National
Colorado State EDC Approves Incentives for Gaylord and Pueblo Projects
By Gabriel Circiog, Associate Editor The Colorado State Economic Development Commission has awarded the Gaylord Aurora and Pueblo projects a sales tax incentive pursuant to the state’s Regional Tourism Act of 2009. The EDC went through a nearly year-long process of selecting, out of six applicants, the winners of the state RTA funding. The commission […]
Phipps Conservatory’s Certified Living Building Opens in Pittsburgh
by Adriana Pop, Associate Editor The Center for Sustainable Landscapes is scheduled to open at Phipps Conservatory and Botanical Gardens on May 23. It will be one of the world’s first certified living buildings. The 24,350-square-foot facility is the centerpiece of Phipps Conservatory and Botanical Gardens’ $20 million Phase III expansion project. The expansion is meant to […]
Queen’s Health Systems to Acquire Hawaii Medical Center West
by Adriana Pop, Associate Editor Queen’s Health Systems, the corporate parent of The Queen’s Medical Center, has signed a letter of intent and confidentiality agreement with St. Francis Healthcare System to explore the possibility of acquiring the former Hawaii Medical Center West campus. Formerly known as St. Francis West, the Ewa facility located on Fort […]
Gov. Mark Dayton Signs Off on Agreement to Build New Vikings Stadium at Metrodome
By Gabriel Circiog, Associate Editor Gov. Mark Dayton signed off on an agreement to construct a new $975 million stadium for the Minnesota Vikings at the Metrodome during a Capitol ceremony attended by business leaders, fans and team owners Zygi and Mark Wilf, Finance & Commerce reported. As previously reported by Commercial Property Executive, the governor, […]
San Antonio Welcomes Newly Completed $28M Dispatch Center
By Camelia Bulea, Associate Editor In 2010, the San Antonio Express-News announced that the city of San Antonio and Brooks Development Authority (BDA) had broken ground on the city’s new fire and police emergency dispatch center at Brooks City-Base. A year and a half later, the San Antonio Business Journal has announced the new development’s opening. […]
$30M to Finish Guste Homes; New Fire Department Building in Jefferson Parish
By Eliza Theiss, Associate Editor Officials recently approved $30 million in state bonds to finalize the redevelopment of the Guste Homes public housing complex in New Orleans’ Central City. According to a report by The Times-Picayune, the third and final stage of Guste Homes, a project of the Housing Authority of New Orleans, has a price […]
Rousse Properties Partners with Cinemark for New 12-Screen Lakeland Theater
The Lakeland Square Mall will soon be welcoming its own 12-screen, all-digital movie theater, according to an announcement by Cinemark Holdings Inc., one of the world’s largest motion picture exhibitors.
1776 Massachusetts Ave. Sells for $45.5M to ELV Associates
By Adrian Maties, Associate Editor ELV Associates acquired 1776 Massachusetts Ave., N.W., paying $45.5 million, or about $498.29 per square foot. The Boston-based real estate investment and management firm acquired the building from 1776 Mass Ave. L.L.C., an affiliate of New York’s Joss Realty Partners L.L.C. The property was built in 1970 and stands eight […]
Matteson Buys Upscale Complex in Novato for $67M
By Alex Girda, Associate Editor In a $67 million deal, San Mateo-based Matteson Cos. acquired the Millworks, a 124-unit upscale apartment complex that includes a 39,119-square-foot ground floor Whole Foods Market located in Novato’s Old Town district. The property includes 420,882 square feet ofspace over 124 units, as well as a three-level, 438-space parking garage. […]
Allstate’s 66,000 SF Lease in Tempe Offers Rare Bright Spot
By Alex Girda, Associate Editor In one of the area’s largest office leases this year, Allstate Insurance Co. inked a 66,000-square-foot deal at Tempe Gateway. Located in Tempe’s Mill Avenue District, the eight-story, 260,000-square-foot building facility has been owned since 2010 by Seattle-based Vulcan Real Estate. Allstate’s commitment means that Tempe Gateway is now 64 […]