Regions

ProLogis has signed new lease agreements for approximately 250,000 square feet of distribution space in Osaka, Japan to two third-party logistics providers.Sankyu Inc. has leased approximately 184,600 square feet at ProLogis Parc Osaka II, a distribution facility located at the Port of Osaka. Sankyu currently leases approximately 54,000 square feet from ProLogis at ProLogis Parc Amagasaki.Also at ProLogis Parc Osaka II, Kintetsu World Express  has leased approximately 64,500 square feet. Kintetsu is now occupying approximately 209,000 square feet of ProLogis’ facilities in locations across Japan, China and in the United States.”Our portfolio of industrial properties around the Port of Osaka…

Eola Capital, an Orlando-based real-estate investment company, has agreed to an 81,500-square-foot, 10-year lease at Tampa’s  Sabal Corporate Center with the Ft. Lauderdale-based Nova Southeastern University. The three-story, suburban office building located in Tampa will serve as the new location for NSU’s Tampa Student Educational Center. NSU has other Student Educational Centers in Miami, West Palm Beach, Orlando, Jacksonville and Ft. Myers.Jamie Puddicombe of Palmaple Corp. represented the tenant in the acquisition of the space.Nova Southeastern University currently leases 41,000 square feet of office space in Eola Capital’s Sabal Park Plaza building. The new space will double the university’s Tampa…

At what was formerly the site of the Shartenberg Department Store in New Haven, Conn., a major redevelopment project has broken ground, marking the largest project for the city in more than 20 years, and the largest residential building ever built in the entire state. The redevelopment of the 700,000-square-foot area (pictured) located at 360 State St. will be managed Suffolk Construction Co., a privately-held building contracting firm headquartered in Boston. Fairfield, Conn..-based Becker+Becker is the developer and architect firm for the project.New Haven Mayor John DeStefano–who attended the groundbreaking–told CPN, “The most interesting aspect about this is that it…

Ground has broken on Shanghai Tower, planned to be China’s tallest building at 2,074 feet high. The project, being developed by Shanghai Tower Construction & Development Co. and designed by Gensler, is slated for completion in 2014.Shanghai Tower (pictured) is located in the Luijiazui Finance and Trade Zone. The project will complete a trio of towers including the adjacent Jin Mao Tower and Shanghai World Financial Center. The building will house Class-A office space, retail, a luxury hotel and cultural venues. Below-grade facilities include retail, connections to the Shanghai Metro and three floors of parking.”With Shanghai Tower we celebrate not…

The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city’s 49ers football team.Kofi Bonner, president of Lennar Urban’s Bay Area division, said that Lennar will contribute more than $500 million for the project which makes possible a 32 percent affordable housing rate and over $82 million in community benefits during the multi-year development. Additionally, Lennar will offer to pay $100 million to the 49ers to help…

The combination of Boston’s softening leasing market and the restrictive debt market will create high hurdles for office development through most of 2009. “A lot of (projects) may sit in limbo,” said Stephen Brodsky, senior vice president and head of Grubb & Ellis Co.’s Boston regional office.Few developers find themselves in Boston Properties Corp.’s fortunate position. The company is developing the $500 million Russia Wharf project on the Boston waterfront. Last spring, it signed Wellington Management Co. as a 15-year, 450,000-square-foot tenant to anchor the office component. And the pharmaceutical company Vertex Pharmaceuticals Inc. is continuing negotiations with The Fallon…

Matrix Development Group has acquired an 82-acre site in New Jersey that includes a total of some 342,000 square feet across 13 office and labratory buildings. The site has 2,000 feet of frontage on the New Jersey Turnpike near exit 8A. The price for the property has not yet been revealed. Steven Tolkach, managing principal of Newmark Knight Frank’s Princeton, N.J., office, represented Matrix in the deal. NAI Fennelly and Larry Doyle of Preferred Unlimited represented the seller. The 82-acre property includes 13 buildings that range from 5,000 square feet to almost 100,000 square feet, and the total property including…

The Bascom Group L.L.C. has acquired a 320-unit Class A apartment community in the Denver suburb of Aurora, Colo., in a $32.2 million deal with seller Steadfast Cos. The complex (pictured), known as Saddle Village Apartments, is located on 23 acres in a in the Saddle Rock subdivision of Aurora. The units range from one to three bedrooms, and were built in 2002. The property also features a swimming pool and spa, clubhouse with business center, playground, fitness centers, as well as basketball and volleyball courts. Additionally, Saddle Village is located within walking distance of the 1.7 million-square-foot Southlands Mall,…

The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures. The 15-year master plan for the expansion aims to allow the hospital to better accommodate the growing population of the surrounding Santa Clarita Valley. A total of 120 new beds will be added over that time, as well as more surgery suites and new clinical services not currently provided by the facility. “By approving the master plan, our City…

AMB Property Corp. has leased more than 590,000 square feet of industrial space to a wholly-owned subsidiary of a Fortune 100 company, stabilizing its more than 1.1 million-square-foot  development in the Greater Toronto Area West submarket.”The fact that AMB has fully leased a 1.1 million-square-foot development six months ahead of projected stabilization demonstrates just how focused companies are right now on streamlining operations, even in this challenging environment. We are continuing to see demand for infill-located, Class A facilities at our core hub and gateway markets,” Eugene Reilly, president of AMB’s Americas region, said in a release.As previously announced, AMB…