News
Bandera Ventures to Build 300,000-SF Warehouse in Seguin
By Camelia Bulea, Associate Editor Two Caterpillar suppliers will lease about 300,000 square feet of space in Bandera Ventures’ planned warehouse building in Seguin, just east of San Antonio. The new tenants are Gray Interplant Systems and FCA Packaging, which have already signed on as tenants. Gray Interplant Systems will provide logistical support services, while […]
Plano Retail Sites Trade; Trammell Crow Plans Furniture Store Redevelopment
By Camelia Bulea, Associate Editor Trammell Crow Co. reportedly has plans to redevelop the former Robb & Stucky Furniture retail site, at the southeast corner of the Dallas North Tollway and Legacy Drive, and transform it into two Class A office towers. The towers will together total between 400,000 and 500,000 square feet. The Dallas Morning […]
MRN Plans Apartments for Rosetta Center
By Adrian Maties, Associate Editor
Apartment vacancies in downtown Cleveland are becoming harder and harder to find as office workers move in from the suburbs. Occupancies approached 96 percent late last year, the result of two decades of downtown population growth, […]
Kao USA Announces Move to Downtown Cincinnati
By Adrian Maties, Associate Editor
In February, Kao USA Inc. unveiled its plans to relocate to a new downtown Cincinnati headquarters in order to consolidate its North American operations. On March 28, the leading beauty-care brands manufacturer announced that the company […]
Equity One to Build 133 KSF Retail Center in the Bronx
The New York City Economic Development Corp. has awarded a project to develop a retail development in the Bronx to Equity One, which won the NYCEDC’s approval with a $54 million, 133,000-square-foot proposal.
Opus Group Named Contractor for 165 KSF Build-to-Suit Office HQ in Colorado
Opus Development has won the bid for the 165,000-square-foot build-to-suit contract for TriZetto Group Inc.’s new $110 million global headquarters in metropolitan Denver.
CBRE Unit Acquires Historic Seattle Office Tower by Foreclosure
Smith Tower, an iconic 42-story office building in Seattle, and the adjacent Florence Building, a 6,000-square-foot retail-and-mixed-use building, have been acquired by CBRE Capital Partners following a foreclosure.
Wiedner Investment Services Spends $60M on Upscale Phoenix Apartments
Following the improving multi-family trends in Phoenix and the country at large, Weidner Investment Services has made a $59.5 million investment in Alta Phoenix Lofts, a 332-unit high-rise apartment community in the city’s Downtown area.
Economy Watch: Retailers Shed Jobs, Put Dent in March Employment Numbers
While 120,000 jobs were created in March, that number would have been higher were it not for the retail sector’s lackluster jobs performance. The Fed found that consumer credit rose in February at a smaller rate than in the preceding two months.
Partnership Buys Tampa Land for New $37M Apartment Community
Following the acquisition of 25 acres of land in Tampa, a partnership formed by Crescent Resources L.L.C. and Global Growth Trust plans on developing a 344-unit garden-style apartment community.