News
ULI: Industry to See Improvements Through 2014, Bolstered by Cap Markets
“Is distress in the real estate markets behind us?” was the main question on the minds of the respondents to the latest survey by the Urban Land Institute — and the consensus seemed to be a cautious “yes.”
Reports Suggest Marriott's Two New Downtown L.A. Hotels Badly Needed
All the hoopla surrounding the announcement of a $172 million, two-hotel project near the Los Angeles Convention Center looks like more than mere boosterism. The city needs modern hotel product to continue attracting convention dollars.
Boston's New Longwood Life-Sciences Building Leases 154 KSF
Courtesy of a many-layered deal involving multiple joint-venture partners, Boston’s Longwood area will see the construction of a 413,536-square-foot life-sciences center — and Dana-Farber Cancer Institute has inked a 154,000-square-foot lease in the property.
Economy Watch: Governments Out to Pop Oil Bubble
Reports by British, French and American sources said that the countries are considering releasing strategic oil stocks. Despite the increase in fuel costs, total truck tonnage on American roads was up 0.5 percent in February. And orders for durable goods increased 2.2 percent in February.
Around the Industry: Hirings and Promotions
News from around the industry: JLL gains two managing directors and an SVP; Cresa hires a new SVP; and Red Mortgage Capital, Rockefeller Development Group and Avison Young all add to their offices as well.
Allied Realty Services and Amstar Plan Luxury Apartment Community
By Gabriel Circiog, Associate Editor A new luxury apartment community is planned for Denver’s Jefferson Park neighborhood. Allied Realty Services Ltd. and Amstar have announced plans to build the 332-unit community on a site near Interstate 25 and Speer Boulevard. The ten parcels of land, totaling 4.5 acres, were acquired by the two companies over […]
1.2 MSF Northmeadow Business Park in Atlanta for Sale
Five years after picking up Northmeadow Business Park in Atlanta for $93.5 million, an affiliate of BPG Properties Ltd. has put a for-sale sign on the 1.2 million-square-foot business park.
Trammel Crow Plans Project on Former Water Treatment Site
By Camelia Bulea, Associate Editor
An old water treatment site in downtown Austin could be transformed into a $500 million real estate project, a vision that the city council made public a week ago. The city and Trammel Crow envision a […]
New $67 Million Dormitory Open for San Diego Sailors
John William Finn Hall, a new 264-room dormitory in San Diego, is ready for its first residents. The $67 million dormitory is located on Naval Base Coronado and is part of the Navy’s Homeport Ashore initiative, which is designed to improve the quality of life for sailors.
Bostonia Partners Secures $72M in Financing for NOAA Weather Center in Maryland
A $72 million financing deal secured by Bostonia Partners L.L.C. helped complete construction on a new NOAA Center for Weather and Climate Prediction in Maryland after it was stalled for more than two years because the original developer went bankrupt.