National
Server Farm Realty LLC Adds Second Data Center in Chicago to Portfolio
Server Farm Realty LLC has expanded its presence in the Chicagoland market with the acquisition of a data center facility. The Los Angeles-based company has acquired the data center facility located at 800 and 810 Jorie Boulevard in Oak Brook, Ill. for $16,250,000. The Oak Brook facility becomes the company’s second Chicagoland data center project after it revealed its 450,000-square-foot data center at 840 South Canal Street in Chicago in June last year.
HFF Closes Sale of Panorama Corporate Center in Englewood
Holliday Fenoglio Fowler LP recently announced it has closed the sale of the 821,242-square-foot Panorama Corporate Center in Englewood, Colo.
BakerHostetler to Move to Cleveland’s Key Tower in 2016
Prime office spaces continue to be in high demand in Downtown Cleveland. BakerHostetler is just the most recent name added on the growing list of companies looking to do or to continue doing business in the CBD. Ranked 65th on the AmLaw 100 (American Lawyer, 2013, by gross revenue), the global law firm has recently signed a 15-year lease for space in Downtown Cleveland’s iconic Key Tower. Currently it is located in the PNC Center, at East Ninth Street and Euclid Avenue.
Cincinnati Seeks Brownfield Fund Grant for Brewery X Redevelopment Project
Cincinnati Beer Week is less than a month away. It’s scheduled to start on February 6 but real beer fans will be able to get into the spirit of the event even sooner. On January 27, a public meeting will be held at The Brew House to discuss the city of Cincinnati’s application for a grant from the Brownfield Fund for the Brewery X Redevelopment Project. The project’s goal is to turn a dilapidated historic building close to downtown Cincinnati, into a brewery with a tap room and an outdoor beer garden. The application is available for review at the Walnut Hills Branch of the Public Library of Cincinnati and Hamilton County.
Terramar Pays $99.5M for Safeway-Anchored Shopping Center in Ewa Beach
In a $99.5 million deal, California-based Terramar Retail Centers has purchased the newly developed 223,000-square-foot Laulani Village Shopping Center in Ewa Beach, Oahu from Property Development Centers, a subsidiary of Safeway Inc.
Ridgeview Takes Over Operations at Sibley Medical Center, Primary Care Clinics
Ridgeview Medical Center has recently announced that it has assumed the operation of Sibley Medical Center and its four primary care clinics. A new nonprofit entity, wholly owned by Ridgeview Medical Center, was created to fulfill the terms of the lease agreement with the City of Arlington.
KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Las Vegas’ residential market ended 2013 with a flurry of high-profile multi-family transactions. In a $237 million deal, KRE Capital and Dune Real Estate Partners teamed up to acquire five residential properties comprising 1,435 rental and condominium units, VegasINC.com reports. The seller, ST Residential, was […]
Non-Profit Design Center Reveals Renderings of Columbus Square Park
The neglected Passyunk Square neighborhood park is set for a much-need redesign with the help of a grant coming from a local non-profit organization.
La Kretz Innovation Campus in Cleantech Corridor Secures Final Part of Financing, Set to Open in 2015
An initiative that is set to reignite the tech sector in L.A. recently received the go-ahead as financing for the project is finally in place. Thanks to the U.S. Bank, the La Kretz Innovation Campus is now closer to reality as the last piece of the financial puzzle has been locked in. The banking giant has secured $14 million in New Markets Tax Credit for the La Kretz development project, which when completed will consist of a total investment of around $46 million. The project has received wide support from local officials, especially Los Angeles Mayor, Eric Garcetti.
Triangle Equities’ $200 Million Lighthouse Point Adds to Staten Island Wave of Developments
Queens-based Triangle Equities is finally moving on with one of the largest mixed-use projects to be developed on the North Shore of Staten Island since Hurricane Sandy hit the area. Though the New York City Economic Development Corporation (NYCEDC) green lighted the development plans in early 2007, the project faced several years of hurdles mostly because of the economic downturn that affected the real estate sector.