News
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif.
Owner of the Historic Cosby Hotel Building Proposes Office/Retail Redevelopment Plan
By Gabriel Circiog, Associate Editor The Cosby Hotel building has a chance to dodge the wrecking ball as Sunflower Development Group plans to present a redevelopment plan for the historic construction, The Kansas City Business Journal reports. The 15,000-square-foot building was built in 1881 and was initially an office building for doctors before becoming a […]
JBG Breaks Ground on Social Security Administration Facility
By Adrian Maties, Associate Editor
Work started January 26 on the new twin-building Social Security Administration facility in Northwest Baltimore. Mayor Stephanie Rawlings-Blake attended the groundbreaking ceremonies together with City Council Member Rikki Spector; Robert A. Peck, Commissioner of Public Buildings […]
IRS Re-Ups on 532 KSF of Fresno Office Space
The Internal Revenue Service, acting through Government Properties Income Trust, just signed a 10-year, 531,976-square-foot lease renewal in Fresno, Calif.
Economy Watch: Americans’ Personal Income, Savings Up
U.S. personal income grew 0.5 percent in December, according to the Bureau of Economic Analysis. All but two EU nations voted to enact Germany’s fiscal policies. And the Midwest Manufacturing Index rose by 1.7 points in December.
Walker & Dunlop Provides $164M in Freddie Financing for Connecticut Multi-Family Properties
Walker & Dunlop L.L.C. has come through for Principal Management Partners with a $163.8 million loan package for the refinancing of a four-property apartment portfolio in Connecticut.
Greystar Acquires 5.6-Acre Parcel; Apartments Expected
By Gabriel Circiog, Associate Editor
Greystar Real Estate Partners has acquired a portion of the former home of Bennett Lumber in the Uptown area of south Minneapolis. Finance & Commerce reports the national apartment owner and developer paid $5.7 million for the property, which is located between Colfax and Dupont Avenue South.
Jim Gearen, part of […]
Satterfield & Pontikes Completes Wal-Mart Supercenters
By Camelia Bulea, Associate Editor
Satterfield & Pontikes Construction Inc. has completed three new Wal-Mart Supercenters in Corpus Christi. The centers were all finished in under a year.
The San Antonio business unit of Satterfield & Pontikes built two of the three […]
Bell Helicopter Expands at DFW; Stoneleigh to Become First Texas Luxe
By Camelia Bulea, Associate Editor
The Fort Worth City Council recently approved a tax abatement that will not only keep Bell Helicopter Textron in Fort Worth but has also approved the expansion of its headquarters and facilities in the area.
According to […]
Texaco Building to Become Mixed-Use Complex
By Amalia Otet, Associate Editor
The long-vacant Texaco building at 1501 Canal St. is one step closer to being rehabilitated. The Times-Picayune reports that the State Bond Commission has approved the issuance of as much as $22 million in bonds for […]