News
Potential Development Site Trades Hands in Bellevue’s CBD for $31M
Bellevue’s Central Business District is running out of room for development as one of the last spots in the area that could support a large commercial building was recently snapped up in a $31 million deal. Kidder Matthews representatives Andy Miller, Jason Rosauer, Dave Speers and Rob Anderson handled the sale on behalf of long-time owners Milt Walter and his wife, Sue Walter. The couple had owned the property for three decades prior to its recent trade to NIU Enterprises.
CIM, Kushner Buy 466 KSF Office Building in Lower Manhattan from Savanna
CIM Group and Kushner Cos. have purchased the 26-story office building at 2 Rector St. in Manhattan’s Financial District from Savanna.
Economy Watch: IMF Cuts Estimate for U.S. Growth; Consumers Grumpier; Industrial Production Flat
The International Monetary Fund reported that it expects the economy to grow by a relatively anemic 1.9 percent in 2013. Consumers were feeling a bit more grumpy in June, when the consumer sentiment index dropped to 82.7 from the 84.5 reading at the end of May. And industrial production was unchanged in May, after a decrease of 0.4 percent in April.
Rosemount Selects Vacant ADC 2 Building in Shakopee for Engineering and Manufacturing Plant
After announcing its interest in the 60-acre ADC site in Shapokee last year, Rosemount Inc., a division of Emerson Process Management, has now announced that it has selected the vacant ADC 2 building as the home of its new engineering and manufacturing plant.
$160M FAA Regional HQs to Break Ground in Fort Worth
Trammell Crow Company along with its joint venture partner, USAA Real Estate Co., plans to break ground on a $160 million build-to-suit office project in Fort Worth’s Alliance Park.
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.
Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008
Sourwine Real Estate Services, a locally based three-generation real estate owner, developer and property management company, is about to complete the first speculative office building in the Indianapolis area since 2008.
Makowski Ringel Starts $24.6M Apartment Project in Traditional-Style Master-Planned Community
Shilling Farms, the 443-acre Collierville master-planned development of Boyle Investment Co. is about to become one apartment complex richer
1 MSF Suburban New Orleans Office Property Changes Hands for $150M
Lakeway Center, a 1.2 million-square-foot office property in Metairie, La., just outside of New Orleans, has come under new ownership.
Greater Charlotte Area Gets 50K Sq. Ft. Data Center
The North Carolina Research Campus in Kannapolis has announced signing its eighteenth business.