell 150 megawatts of wind energy to Arkansas Electric Cooperative Corporation.
W.P. Carey Fleshes Out Details of Proposed $4B Merger with Affiliate REIT
A conference call Friday morning shed more light on the proposed merger between W.P. Carey Inc., of New York, and its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 – Global Inc., including the combined company’s assets, ownership and leverage.
IndCor Awards Cassidy Turley 7 MSF Industrial Assignment
IndCor Properties has turned to Cassidy Turley once again to oversee one of its mega-size portfolios. IndCor recently tapped the firm to manage a group of industrial properties totaling 6.7 million square feet in Northern California.
Wood Breaks Ground on 133-Unit M-F Building in West Houston
Wood Partners has begun construction on Alta Westheimer, a luxury apartment building in Houston.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
Economy Watch: Interest Rates Cool Off; Mortgage Delinquencies Heat Up
Mortgage interest rates, which spiked unexpectedly a few weeks ago, have been easing off since. And delinquent mortgages experienced an increase of 9.91 percent from May to June.
Battle of the Giants: Hines, Chevron Supersize Upcoming Skyscrapers
Houston’s commercial market is in the spotlight again, with two major developers looking to deliver the city’s next great skyscraper.
Tanque Verde Holdings Grabs Luxury Multifamily Property in Tucson for $12M
In a $12.3 million deal, Santa Barbara, California-based Tanque Verde Holdings LLC has acquired Aerie at Tanque Verde, an 85-unit luxury rental community in in Northeast Tucson, from Alta Vista Communities LLC.
Twilight Homes to Sell Houses Starting at $140,000 at Master Development
By Anca Gagiuc, Associate Editor The mixed-use Mesa del Sol has been under development since May 2001 when the State Land Office named Forest City master developer. The walkable development site is 10 minutes from Albuquerque International Sunport and 20 minutes from downtown. Multiple homebuilders have enrolled in the project, including Rachel Matthew Homes, Pulte Homes […]