National
Peabody Memphis to Go Under the Knife; Luxury B&B Planned
The Peabody Memphis, also referred to as South’s Grand Hotel, is expecting a major facelift. The 464-room hotel will begin a six-month renovation on Nov. 1, one that has been planned for the last few years and in design for one year.
Citrix Plans to Place Raleigh Headquarters in Warehouse District
by Adriana Pop, Associate Editor Citrix Systems Inc. has made the decision to locate its new downtown Raleigh headquarters in the old Dillon Supply steel warehouse at the corner of West and Hargett streets. The NewsObserver reports that the company plans to move into its new offices by November 2013, becoming the largest corporate presence in the […]
Green Energy Researchers Look to LEED Gold Building to Serve As New Facility
By Alex Girda, Associate Editor The Energy Biosciences Institute has announced that it’s moving into its new home—five years into its initiative to come up with energy alternatives. The building at 2151 Berkeley Way building will be shared with researchers from the University of California’s Department of Bioengineering, and approximately 300 researchers will be moving […]
Advocate Health Care Plans Two Hospital Projects Totaling $455 Million
By Gabriel Circiog, Associate Editor Advocate Health Care plans to take advantage of record-low interest rates and is moving forward with two hospital projects totaling $455 million in the Chicago area, Crain’s Chicago Business reports. According to documents filed with the Illinois Health Facilities and Services Review Board—the entity that regulates medical construction to avoid […]
Kilroy Continues Washington State Spending Spree with Bellevue’s Skyline Tower
By Alex Girda, Associate Editor Kilroy Realty Corp. is carrying on with its massive Northwestern assault in terms of spending. The well-known real estate investment trust recently announced the acquisition of a downtown Bellevue office tower known as Skyline Tower. The Los Angeles-based firm paid a reported $186.9 million to Skyline owner Beacon Capital Partners, […]
Meritex Expands Joint Venture Holdings in Atlanta with New Acquisition
By Georgiana Mihaila, Associate Editor In a move to further expand its joint venture holdings in the Atlanta area, Meritex has recently acquired a 106,945-square-foot office/ warehouse project in Norcross. Resource Real Estate Partners, LLC represented Meritex in the acquisition and has been retained as the leasing agent for the property. The multi-tenant, value-add property—located […]
$100 Million Residential Development Slated for Little Tokyo
By Alex Girda, Associate Editor With the acquisition of a 1.74-acre lot in L.A.’s Little Tokyo, Irvine-based developer Sares-Regis is moving ahead with its new residential development. The company intends to build a 240-unit premium multifamily community on the site as soon as possible in order to capitalize on downtown L.A.’s housing needs. Bill Montgomery, […]
CBRE Global Investors Fund Buys Two Class A Apartment Communities in Towson
By Adrian Maties, Associate Editor CBRE Global Investors recently announced it has purchased two mid-rise apartment communities in Towson, Maryland. The acquisition totals 430 units and was made on behalf of the CBRE Strategic Partners U.S fund series. The two class A properties are the Renaissance at the Quarter and Jazz at The Quarter. They […]
Lighting Retrofit Completed at Ernst & Young NYC Headquarters; Avison Young Closes on Three Transactions
A team of contractors made up of JAS Consulting, Philips Lightolier Energy Service Group and One Lux Studio recently finished work on a massive lighting retrofit project at Ernst & Young’s 650,000-square-foot headquarters in Times Square.
Clark Awarded $215M Inova Women’s Hospital & Children’s Hospital Construction Contract
By Adrian Maties, Associate Editor The Clark Construction Group recently announced its selection by Inova Health System to build the 665,000-square-foot Inova Women’s Hospital & Children’s Hospital, the largest phase of its capital improvement program. Clark is currently the top-ranked general contractor in Modern Healthcare’s Construction & Design Survey, with more than $1 billion in […]