News
Skanska Signs $120M Construction Contract for Indiana Manufacturing Project
Industrial Contractors Skanska, the resulting entity of Skanska’s acquisition of Industrial Contractors Inc. just one month ago, has entered into its first contract to provide construction services for a manufacturing project in Indiana for $120 million.
CBRE to Handle Leasing, Management for Five Buildings in Houston Center
J.P. Morgan Asset Management has turned over to CBRE Group Inc. the property management and leasing of five buildings totaling 4.2 MSF in the Houston Center complex on the east side of downtown Houston.
MBA CREF Special Report: Banks Wary About Overbuilding in Key Apartment Markets
Construction lenders raised concerns about the possibility of future overbuilding in key multi-family markets at the MBA CREF 2012 conference, which opened Monday in Atlanta.
Economy Watch: Nervousness Grows (Again) About Greece
Greece pushed back its austerity deadline from Monday to Tuesday, but is under intense pressure to reach a deal. The Conference Board saw its Employment Trends Index rise 0.73 points in January. And CRE prices seem to have plateaued for the time being.
Back-up Plan Surfaces for Downtown Block-E Complex
By Gabriel Circiog, Associate Editor
The future of the Block E retail-entertainment complex is in question, as Mayor R.T. Rybak says the plan to build a $400 million casino is not gathering pace at the Capitol, the Star Tribune reported.
Ten years have passed since the Block E opened, and now the building that was expected to […]
Duke Buys Medical Buildings; Oak Manor Apartments Renovated
By Camelia Bulea, Associate Editor
Duke Realty added 110,739 square feet to its Texas healthcare portfolio with the acquisition of two properties located on the CHRISTUS Santa Rosa Alamo Heights campus. The two properties, which currently are 100 percent leased, are:
A […]
FAA to Build $160M HQ; Hines-JP Morgan Venture Buys Computer Associates Building
By Camelia Bulea, Associate Editor
The Federal Aviation Administration plans a $160 million build-to-suit project in Dallas for its southwest regional headquarters.
One of the largest government real estate projects in the United States this year, the 357,214-square-foot structure will be built on […]
New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels
By Amalia Otet, Associate Editor
New Orleans will soon be home to the longest racetrack in North America. The new, $60 million NOLA Motorsports Park–currently under construction–will be located south of the TPC Louisiana Golf Course in Avondale, 14 miles from […]
Beachwood to Revitalize Old Commerce Park
By Adrian Maties, Associate Editor
With the growth of the healthcare, retail and service businesses and the decline of the manufacturing sector, Beachwood’s Commerce Park has gone from being an active industrial center to a district struggling with old, tired buildings. But […]
DHL Plans $47M Expansion at Airport
By Adrian Maties, Associate Editor
Following a $22 million expansion last year, shipping giant DHL Express USA Inc. plans to invest $47 million to build a 193,000-square-foot sorting building and upgrade its current 520,000-square-foot sorting facility at Cincinnati/Northern Kentucky International Airport. […]