News
Coppin State University Breaks Ground on New Science and Technology Center
On Tuesday, May 14, Coppin State University hosted a formal groundbreaking for its new Science and Technology Center(STC). Lt. Governor Anthony Brown, Mayor Stephanie Rawlings-Blake, and other elected officials attended the ceremony.
IIT Buys 808 KSF Industrial Building in Mesa, Ariz.; Pays Cash
Industrial Income Trust, of Denver, a non-traded REIT, has purchased the 11-building, 808,400-square-foot Broadway 101 Commerce Park in Mesa, Ariz., for $77 million in a cash deal.
Student Art Plays Key Role in 100 Peachtree Restoration Strategy
Owner America’s Capital Partners has sought the help of a rather unusual group to assist in the $14 million restoration efforts and marketing strategy of the former Equitable Building in downtown Atlanta.
Economy Watch: Unemployment Down in Most States; Leading Economic Indicators, Consumer Sentiment Up
The unemployment rate in 40 states and the District of Columbia dropped. The Leading Economic Index increased 0.6 percent in April to 95, following a 0.2 percent decline in March. And consumers seem more optimistic as of mid-May.
Price of Seattle waterfront building shoots up 374% in less than 3 years
Equity Residential made a huge profit on an old Seattle waterfront building, selling it this week for $32.5 million.
ULI Special Report: Across the Generations
While the Baby Boomers and Gen Y sit at opposite poles, that doesn’t make it necessary to choose between them as targets for housing or retail. In fact, according to analysis at last week’s Urban Land Institute Spring Meeting, the two groups—those in the process of entering the ranks of seniors and their children—complement each other.
ULI Special Report: Gen Y Goes Shopping
As retailers and shopping center owners strive to attract Gen Y consumers, the Urban Land Institute’s latest study offers some insight into their likes, dislikes and shopping habits.
Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments
The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star’s parent company, Virginia-based Gannett Co. Terms of the transaction were not disclosed.
PQ Corp. Invests $120M in Kansas City Plant Expansion
PQ Corp. recently announced plans to invest $120 million in the expansion of its chemical plant in Kansas City, Kansas, an expansion that would add between 40 and 50 jobs to the already 100 existing jobs.
IDI to to Add 650KSF to Distribution Center In Olive Branch, Miss.; Community College to Convert Kroger’s into Teaching Facilities
Atlanta-based full-service industrial real estate company Industrial Developments International (IDI) has announced expansion plans for its Crossroads Distribution Center in Olive Branch, Miss.