News
Maxim Invests $65M to Expand San Antonio Facility
By Camelia Bulea, Associate Editor Maxim Integrated Products Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest approximately $65 million to expand its semiconductor fabrication facility in San Antonio. Purchased in 2003 from Philips Semiconductors Inc., the 380,000-square-foot facility will also undergo an equipment upgrade as part of the same investment, according […]
Investors Shop for Medical Office Buildings in DFW
By Camelia Bulea, Associate Editor Two investors recently purchased medical office properties in the Dallas-Fort Worth Metroplex. American Realty Capital Healthcare Trust Inc. bought two medical office buildings in the North Texas markets of Arlington and Sunnyvale, while commercial real estate investment fund Velocis and its investors have purchased Magnolia Medical Tower, an 89,727-square-foot medical office building formerly […]
Pioneer-Endicott Buildings to be Converted into 234 Market-Rate Apartments
By Gabriel Circiog, Associate Editor The Pioneer-Endicott buildings in downtown St. Paul have been vacant for some time, but things could soon change. Local developer Rich Pakonen envisions a 234-unit market-rate apartment conversion project that would also include 31,900 square feet of commercial space, Finance & Commerce reports. The two buildings are among the oldest […]
$13.4M Wal-Mart to Replace Former Gentilly Woods Mall
By Eliza Theiss, Associate Editor Looks like New Orleans’ shortage of retail options will soon be remediated, as national retailer Wal-Mart has closed on a deal to acquire the shuttered Gentilly Woods Shopping Center from the New Orleans Redevelopment Authority (NORA), The Times Picayune reported. Wal-Mart and NORA have been in talks for the past […]
Cleveland Medical Mart Achieves Milestone in Construction Process
By Adrian Maties, Associate Editor The $465 million Medical Mart & Convention Center project under construction in Cleveland has now reached an important milestone. On Friday, June 22, the uppermost steel beam was placed on top of the building in a topping out ceremony. Dignitaries and hundreds of construction workers signed a white steel beam, […]
$120M Waterside Place Breaks Ground in Boston’s Innovation District
By Veronica Grecu, Associate Editor Nearly two years since getting the final green light from the Boston Redevelopment Authority (BRA), The Drew Company broke ground on the newest addition to the city’s emerging Innovation District, the $120 million Waterside Place located on the corner of Congress and D streets across from the Boston Convention & […]
Invest Atlanta Moves to Georgia-Pacific Tower; Parkway Also Signs New Tenants
By Georgiana Mihaila, Associate Editor Invest Atlanta, the city’s official economic development authority, will soon be leaving its Pryor Street headquarters for the Georgia-Pacific Center; the agency signed a 13-year lease with landlord GA-MET—a joint venture of Metropolitan Life Insurance Company and Georgia-Pacific LLC—for 18,701 square feet on the 29th floor of the downtown office […]
Affirmed Housing Group Completes Affordable Apartment Community
By Gabriel Circiog, Associate Editor Affirmed Housing Group has announced the grand opening of the City Scene Apartments in the North Park neighborhood of San Diego. City Scene Apartments features 31 affordable homes which are addressed to those who earn 50-60 percent of San Diego County’s Area Median Income. Located at 4105 Georgia Street, the […]
Kansas City Council Prepares Hefty Tax Incentive Package to Attract Freightquote.com
By Gabriel Circiog, Associate Editor The Kansas City Council is preparing a hefty tax incentive package to lure Freightquote.com to cross the state line, The Kansas City Business Journal reports. The current headquarters of the online shipping company is in Lenexa at 16025 West 113th Street, but Kansas City proposes a $65 million Chapter 100 […]
Regency Plans 280,000 SF Retail Center for Issaquah
By Alex Girda, Associate Editor Issaquah Highlands, a master-planned community east of Downtown Seattle, will get a 280,000-square-foot grocery-anchored shopping center. Regency Centers will develop Grand Ridge Plaza on a vacant 25-acre parcel situated in the heart of the development. Regency’s forthcoming development will be anchored by Safeway, which will occupy 44,543 square feet. A […]