News
Stag Industrial Buys Warehouse Facility for $8.1M
By Liviu Oltean, Associate Editor
Stag Industrial Inc. has acquired the OPW Fueling Containment Systems property for $8.1 million from an undisclosed seller.
OPW in Smithfield, a provider of underground fuel containers to gas stations, has been leasing the 191,450-square-foot warehouse and distribution […]
Brown Shoe Announces Closings for More than 140 Famous Footwear Stores Nationwide
By Liviu Oltean, Associate Editor
Brown Shoe Co. said it is planning to close about 140 Famous Footwear stores nationwide in the near future.
The decision was motivated by unsatisfactory performances in various locations, and it will be enacted in spite of […]
Electrical Workers’ Headquarters Receives LEED Gold
By Liviu Oltean, Associate Editor
The International Brotherhood of Electrical Workers’ recently renovated headquarters has received LEED Gold certification from the U.S. Green Building Council.
The renovation of the headquarters was managed by Architects Hawaii, the only Hawaii-based firm that ranked in the […]
Echo Pacific to Build Bio-Tech High School; Newmark Realty Capital Arranges $224 Million Financing for Class A Office Building
By Gabriel Circiog, Associate Editor
Echo Pacific Construction Inc. has started construction on The Del Lago Academy, Campus of Applied Science in Escondido. The new bio-tech high school is part of the Escondido Union High School District’s $98 million general obligation […]
TF Cornerstone Gets $265M Loan for Long Island City Project
TF Cornerstone has secured $265 million in financing from a consortium of four banks for the development of 4545 Center Blvd, an 850-unit luxury apartment high-rise that will sprout up in Long Island City, Queens.
JV Acquires 485,000-SF Timber Creek Retail Center for $82M
By Camelia Bulea, Associate Editor
Trammell Crow Co. has sold its recently completed Timber Creek Crossing, the first two-story Wal-Mart and Sam’s Club in Texas, for a reported $82 million, which could set a new record in the area as the […]
30,000 Homes Await Demolition in NE Ohio
By Adrian Maties, Associate Editor
Vacant homes in northeast Ohio have led to a dramatic drop in regional property values. Foreclosures, irresponsible banks, investment firms and individuals who abandoned their distressed properties have all played important roles in creating a problem […]
Breaking News: Equity Residential to Pick up $1.3B, 26.5% Ownership in Archstone
In a huge move for the Sam Zell-helmed Equity Residential, the firm has entered into a contract for a 26.5 percent ownership stake in Archstone, a privately held owner, operator and developer of multi-family apartment properties.
Christ Hospital to Open Outpatient Center in Fort Wright
By Adrian Maties, Associate Editor
The Christ Hospital announced last week that it will open an outpatient center in Northern Kentucky. The hospital already has an outpatient center in Anderson Township and started work on another one in Green Township earlier […]
$4B Better Buildings Challenge Unites Government, Private Sector
Saying “we can’t wait for Congress to act,” President Obama on Friday announced that over the next two years, nearly $4 billion in combined federal and private-sector money will be surging into energy upgrades to buildings.