News
MB Real Estate Expands Leasing Portfolio in Downtown Chicago
By Gabriel Circiog, Associate Editor MB Real Estate has announced the expansion of its leasing portfolio to over 14.4 million square feet. The Chicago-based company, founded in 1982, has been awarded five new leasing assignments in downtown Chicago. The new additions include 300 E. Randolph—a 57-story tower owned and anchored by Health Care Service Corporation. […]
Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago
Hot on the heels of a large leasing agreement, MB Real Estate has helped on the construction of a $150 million headquarters for Astellas Pharma in Northbrook, Ill., a project that won the praises of Illinois Gov. Pat Quinn.
Transit-Oriented Affordable Housing Development to Break Ground at Evans Light Rail Station
By Gabriel Circiog, Associate Editor The Urban Land Conservancy has sold a parcel of land at the Evans Light Rail Station for the construction of a mixed-use, transit-oriented development. The one-acre property, located along Denver’s Southwest light rail corridor at 2140 S. Delaware St., was originally acquired by the ULC in June 2011 through Denver’s […]
Digital Realty Expands into Chicago Suburbs with 575 KSF Campus
Digital Realty Trust, living up to its promise to create demand in the Midwest market, has acquired a 575,000-square-foot redevelopment project in a Chicago suburb to transform the property into a data center.
Forestar, Canyon-Johnson Partner on Luxury Austin Multi-Family Community
Forestar Group has partnered with Canyon-Johnson Urban Funds to develop Eleven, a new multi-family community at the southeast corner of East 11th St. and I-35 in Downtown Austin, Texas.
Kennedy Wilson Takes Dublin Property, Eyes European Acquisitions
Kennedy Wilson has acquired the Alliance Building, a 210-unit building in Dublin, Ireland, along with its partner Fairfax Financial. The two firms purchased the property for $50.4 million from Grant Thornton.
Adler Fund, Kawa Buy 467 KSF Portfolio in Houston
A joint venture between the Adler Real Estate Fund and Kawa Capital Management has purchased five parks in Houston totaling 16 buildings and 467,000 square feet of office, industrial and flex space.
As Strip Development Struggles, Downtown Mounts a Comeback
By Alex Girda, Associate Editor With development on the Las Vegas Strip consisting mostly of makeovers these days, the market is struggling to find its groove. In a dramatic switch from the past several decades, the center of gravity for development appears to be migrating from the Strip to Downtown, where hotels, casinos, and multi-family projects are […]
Primary Showdown Looms Over $29M Draper Recreation Center
By Alex Girda, Associate Editor The city of Draper faces a showdown over a bond issue on the June 26 primary ballot that would finance a $29 million, 120,000-square-foot to 140,000-square-foot recreation center. Since the city placed the issue on the ballot in early April, surveys commissioned by local authorities have shown public backing for taxes […]
Brentwood’s $61M Civic Upgrade Makes its Public Debut
By Alex Girda, Associate Editor In a bid to create a more vibrant image and revitalize its core, Brentwood has just wrapped a $60.8 million investment in its public buildings and spaces. Located in eastern Contra Costa County, the city of 51,000 marked the official opening of the multi-faceted project last month. A highlight is […]