News
Dept. of Health Seeks 1M SF For-Rent Space in an Office Park
by Adriana Pop, Associate Editor The state Department of Health & Human Services (DHHS) plans to consolidate its 60 offices in Wake County into a 1 million-square-foot office campus in the Triangle region. According to the Triangle Business Journal, 10 real estate developer groups have responded to the request for proposals issued by the N.C. Department of […]
Cassidy Turley Helps Two Clients Obtain Energy Star Designation
The Northdale Executive Center I and the Tampa Electric Company building have recently received the Energy Star designation from the U.S. Environmental Protection Agency. Both buildings are managed by Cassidy Turley, a company known for helping clients to ensure their properties incorporate sustainable practices that are both cost-effective and environmentally sustainable.
Walmart Hits Tucson Retail Market with Five New Mega Projects
Walmart has launched three supercenters and two neighborhood stores in Tucson. The retail properties are in various stages of development. The discount retailer has identified Tucson as an area that is underserved when it comes to affordable shopping options, according to Walmart officials quoted in the Arizona Daily Star.
First Purpose Built Student Housing Launches in Brighton, UK
Property Frontiers is launching the first purpose built student housing in Brighton, United Kingdom to accommodate the greatly underserved student body in terms of housing.
Sabal Financial Picks Up $96M CRE Loan Portfolio
Sabal Financial picks up another loan portfolio, from The Bank of the West this time, during its recent commercial real estate shopping spree.
Health Care REIT’s Purchase of Sunrise Good Sign for Seniors Housing
The recent purchase of Sunrise Senior Living by Health Care REIT, making it one of the largest seniors housing owners in the world, points to a generously healthy seniors housing market.
McCarthy Breaks Ground on $73M L.A.- Area Transit Center
McCarthy Building began the construction of Bob Hope Airport Regional Intermodal Transportation Center on behalf of the Burbank-Glendale-Pasadena Airport Authority. The center will spread across a 20-acre site, adjacent to the Bob Hope Airport Train Station.
Economy Watch: Existing Home Sales Up; CBO Warns Congress; FOMC Hints at QE3
Homes sales grew. The CBO warns Congress that if it doesn’t act fast in preventing budget cuts and tax hikes, another recession is in the cards. The FOMC hints that it might be triggering another stimulus.
Del Mar Retail Center is Latest Local Buy for Donahue Schriber
In addition, Donahue Schriber, a private REIT, recently closed escrow on Bonita Centre in Chula Vista, a 98,854-square-foot center anchored by Vons and Rite Aid outlets.Bonita Center, which traded for an undisclosed amount, will likely undergo renovations that will preserve its original architecture. Elsewhere on the West Coast, Donahue Schriber acquired Four Corners Shopping Center in Washington.
Henderson Retail Center to Add Cinema, Restaurant Anchors
By Alex Girda, Associate Editor In a bid to step up traffic at Green Valley Town Center in Henderson, American Nevada Co. will unveil an eight-screen, 40,000-square-foot multiplex at the property in October. Galaxy Theatres, the new operator, will fill the void left by a previous operator. The cinema will offer the 118,000-square-foot center a […]