News
Selling Space in Seattle
By Alex Girda, Associate Editor
Seattle has seen an active sales market lately. Among its varied deals was the sale of Legacy Corporate Center in Redmond for $14.2 million, or $140 per square foot. The buyer is an entity based in […]
Unique DFW Mixed-Use Project Sets Sail
By Georgiana Mihaila, Associate Editor
Arlington’s mixed-use, master-planned community Viridian was finally launched this week. The highly ambitious project–set on becoming one of the country’s largest developments of its kind–was first announced three years ago.
Located just west of State Highway 360 […]
Forest City to Develop Mixed-Use in Dallas
Forest City Enterprises Inc. has big plans for the Dallas suburb of Frisco. The real estate company, acting through its Forest City Commercial Development subsidiary, has entered into a memorandum of understanding with the city and the Frisco Community Development Corp. to create Frisco North, a 320-acre mixed-use development that will sprout up in phases over an undetermined number of years.
Simon to Build First Premium Outlets in Arizona
Arizona’s very first Premium Outlets shopping center is in the works now that Simon Property Group Inc. has forged an agreement with the Gila River Indian Community’s Wild Horse Pass Development Authority. The REIT is building based on location, not demand, as the average vacancy rate in metro Phoenix is 12.4 percent.
Grubb & Ellis Healthcare REIT Grabs Medical Office Portfolio
Grubb & Ellis Healthcare REIT II Inc. added 10 medical office buildings spread out among eight properties to its portfolio with the acquisition of the Dixie-Lobo Medical Office Building Portfolio.
Economy Watch: Fewer Homes in Foreclosure, Housing Sales Drop, Leading Indicators Fall
U.S. mortgage foreclosures dropped during the first quarter of 2011 compared with the last quarter of 2010, while existing home sales declined 0.8 percent to an annualized rate of 5.05 million units in April and the Leading Economic Index also declined.
ULI Report: Office Developers Shy Away from Spec Developments
Office-development experts agreed that in-place assets are preferable to speculative development.
ULI Report: A New Era for Multi-Family
Not so long ago, the pinnacle of being an American meant owning one’s own home. But today offers a different story, according to a slate of panelists at the Urban Land Institute’s spring meeting.
Lingerfelt Snaps Up Liberty Property Portfolio for $100M
Lingerfelt Cos. increased its large presence in the greater Richmond, Va., area by a whopping 919,000 square feet in one fell swoop with the purchase of a 14-building office and flex portfolio from Liberty Property Trust.
Construction Tops Off San Francisco
By Alex Girda
The city of San Francisco never was one for ordinary policies. This week, Stanford University agreed to pay $3.7 million to the city of Menlo Park to help the local government deal with the traffic generated by the […]