Regions
LR Health & Beauty Selects Germany for Production Plant
The company is adding a cutting-edge manufacturing facility to its home base in Ahlen to accommodate the development of aloe vera products.
Robust Development, Insatiable Demand in Seattle
The metro has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.
Skanska Tops Out DC Office Development
99M will consist of nearly 220,000 square feet of office space, and about 11,000 square feet of retail and restaurant space on the ground floor.
Enel Begins Construction on Peru’s Largest Wind Farm
The construction of the 132-megawatt wind facility, which will mark the company’s first wind project in the region, will set a subsidiary of The Enel Group back approximately $165 million.
College Adds to Solar System with Combined Solar and Storage
Santa Rose Junior College selected SunPower to deploy a fully integrated solar and storage project to add to its existing 77-kilowatt system that has been operating since 2007 atop the Frank P. Doyle Library.
Modera South Lake Union Awarded LEED Silver
The seven-story luxury apartment community is the first Mill Creek Residential property in Seattle to be awarded LEED certification.
Work Begins on Albuquerque’s Snow Heights Promenade
Snow Heights Promenade will feature a $45 million Entertainment Lifestyle center consisting of more than 127,000 square feet of retail space connected by an Entertainment Sound Stage placed in the center of the promenade.
Phoenix-Area Self-Storage Assets Find Out-of-State Owner
Marcus & Millichap’s The Mele Group arranged the sale of a 608-unit self-storage portfolio, offering 86,963 square feet of rentable space. The two facilities offer value-add opportunities.
Economy Watch Weekly: Middling Month for Job Creation
The number of jobs created in August was below this year’s average monthly gain, the Bureau of Labor Statistics reported. The month’s report did not include Hurricane Harvey’s impact on employment. Economy Editor Dees Stribling discusses the full report, for the week ending Sept 1., 2017.
Economy Watch: Large Banks Grow CRE Lending Faster Than Smaller Ones
In the second quarter, large banks increased their CRE loan portfolios by 2.56 percent, while medium-sized and community banks had more modest increases, according to a recent Trepp report.