News
Economy Watch: New Home Sales Spike; Chicago Fed Reports May Slowdown
Last month, new home sales rose 19.8 percent year-over-year; a key Chicago Fed index confirms that economic growth slipped from barely above historical rates in May to below average.
424,000-SF Lease in Place for Suburban Boston BTS
Green Mountain Coffee Roasters Inc. has signed a 424,000-square-foot lease with Gutierrez Co., effectively paving the way for development of its build-to-suit office and R&D facility at the Burlington Research Center in the suburban Boston town of Burlington.
Cassidy Turley-Managed Building Awarded ENERGY STAR Designation
By Georgiana Mihaila, Associate Editor The U.S. Environmental Protection Agency recently presented its ENERGY STAR designation to the Boys and Girls Clubs of America Headquarters in Atlanta in recognition of the facility’s commitment to protecting the environment through energy efficient practices and management. The six-story, 143,000-square-foot building at 1275 Peachtree Street in Midtown is managed […]
Opus to Build New Office Building for Xcel Energy at Nicollet Mall
By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. […]
Regency Begins 280 KSF Shopping Center Outside Seattle
Regency Centers will break ground tomorrow on Grand Ridge Plaza in the master-planned development of Issaquah Highlands in Washington state.
Manhattan Apartment Property Fetches $280M
JD Carlisle L.L.C. and DLJ Real Estate Capital Partners L.L.C. have just pocketed $280 million on the sale of The Beatrice in New York City’s Chelsea neighborhood to Equity Residential.
NAREE Special Report: Housing Demand Grows; Will Supply Follow?
If there are two points economists during the NAREE conference agreed on, it was that housing demand is growing in the face of short supply and that the extent varies at a very local level. But the pace at which it will advance from here remains a moving target.
$120M Data Center Campus Announced for Metro Austin
Arista Data Centers plans to build a 500,000-square-foot, $210 million data center campus in Pflugerville, Texas, in the northeastern Austin metro area.
Economy Watch: Spain Set to Ask for Bailout; L-T Unemployment Down; Stimulus Debated
Spain might request as much as 100 billion euros ($125 billion) in financial assistance. U.S. long-term unemployment saw a drop, while Lacker dissented on the Twist.
The Second Community at Canyon in Oak Cliff Breaks Ground
By Camelia Bulea, Associate Editor The Canyon development in Oak Cliff has reached a new milestone — the groundbreaking of its second community, now that the first community is at 100 percent occupancy. The 200-acre mixed-use project, owned by Stratford Land and developed by GoundFloor Development, will be a community environment designed for livability, workability […]