Regions
JLL Completes Construction of $536M Medical Facility in Indiana
Jones Lang LaSalle Inc.’s job as program manager for the development of Parkview Health’s Parkview Regional Medical Center is done, now that construction of the 975,000-square-foot hospital in Fort Wayne, Ind., has reached completion. The big-ticket project came with an equally big price tag of $536 million.
Glimcher Plans to Acquire Blackstone's Interest in 1 MSF Hawaii Retail Center
In a transaction valued at approximately $289.4 million, Glimcher is looking to acquire the 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.
Cushman Names New CEO of EMEA
A year after being named chairman of the board of Cushman & Wakefield Inc., Carlo Barel di Sant’Albano is gearing up to take on another challenge for the world’s largest privately held commercial real estate services firm as he becomes CEO of the firm’s operations in Europe, the Middle East and Africa.
Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.
Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.
Goodrich Inks 105 KSF Office Lease in California
Aerospace company Goodrich Corp. has signed a 104,662-square-foot lease at the Brea Imperial Center in Brea, Calif., bringing the facility to 100 percent occupancy.
Transwestern Goes Global, Partners with BNP Paribas
With the strategic alliance of Houston-based Transwestern and Paris-based BNP Paribas Real Estate, the two firms have positioned themselves to focus on occupier clients and enhanced services to the firms’ customers in Europe, the Middle East, Africa, India and the United States.
Prologis Signs 270 KSF Industrial Lease in L.A.
With the signing of a 270,764-square-foot lease in Carson, Calif., Prologis has now fully leased the Prologis South Bay Distribution Center to 3PL Global L.L.C., a third-party logistics provider. The building, which is LEED Silver certified, is located near the Ports of Los Angeles and Long Beach.
AvalonBay Spends $63M on N.J. Multi-Family Complex
After a $63 million purchase, AvalonBay Communities Inc. is the proud owner of Windsor at Crystal Ridge, a 334-unit, Class A multi-family complex in central New Jersey.
Pru Delays $444M Newark Tower
The near-term fate of Prudential Financial’s proposed $444 million, 650,000-square-foot office-tower development in downtown Newark rests with the New Jersey Economic Development Authority and the Appellate Division of New Jersey’s Superior Court.
Investcorp Acquires $65M Mixed-Use Portfolio in California
In the largest transaction to close in the Northern San Francisco Bay Area thus far in 2012, Investcorp has added a 14-property portfolio to its holdings in a partnership with PB&J Acquisitions.