National
Cordish Companies will Add Two Residential Developments to the Power & Light District
By Gabriel Circiog, Associate Editor The developer of the Power & Light District, Baltimore-based Cordish Companies, is planning to add two residential projects to the mix, which will represent a $70 million investment, The Kansas City Star reports. Located in the heart of downtown Kansas City, with more than a half million square feet of […]
St. John Properties Starts Work on Two New Office Buildings at The GATE
By Adrian Maties, Associate Editor The Government and Technology Enterprise (The GATE) project is getting ready to welcome two new single-story, Class ”A” office buildings as St. John Properties has recently started work on 6170 and 6160 Guardian Gateway. Just a few months ago, St. John broke ground on 6190 Guardian Gateway, a three-story, […]
Country Oaks Sold for $6.7M; Arbor Hickory Hill Goes for $10M
By Eliza Theiss, Associate Editor The Memphis multifamily market’s southeastern subdivision seems to have picked up as the 200-unit Country Oaks Apartments at 3865 Kirby Pkwy. in Hickory Hill recently sold for $6.7 million to LCP Memphis LLC, reports The Memphis Daily news. The New Jersey-based company bought the property at a price of $33,700 […]
Former Wachovia HQ to Be Purchased for $245M
By Eliza Theiss, Associate Editor Hot on the heels of Parkway Properties Inc.’s $250 million purchase of Hearst Tower, one of the biggest office property sales of the year in the Charlotte area, comes another major sale. Israeli real estate firm Azrieli Group Ltd. recently announced it has entered a $245 million purchase agreement for […]
Lighting Owner Relocates Vinik Asset Management’s HQ to SunTrust Tower
Vinik Asset Management—the Boston-based hedge fund and investment firm founded and controlled by Tampa Bay Lightning owner Jeff Vinik—will soon relocate to Tampa’s SunTrust Financial Centre.
HFF Hired to Market Former KBR HQ in Houston
According to an official announcement, Holliday Fenoglio Fowler has been hired by KBR to market the 135.8 acres of land that used to serve as the company’s headquarters in Houston.
Supervisors Clear Way for Talks on Warriors’ Waterfront Plan
By Alex Girda, Associate Editor The city has taken a giant leap forward toward luring a new major-league sports franchise now that officials have approved negotiations with the National Basketball Association’s Golden State Warriors. The San Francisco Examiner reports that the city’s Board of Supervisors opted to eliminate the city’s competitive bidding requirement in the […]
Officials Seek Public Works Deal as Budget Deadline Looms
By Alex Girda, Associate Editor The debate over the 2012-13 Salt Lake City budget appears to be nearing a conclusion as Mayor Ralph Becker’s $204.3 million proposal comes under the City Council’s scrutiny. The mayor’s proposal falls just $1.5 million short of the council’s $205.8 million plan, with major differences primarily related to capital improvements, the […]
Connextions to Add 550 New Jobs to Colorado
By Gabriel Circiog, Associate Editor Connextions, a subsidiary of UnitedHealth Group’s Optum, has announced plans to create 550 new jobs in Centennial. The health care company will open a new solution center this month at 10730 E. Briarwood Ave. in WaterPark Center. The announcement was made at a news conference attended by Colorado Governor John […]
BRA Approves $500M Mixed-Use Development in Brighton Area
The Boston Redevelopment Authority (BRA) Board unanimously approved New Brighton Landing, LLC’s $500 million development project in Allston-Brighton on an underutilized property located at 38-180 Guest Street and 77 Guest Street.