News
Wells Core REIT Purchases 10-Story, 268 KSF Office Building in D.C. Submarket
Wells Core Office Income REIT of Norcross, Ga., has acquired a 10-story Class A office property in Herndon, Va., near Dulles International Airport outside Washington, D.C.
HFF Founders, Top Execs Join CBRE
CBRE made four huge personnel pickups: Harold Holliday, John Fenoglio, David Aaronson and James Richards will join the firm as executive vice presidents. All four will be based in the Houston office and will work on debt and equity-financing deals for clients in the region.
Economy Watch: New-Home Sales Down in February
According to the Census Bureau, new-home sales were down were down 1.6 percent in February. Despite high gas prices, Americans are driving more miles. And mass layoffs — defined as 50 or more employees — fell by 141 from January to February.
Work to Finally Start on East Campus in 2013
By Adrian Maties, Associate Editor
Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park […]
As Merger Looms, Harbor Properties Sells Two Multi-Family Assets to AREA for $41M
By Alex Girda, Associate Editor
Harbor Properties, Inc. has closed the sale of two multi-family complexes to affiliates of AREA Property Partners, the Seattle Times reported. AREA paid $40.9 million for the Mural apartment complex in West Seattle as well as with the Greenhouse complex in Columbia City.
The 136-unit, seven-story Mural (pictured) includes amenities such as […]
Cambridge City Officials Say OK to Google Kendall Square Expansion Plans
With a 7-2 vote, the Cambridge City Council finally approved on March 19 Google’s revised expansion plans that would reshape Kendall Square. The decision comes only days after the East Cambridge Planning Team, an independently incorporated neighborhood association that advocates for the community on issues concerning urban planning, commercial and residential development—rejected the search giant’s original plan for lack of housing amenities.
AiNET to open Data Center in Glen Burnie
By Adrian Maties, Associate Editor
AiNet, the Beltsville-based IT solutions provider, announced on March 19 it is preparing to open a data center in Glen Burnie, Maryland. Called CyberNAP, the 300,000-square-foot facility will be housed in an existing building, the former […]
AXA Financial to Relocate to Innovation Park; CharlotteLaw Secures Uptown Lease
By Eliza Theiss, Associate Editor
AXA Financial Inc. has signed a lease for about 140,000 square feet in Innovation Park and will relocate in May 2014 from its current offices at Ballantyne Corporate Park. The New York-based company currently leases 169,912 […]
Dees Stribling's Economy Watch Weekly
The housing numbers were a little down this week, but there were glimmers of improvement. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 23, 2012.
JLL Completes Construction of $536M Medical Facility in Indiana
Jones Lang LaSalle Inc.’s job as program manager for the development of Parkview Health’s Parkview Regional Medical Center is done, now that construction of the 975,000-square-foot hospital in Fort Wayne, Ind., has reached completion. The big-ticket project came with an equally big price tag of $536 million.