News
Nine Greenway Plaza Lands New Tenant
By Georgiana Mihaila, Associate Editor
Accounting firm Briggs & Veselka Co. is leaving its longtime home at 6565-6575 West Loop South in favor of the 31-story Nine Greenway Plaza. The Houston Chronicle reports that the company has recently signed a lease […]
American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT
Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.
Grubb & Ellis Gets Bumped from NYSE, Now Trades OTC
The New York Stock Exchange has delisted Grubb & Ellis Co., the long-beleaguered services and investment firm, whose common stock began trading over-the-counter on Friday, on the OTCQB marketplace operated by OTC Markets Group.
Economy Watch: Strength in Employment Numbers?
While the December jobs numbers were great, the economy needs more months like that. A refi rumor for GSE-sponsored homeowners made waves on Wall Street. And a recent report noted that CRE prices remained steady last month.
New Headquarters for Philadelphia Media Network
By Veronica Grecu, Associate Editor
The owner and publisher of Philly.com, The Philadelphia Inquirer and Daily News has leased 125,000 square feet of office space at 801 Market Street, in a vibrant spot in Center City Philadelphia that provides workers, shoppers […]
ORMC Announces $300M Redesign and Renovation Project
By Georgiana Mihaila, Associate Editor
The Orlando Regional Medical Center kicks off 2012 with a nearly $300 million New Year’s resolution: the largest redesign and renovation project in the history of the Orlando Health organization; the Orlando Health Board of Directors […]
New Year Brings More Development in Boston
By Veronica Grecu, Associate Editor
The city of Boston is seeking proposals for a mixed-use development planned on a 20-acre, weed-infested area between Chinatown and South Boston. In an interview for the Boston Globe, architect Marc Marguiles—who led the team that […]
Carter Validius Pays $95M for Atlanta Data Center, Digital Realty $63M
By Georgiana Mihaila, Associate Editor
An increased interest in Atlanta’s data center facilities marks a great new year start for the local commercial market. Carter Validus Mission Critical REIT, Inc. has just announced its $94.75 million acquisition of Peachtree Data Center, completed […]
Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast
By Alex Girda, Associate Editor
Seattle appears to be poised to rank high among invesment’s frontrunners again in 2012. A recent Grubb and Ellis Co. report places Seattle’s office market in second place nationwide during a year in which that recovery will continue […]
Bellagio Wraps $70 Million Renovation; Hooters Heads for Auction Block
By Alex Girda, Associate Editor
.Following the lead of other Las Vegas Strip titans, the Bellagio recently wrapped up a $70 million renovation of its main tower. The renovation comes after a number of makeovers announced or completed by landmark Strip properties […]