News
CapLease Finances $40M Woodlands Acquisition
CapLease Inc. announced it has closed long-term financing on The Reserve at Sierra Pines, the 175,000-square-foot Class A office building located in The Woodlands that it recently purchased for $40.5 million.
1400 Hi Line Glass Tower Opens Half Leased
By Camelia Bulea, Associate Editor 1400 Hi Line – a glass tower in the Dallas Design District – opened with half of its available apartments leased: 57 of the 110 luxury apartments built out on the lower 10 floors. The tower opened on July 2, 18 months after it broke ground. The 24-story tower will […]
Clark Awarded $215M Inova Women’s Hospital & Children’s Hospital Construction Contract
By Adrian Maties, Associate Editor The Clark Construction Group recently announced its selection by Inova Health System to build the 665,000-square-foot Inova Women’s Hospital & Children’s Hospital, the largest phase of its capital improvement program. Clark is currently the top-ranked general contractor in Modern Healthcare’s Construction & Design Survey, with more than $1 billion in […]
Russian Residential Developer Opens Sales on Latest Residential Complex
Moscow-based residential development firm PIK Group recently launched sales for a new centrally located project.
Cantor Commercial Snags Freddie Mac Veteran May for Lending Business
Cantor Commercial Real Estate has snagged former Freddie Mac multi-family exec Michael May as the newest member of its multi-family team.
Avison Young Buys Property Management Firm in Las Vegas
Avison Young has acquired Las Vegas–based commercial property management firm Landry & Associates Inc., Avison Young announced Wednesday. The purchase places the Toronto-based company among Las Vegas’ top commercial property management firms.
Behringer Harvard, Prospect Capital Launch Investment JV
With an eye toward tackling the challenges posed by the plethora of low-yielding fixed-income vehicles in the current financial environment, Behringer Harvard Holdings L.L.C. and Prospect Capital have teamed up on the launch of a new venture.
Economy Watch: Fed Holds Off on Stimulus for Now; ADP Finds Jobs Increase
Will the Fed try to stimulate the economy more or not? Is QE3 in the immediate future? The answer to those questions at the end of the latest meeting of the Federal Open Market Committee on Wednesday was “not yet.” Meanwhile, ADP released a positive employment report.
Plans for Record-Breaking Ferris Wheels on a Roll
By Alex Girda, Associate Editor Caesars Entertainment Corp. has recently announced that its newest eye-catching project is getting off the ground after securing construction permits for what will be the world’s tallest observation wheel, part of Caesars’ LINQ retail, dining and entertainment complex. Dubbed the High Roller, the Ferris wheel will stand 550 feet tall, thus claiming […]
OSU Awards $98M Science Building Contract to Gilbane
Gilbane Inc., has secured the construction management contract for a $98 million chemical and biomolecular and engineering building on the Ohio State University campus in Columbus.