News
Perkins+Will Tapped as Master Planner for Walter Reed Campus
Global interdisciplinary design firm Perkins+Will has been selected as the master planner for the 62-acre Walter Reed Army Medical Center Campus.
With Receiver at the Helm, Construction Resumes on $180M D.C. Office Project
Less than a year after Rockville, Md.-based developer Opus East L.L.C’s bankruptcy filing put the brakes on construction of the 400,000-square-foot office building at 1015 Half Street in Washington, D.C., San Diego-headquartered court-appointed receiver Douglas Wilson Companies (DWC) has gotten the approximately $180 million project million project back on track.
Dividend Capital to Plunk Down $1.4B for 33-Property Office and Retail Portfolio
Dividend Capital Total Realty Trust Inc. is on the verge of increasing the size of its portfolio by 40 percent in one fell swoop.
Economy Watch: ADP Records Decent Job Numbers in April
The Automatic Data Processing Inc. (ADP) National Employment Report, which doesn’t always jibe with the U.S. Department of Labor’s monthly reports but which is closely watched nonetheless, said on Wednesday that U.S. employers hired a net of 32,000 workers in March.
FelCor Lodging Trust Wipes Out 2010 Maturities with New $212M Loan
Hotel REIT FelCor Lodging Trust Inc. has just gotten its hands on $212 million in financing for a nine-property hotel portfolio.
Canon Kicks Off $636M Development of HQ on Long Island
After three years of planning, Canon U.S.A. Inc. has just broken ground on its new 1.2-billion-square-foot headquarters in Melville, N.Y.
Turner Construction Commences Work on $93M Hospital Research Center in Ohio
With Turner Construction at the helm, ground has just broken on Nationwide Children’s Hospital’s (NCH) $93 million Research Building III in Columbus, Ohio. Turner is on track to complete construction of the 225,000-square-foot facility in 2012.
Economy Watch: Pending Home Sales Spiked in March for Obvious Reasons
The National Association of Realtors said on Tuesday that its pending home sales index shot up during March by 5.3 percent, to 102.9. In February, the index stood at 97.7.
DLA Piper: Public, Private Markets Show Improvement
2010 is expected to provide major shifts in the capital markets, according to experts.
Prudential Kicks Off New Loan Program for M-F Property Owners
Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.