Regions
Camel Energy Enters Ann Arbor, Plans to Invest $5M
The battery manufacturer plans to base its research and development headquarters in Pittsfield, Mich., with help from Ann Arbor SPARK and the Michigan Economic Development Corp.
Las Vegas Convention Center District Lands Final Approval
The $1.4 billion project will bring 600,000 square feet of new meeting space, while generating approximately 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion.
CBRE Secures Loan for Carlsbad Mixed-Use Campus
Mark McGovern, Scott Peterson and Brian Cruz of CBRE negotiated a $16 million loan for the refinancing of a 146,000-square-foot asset in Carlsbad, Calif. Tenants at Carlsbad Commerce Center include Advanced Brain Monitoring, SabreSciences Inc. and GIMDx Inc.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
Faris Lee Secures Buyer for OC Mixed-Use Asset
Raintree Evergreen LLC acquired the 14,900-square-foot retail and office property in Dana Point, Calif., for $6.6 million, which represents a 5.5 percent cap rate.
LandCap Plans Mixed-Use Project for San Diego’s Mission Valley
Latitude 33 and Tucker Sadler Architects have received the approval for the development of 319 units over two stories of parking and six retail units. The project is slated for completion in mid-2019.
Glimcher Group Expands Ohio Footprint
The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David’s Bridal and Party City.
Avison Young to Lease Thor Equities’ NYC Office Portfolio
A five-broker team fronted by Avison Young’s Arthur Mirante II and John Ryan III will co-handle leasing and marketing operations for the Class A and B properties.
Transwestern Appoints New EVP
George Vogelei will step up as the firm’s executive vice president of agency leasing, after spending more than three years at NKF.
Mizuho Consolidates NYC Offices on Avenue of the Americas
The Japanese bank will relocate its U.S. headquarters to the Rockefeller Group’s recently redeveloped 1271 Avenue of the Americas in Manhattan. The firm plans to occupy 148,000 square feet on the building’s below-grade, second and third floors.