News
Cree GmbH to Build First Unencapsulated Energy-Efficient, Timber-Hybrid Building
The first unencapsulated eight-story timber building will rise in Dornbirn, Austria, as Cree GmbH announces the groundbreaking ceremony for the world’s first LifeCycle Tower, LCT ONE, in September 2011.
Home Sales Down in July but Multi-Family Rentals Still Hot
According to the National Association of Realtors, existing-home sales fell 3.5 percent from June to July of this year, but the total volume is still 21 percent above the July 2010 mark of 3.86 million units.
MIG Real Estate Expands Portfolio; Renaissance Towne Center Sells for $23.8 Million
By Gabriel Circiog, Associate Editor
MIG Real Estate, a Newport Beach-based real estate investment company has acquired a 367,002-square-foot San Diego office portfolio for $56 million. The portfolio includes five class B office building on 17.83 total acres of land.
The purchase […]
Whiterock REIT Buys U.S. Bank Operations Center in Overland Park
By Gabriel Circiog, Associate Editor
The Toronto-based real estate investment trust Whiterock REIT has purchased the U.S. Bank operations center in Overland Park for $38 million, reports the Kansas City Business Journal. Whiterock will handle tenant management of the fully leased […]
State to replace Canton Viaduct
By Adrian Maties, Associate Editor
The Maryland Transportation Authority (MdTA) plans to replace the heavily deteriorated Canton Viaduct, a mid-1950s elevated roadway. Although the MdTA has at least a half-dozen projects under way at the Harbor Tunnel, Fort McHenry Tunnel and […]
Marriott International Announces Plans for Tallest Hotel in New York
By Veronica Grecu, Associate Editor
One of the most daring real estate developments will take shape at 1717 Broadway at 54th Street in Manhattan. In an official statement released this week, global hotel chain Marriott International and Granite Broadway Development announced […]
New Lives for Jones College Prep Building and Sheraton Hotel
By Veronica Grecu, Associate Editor
The Chicago Journal reports that construction has finally started at Jones College Prep’s new building on South State, on the old Pacific Garden Mission property. The estimated cost for the seven-story facility is $91 million, but […]
Local Incentives and Federal Programs Help Revive Metro Detroit Residential Market
By Veronica Grecu, Associate Editor
The Live Midtown incentive program which was launched just eight months ago has almost exhausted its funds totaling almost $1 million. The amount provided by Detroit’s major companies, Henry Ford Health System, Wayne State University and […]
AON Group Renews Brickell Lease; 2525 Ponce Signs Quest Workspaces
By Georgiana Mihaila, Associate Editor
Insurance giant AON Group has renewed its lease at Brickell Bay Office Tower in what marks the largest office lease transaction completed this year in Miami’s Brickell office market. Currently 91 percent occupied, the Class A […]
City Council Approves Development of Mixed-Use Project Near Barton Square Mall
By Camelia Bulea, Associate Editor
The mixed-use project near the Barton Creek Square Mall was approved last week by the Austin City Council with a unanimous vote. The project calls for 140 condominiums in two buildings, 86 townhomes, 75,819 square feet […]