Regions
San Jose Office Building Trades for $82M
The 155,000-square-foot facility changed ownership for the third time in two years. The previous owners acquired the property half a year ago.
Stadium Square in Baltimore Lands First Tenant
Caves Valley Partners’ $275 million redevelopment project includes 650 luxury apartments, 300,000 square feet of office and 70,000 square feet of retail space.
Biggins Lacy Expands to Bay Area
Biggins Lacy Shapiro & Co. has opened its first West Coast office in Walnut Creek, Calif. Andy Shapiro will manage the new branch, located in the first building of Treat Towers.
Economy Watch: State Unemployment Rates Reach New Lows
Jobless rates were lower in April than in March in 10 states, stable in 39 states and D.C., and higher in only one state, according to the Bureau of Labor Statistics. Colorado’s unemployment rate of 2.3 percent is the lowest rate since the BLS began reporting these numbers in 1976.
NAIOP Index Tips Upward for First Time in 2 Years
The semi-annual survey indicates that CRE players are optimistic about the conditions of the real estate market, especially when it comes to employment growth and occupancy rates for new projects.
LAX Office Tower Trades
The new owner plans to reposition the asset, with changes including a complete rebranding, cosmetic exterior upgrades, and a full renovation of the lobby and entrance.
Seattle Lands $670M Mixed-Use Project
Oakpointe Communities and Presidio Residential have received approval for the development of LakePointe Urban Village, a 214-acre master-planned community in Covington, Wash.
Embracing Changes in the Commercial Insurance Industry
The forward-looking technology landscape and the growing regulatory environment are reshaping the vital ways in which insurance companies engage with customers, especially in the U.S., the largest insurance market in terms of premium dollars in the world. Adjusting to changes is the answer for Franklin Street Insurance Services Director Ted Holler.
Opus Finalizes MC Machinery’s HQ
Construction at the new 175,000-square-foot corporate campus in Elk Grove Village, Ill. began last year in April. The facility offers a variety of spaces designed for office, showroom and warehouse use.
Rees Properties Acquires Redwood City Office Asset for $32M
HFF marketed the sale on behalf of Griffin Capital, who acquired the property in 2007 for $24 million from DPR Construction. The sale of 1450 Veterans Blvd. was subject to a $17.9 million loan held by Northern Trust.