News
Burns & Scalo to Develop $40M Office Space in Southpointe II
By Adriana Pop, Associate Editor
Burns & Scalo Real Estate Services plans to construct two identical 100,000-square-foot office buildings in Southpointe II.
The $40 million development takes advantage of the increasing regional need for commercial real estate. Jim Scalo, president of Burns & Scalo Real […]
City Plans to Reconvert Dorothea Dix Campus to Urban Park
By Adriana Pop, Associate Editor
Gov. Beverly Perdue intends to reconvert the site of the former Dorothea Dix psychiatric hospital into a public park. The state Department of Administration will then need to find a solution to move the 1,300 state […]
U.S. to Issue RFP for Construction of Parking for Stealth Fighters
By Adriana Pop, Associate Editor
The U.S. Army Corps of Engineers is expected to issue a request for proposals to build a 135,000-square-foot parking area for 14 F-22 Raptor jets in Hawaii. Pacific Business News reported that the estimated cost of […]
Dees Stribling's Economy Watch Weekly
The euro zone crisis is over — until the next problem — and the U.S. economy looks comparatively good. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Feb. 24, 2012.
Brooklyn Has Most Distressed Properties in NYC
By Veronica Grecu, Associate Editor
The New York City Department of Housing Preservation and Development (HPD) recently released a list of the 200 most distressed residential buildings that were enrolled in the fifth round of the Alternative Enforcement Program (AEP). The […]
Midway, Pension Fund JV on 119 KSF Houston Office-Building Purchase
Midway Cos. and its joint venture partner, a pension fund client advised by L&B Realty Advisors, have sold part of the office segment of their 1.8 million-square-foot City Centre mixed-use development in Houston.
Related Buys 33-acre Site for New Multifamily Community
By Georgiana Mihaila, Associate Editor
Related Development is one step closer to building its newest rental community in West Miami-Dade, as the residential developer recently purchased a 33-acre site for $20.5 million. The property, located at the junction of Northwest 97th Avenue […]
FedEx to Build $142 Million Flight Facility; Memphis Multifamily Properties to Be Auctioned Online
By Eliza Theiss, Associate Editor FedEx Express, a unit of Memphis-based FedEx Corp., plans to build a $141.9 million flight-training facility adjacent to the existing Airways Boulevard location, reports The Memphis Daily News. The company currrently leases several flight-training facilities scattered throughout Shelby County. The new Air Operation Training Center would consolidate all flight-training into […]
Pivotal Group Acquires 21-Property, 3,200-Unit Texas Apartment Portfolio
Pivotal Group, in a joint venture partnership with an institutional investor, just completed the purchase of a 21-property portfolio of Class B apartment communities from TRA Midland Properties in an off-market transaction.
AT&T to Build $200 Million Data Center; RATO Headquarters Planned for Lincoln County
By Eliza Theiss, Associate Editor
Telecommunications and wireless provider AT&T announced it will build a $200 million data center in Kings Mountain, N.C. The development will create up to 100 permanent jobs and an additional 1,000 temporary construction positions. The data […]