News
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. […]
Cassidy Turley to Provide Leasing Services for 2.2 MSF D.C. Development
Cassidy Turley becomes part of a landmark development in Washington, D.C., with Property Group Partners’ selection of the firm to serve as the exclusive leasing services provider for the I-395 Air Rights Development.
Matrix Signs Clearwater Lease, Plans to Hire 150
By Georgiana Mihaila, Associate Editor Scottsdale-based Matrix Medical Network plans to put to good use its recently leased space in Clearwater by hiring at least 150 people. Matrix Medical Network, a provider of health assessments to members of Medicare Advantage health plans, has recently signed a 20,363-square-foot lease at the Bayview Pavilion in Clearwater. The […]
Sterling, RioCan Pay $17M for The Market at Village Center
By Georgiana Mihaila, Associate Editor
Sterling Organization, along with Canada’s largest real estate investment trust—RioCan—purchased The Market at Village Center in Cinco Ranch for a reported $17 million.
The 97,761-square-foot Class A power center is shadow anchored by a 174,000-square-foot Super Target […]
American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon
By Adrian Maties, Associate Editor
American Campus Communities Inc. has acquired full operational control of the 901-bed Varsity in College Park apartments. The Austin-based company paid $96.6 million for 79.5 percent of the existing entity that owns the Varsity.
Completed last year […]
TIAA-CREF Spends $58M on Grocery-Anchored Connecticut Retail
TIAA-CREF picked up Kings Crossing Shopping Center in Fairfield, Conn., from previous owner HH East Parcel L.L.C., an entity led by Summit Development.
Economy Watch: January Jobs Jump Broad-Based
January’s employment totals were even better than expected, adding 243,000 jobs. Greece’s government has finalized an austerity deal for the economically challenged nation. And the ISM’s non-manufacturing index rose 3.8 points last month.