Regions
JBG Tapped to Develop $200M Research Campus for National Cancer Institute
Chevy Chase, Md.-based JBG Companies has been chosen to spearhead a new $200 million facility for the National Cancer Institute.
Hoffman Land Index: Land Values on Rise in Southern California
Southern California real estate players may be encouraged by news from the land brokerage The Hoffman Company, whose third annual Hoffman Land Index reveals that land values in many areas have doubled or tripled in 2009 as compared to 2008.
Hines Nabs Tenant for an Entire 112,800-SF Building at its New Office Complex in Madrid
U.S. office property owners with international portfolios have been assaulted by high vacancy rates at home and abroad, so Houston-based Hines’ latest news out of its Madrid office is no small matter.
Tata Consultancy Takes 180,000 SF At Tishman’s Hyderabad Project
In Hyderabad, India’s second-largest office lease in the past year, Tata Consultancy Services has inked a five-year lease for more than 180,000 square feet at Tishman Speyer’s WaveRock project.
Whiterock Wraps Up Purchase of Interest in 1.1M-SF Toronto Office Portfolio
Toronto, Ont.-based Whiterock Real Estate Investment Trust has just enhanced its office holdings with the acquisition of a 49.9 percent equity interest in a $214 million office portfolio located in the greater Toronto area.
Green Light for $386M First Phase of Kansas City Casino
The path has been cleared for work to commence on a new gaming property in Kansas City, Kan., now that the Kansas Entertainment L.L.C. has received its gaming license from the Kansas Racing and Gaming Commission and approval under the Kansas Expanded Lottery Act.
Economy Watch: Walgreens Goes New York
Dearfield, Ill.-based Walgreen Co., owner and operator of over 7,100 drug stores nationwide, is buying its way into the New York City metro market in a huge way with the purchase of Duane Reade, whose presence in the Big Apple is near-ubiquitous.
Turner Commences Work on $291M Medical Facility in Buffalo
Signs that the healthcare real estate sector is still alive and relatively well continue to materialize. Acting on behalf of Kaleida Health, New York City-based Turner Construction Co. has begun construction activity for a $291 million medical care and research facility at the Buffalo Niagara Medical Campus in Buffalo, N.Y.
Marcus & Millichap Lists Southern California Mobile Home Park for $44.5M
A tumultuous relationship between the city of Poway, Calif., and the mobile home park it owns may come to an end should the park sell – particularly if it sells to its residents.
Foreign Investment Fund to Acquire $1B in U.S. Retail Properties
Elbit Plaza USA L.P., a joint venture of Tel Aviv-based Elbit Imaging Ltd. and Amsterdam-based Plaza Centers N.V., have entered into an agreement with New York City-headquartered NCH Capital Inc.’s Eastgate Property L.L.C. subsidiary to form a real estate fund that will target retail properties across the continental United States.