News
Canadian Onni Group Closing on Purchase of 200 N. LaSalle Office Tower
By Gabriel Circiog, Associate Editor
Vancouver, B.C.-based Onni Group is closing on its first Chicago investment after agreeing to pay over $95 million for a Loop office high-rise with a past-due loan. ChicagoRealEstateDaily.com reports that the Canadian real estate company is […]
Maycrest Urban Redevelopment Plan Gets Green Light; Johns Manville Plans Relocation to Greenwood Village
By Gabriel Circiog, Associate Editor
The Denver City Council has approved the Marycrest Urban Redevelopment Plan submitted by the Denver Urban Renewal Authority, The Denver Business Journal reports. A tax-increment financing district will be created at the site of Marycrest High […]
RIDC Receives $15M Funding for Large-Scale Developments
By Liviu Oltean, Associate Editor
The Regional Industrial Development Corp. of Southwestern Pennsylvania (RIDC) has been offered grants and low interest loans totaling up to $15 million for the development of large-scale regional projects.
The funding was recently approved by the Commonwealth Financing […]
Robertson Properties Group Submits Draft EIS for Aiea Project
By Liviu Oltean, Associate Editor
Robertson Properties Group has recently submitted the draft environmental impact statement (DEIS) for the mixed-use development of the former Kamehameha Drive-in property in Aiea. As reported by the Pacific Business News, the DEIS entails the development […]
Are Government Agencies Still Desirable Tenants?
With the severe budget cuts, and in many cases outright downsizing, hitting all levels of government, are government tenants as desirable to office building managers and owners as they were pre–Great Recession?
Residential Projects Planned for South Lamar Face Opposition
By Camelia Bulea, Associate Editor
At least six residential projects are either planned or under construction in the area near South Lamar Boulevard and Barton Springs Road in Austin. The apartment projects are to bring around 1,700 residential units to the […]
Mesa West Provides $130M to Refi Hyatt Regency San Francisco
Mesa West Capital has provided a partnership involving affiliates of Dune Real Estate Partners L.P. and DiNapoli Capital Partners L.L.C. with a $130 million first-mortgage loan for the refinancing of the 802-room hotel in downtown San Francisco.
Israeli Investors Purchase Houston's 344 KSF The Plaza at Enclave Office Building
Continuing the trend of a high transaction volume in the Texas markets, Core Real Estate and BayNorth Capital Inc. have sold The Plaza at Enclave to an affiliate of Azrieli Group, a real estate development and investment company located in Tel Aviv.
TMG, Rockwood Sign San Francisco Technology Tenant to 168 KSF Office Lease
Riverbed Technology, an IT firm in San Francisco, has just found itself a new home with a 167,788-square-foot lease at 680 Folsom St., courtesy a transaction handled by TMG Partners and financial partner Rockwood Capital.
Economy Watch: Americans Go on Borrowing Spree
All species of consumer credit increased during the fourth quarter of 2011, according to the Fed. An optimism index published by Investor’s Business Daily improved 1.9 points for February. And the talks in Greece continue, proving to be nail-biting for investors.