LEED
Cardinal Point Soars Into South FL
CalSTRS traded the Class A, LEED Silver office building for nearly $50 million. The buyer plans to renovate the asset, which was built in 1983.
Ground Breaks on $60M Facility at WI Research Park
University Research Park Inc., an affiliate of the University of Wisconsin–Madison, will develop a 138,000-square-foot building that will be fully leased to Exact Sciences Corp.
Heitman’s LA Office Tower Earns LEED Platinum
The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.
Top 10 Austin Medical Office Buildings
Yardi Matrix rounded up the largest MOBs in the Austin metro area, as the state capital is home to a well-established medical sector and is one of the fastest-growing markets in the U.S.
Transwestern Sells Houston Trophy Asset
A Mexico-based equity fund acquired the recently completed Westway Plaza. At the time of sale, the 313,000-square-foot office building was fully occupied.
Skanska Sells Major Budapest Office Project
The real estate fund that acquired the 387,500-square-foot Mill Park also purchased Promenade Gardens, another newly constructed office building in the Hungarian capital.
Duke Realty to Relocate Indianapolis HQ
The 78,000-square-foot, custom-designed office building will be developed through a partnership with PK Partners and will be located in the Keystone at the Crossing submarket.
IKEA’s Illinois Distribution Center Receives LEED Gold
Totaling more than 1.2 million square feet, the distribution center is equipped with the largest solar rooftop in the state, featuring an 8,966-panel solar array.
Skanska, AECOM Hunt Tapped for Seattle Redevelopment
The estimated $700 million expansion will nearly double the Seattle Center Arena’s interior space to as much as 750,000 square feet. Construction is scheduled to start this fall.
Oxford Development Lands Coworking Tenant
Serendipity Labs plans to open its first Pittsburgh location in December, encompassing approximately 25,000 square feet at 3 Crossings in the city’s Strip District.