News
Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue
By Alex Girda, Associate Editor
Terramar Retail Centers L.L.C. paid approximately $35 million for Canyon Park Place, a 130,786-square-foot neighborhood retail center in Bothell. Anchored by a QFC Grocery and a Bartell’s Drugs, the center marks Calrlsbad, Calif.-based Terramar’s sixth such […]
Salesforce.com, BioMarin Deals Jump-Start 2012 Leasing Market
By Alex Girda, Associate Editor
A pair of major leasing deals is helping the New Year get off to a strong start in the Bay Area. In a $339 million deal that city officials called the biggest of its kind in […]
Kimco, TriGate Capital Buy Retail Assets
By Alex Girda, Associate Editor
Making its initial foray into the Phoenix metropolitan market, TriGate Capital has recently completed the $26.8 million acquisition of a six-property retail portfolio, a Cassidy Turley BRE Commercial press statement shows. Ranging in size from 40,000 […]
Cash Infusion from Canyon-Johnson Launches $160M Project
By Alex Girda, Associate Editor
One Santa Fe has been among the highest-profile redevelopment projects proposed for the Downtown Arts District ever since it was announced in the middle of the last decade. Now the $160 million plan finally appears ready […]
Siegel Group Plans 2013 Reopening of Former Atrium Suites
By Alex Girda, Associate Editor
The Siegel Group is eyeing a summer 2013 reopening for the former Atrium Suites Hotel in Las Vegas, a distressed 202-key asset on Paradise Road, the Las Vegas Sun reported. A group of investors led by […]
Noble Energy Signs 497 KSF Office Lease in Houston
Approximately eight months after Trammell Crow and Principal Real Estate Investors snapped up the former Hewlett-Packard headquarters in Houston, the joint venture has secured a commitment from Noble Energy Inc. to occupy the 497,000-square-foot office building in its entirety.
Deutsche Bank's NYC HQ Gets Record-Setting Solar Array
Deutsche Bank’s Americas headquarters is about to get a little greener, as the investment firm has just completed the installation of a 122.4 kW solar photovoltaic array on the roof of its New York City office.
CBRE: Global Outlook for CRE Remains Cloudy in '12
According to a year-end report by CBRE Group, the safest real estate assets –- prime properties in prime locations -– saw the lion’s share of the activity in 2011, but it may be difficult to continue that same level of activity in the new year.
Trammell Crow, USAA Break Ground on 700 KSF Industrial Facility in Pennsylvania
Following on the heels of reports that call for an uptick in industrial activity for 2012, Trammell Crow and USAA Real Estate have announced the groundbreaking on a 700,000-square-foot Class A spec distribution facility at Mountain Creek Distribution Center in Carlisle, Pa.
Economy Watch: Economists Not Quite So Dismal About U.S. Economy
Respondents to a survey by the National Association of Business Economics were overwhelmingly positive on U.S. GDP growth. The IMF chief is urging a “firewall” in Europe to insulate bad economies. And oil was added to the list of worrisome factors after Iran implied changes may be made to the Straits of Hormuz.