Property Management
Shakopee City Council Approves Economic Development Incentives
By Gabriel Circiog, Associate Editor Shakopee City is set to welcome two new companies that will bring hundreds of jobs to town after the city council approved economic development incentives for SanMar Corp. and Trystar Inc., the Minneapolis / St. Paul Business Journal reports. SanMar Corp., an imprintable-clothing supplier, will invest $35 million to build […]
Brookfield, Hillwood JV on $1B Acquisition Vehicle
With the U.S. industrial market improving, Brookfield Asset Management and Hillwood announced a joint venture that is expected to invest as much as $1 billion in industrial properties over the next three years.
Smart Spending Strategies
Like most other aspects of property management, investing wisely into assets calls for a balancing act. The recession produced creative cost-saving strategies, yet many owners learned the hard way that depriving an asset of the capital needed to keep it competitive is self-defeating. By Paul Rosta.
EIFS in Practice: Implementation Case Studies
Exterior insulation and finish systems, or EIFS, has long been applied to residential properties but is now catching on as an insulation solution in the commercial sector. These case studies illustrate different applications that have produced energy cost reductions.
Exclusive: JLL Expands Operations with Fourth Office in Mexico
Commercial real estate in Mexico is heating up and Jones Lang LaSalle Inc. is expanding its presence in the country with the opening of an office in Guadalajara in the state of Jalisco.
Coreland to Manage 1.2 MSF of Watt Properties' California Retail
Coreland Cos.’ management responsibilities just got a lot bigger, as the company recently landed a contract to manage a 1.2 million-square-foot Southern California portfolio of neighborhood retail properties owned by Watt Properties.
Excel Trust Acquires La Costa Towne Center
By Gabriel Circiog, Associate Editor The retail-focused REIT Excel Trust has acquired La Costa Towne Centre, a retail shopping center in Carlsbad, for approximately $23.5 million. Located at 7710-7770 El Camino Real, the property has around 121,000 square feet of gross leasable space and is anchored by Vons, a division of Safeway. Although the lease […]
Roeland Park and Mission in Conflict Over Walmart Location
By Gabriel Circiog, Associate Editor While the border war between Kansas and Missouri saw a breakthrough as the two joined forces to keep the Marine Data Center from relocating to New Orleans, the Kansas City Star now reports Roeland Park is accusing its neighbor Mission of poaching its biggest retailer, Walmart, in order to kick-start […]
Simon Property Group Goes on $3.5B Spending Spree
Simon Property Group, the largest real estate company in the United States, went on a $3.5 billion shopping spree Thursday by acquiring a $2 billion stake in Klepierre, a major European retail and office player, and by buying out its joint-venture partner in The Mills U.S. shopping-center properties for $1.5 million.
CBRE to Market, Lease Next Phase of $631M Hong Kong Science Park
The Hong Kong Science and Technology Parks Corp. has appointed CBRE Group Inc. as the strategic marketing and leasing consultant for the $631 million Phase III of the Hong Kong Science Park.