News
Avison Young Continues U.S. Expansion with New Houston Office
The office is the company’s fourth outside of Canada.
700,000-SF Connecticut Multi-Family Project Takes Green to New Heights with Fuel Cell Installation
Becker + Becker, developer of the 700,000-square-foot mixed-use 360 State Street residential project in New Haven, Conn., has just broken new ground with the installation of a 400-kilowatt fuel cell at the $180 million development, marking the world’s first large-scale residential installation of a fuel cell.
Digital Realty Bolsters Datacenter Portfolio by Nearly 1M SF to the Tune of $725M
The portfolio’s properties are located in San Francisco, El Segundo, Calif., Oakland, Calif., Chandler, Az., and Chantilly, Va.
KDC to Develop 160-Acre, $364M Corporate District at Craig Ranch
Located in McKinney, Tex., Craig Ranch is a 2,200 business, retail and residential community whose corporate district is valued at $364 million.
Economy Watch: Construction Spending Surges in April
Construction spending unexpectedly spiked 2.7 percent in April compared with March, according to the U.S. Department of Commerce on Tuesday.
Marina Properties Recession-Proof? CNL Lifestyle Thinks So, and Picks Up Two Chesapeake Bay-Area Assets
The Orlando-based REIT has just increased its assets in the sector with the recent acquisition of Bohemia Vista Yacht Basin and Hack’s Point Marina in Maryland’s coveted Chesapeake Bay area.
Feds Continue Construction Frenzy, Selecting CDM for $500M Design-Build Contract
CDM will have its hands full over the next several years. The indefinite delivery, indefinite quantity contract calls for the firm to supply design-build services for a variety of development endeavors to both USCG and the U.S. Department of Homeland Security.
National Health Investors, Capital Funding Strike $20M Loan Participation Agreement
The agreement is targeted toward CFG borrowers seeking bridge-to-HUD financing. CFG has provided more than $1.5 billion in HUD-insured mortgages nationwide.
Economy Watch: Consumers Still A Little Peevish
The Reuters/University of Michigan Consumer Sentiment for the end of May came in at 73.6, compared with 72.2 at the end of April and 69.5 in mid-April. Consumers aren’t as worried about losing their jobs as they once were, according to the survey, but that doesn’t mean they aren’t worried.
Land Deal Paves Way for Casino Hotel Project in Underserved Cambodia-Area Market
If all goes as planned, the initial phase of the gaming property will open its doors by the end of 2011.