National
DDR Expands Set Up Shop Program in Central Florida
Based on the positive results of the pilot “Set Up Shop” program started in Atlanta in early 2012, DDR has decided to expand this small-business leasing program to 24 of the company’s shopping centers throughout Florida, with an emphasis on the central Florida markets of Tampa and Orlando.
Boston’s Innovation District Adds New Housing Development
The development wave in Boston’s growing Innovation District continues with a $62 million housing project that will take shape at 411 D Street. Last week, the Boston Redevelopment Authority approved a mixed-use complex proposed in January by a joint venture between Cresset Development and Clarion Partners.
Kessinger/Hunter to Develop Largest Spec Building in Kansas City Area
By Gabriel Circiog, Associate Editor Kessinger/Hunter & Company will develop a 821,256-square-foot warehouse in Olathe, Kan. The building, dubbed “Building B”, will be located in the l-35 Logistics Park at 155th and Old 56 Highway. Dan Jensen, principal of Kessinger/Hunter, said the multi-tenant distribution facility will be the largest building constructed on a speculative basis […]
Twin Cities Developer Peter Remes Plans Renovation of Recently Acquired 5.5-Acre Complex
By Gabriel Circiog, Associate Editor Twin Cities developer Peter Remes and his First & First L.L.C. purchased nine buildings in St. Paul’s Midway area and plans to invest millions of dollars in renovation, Finance & Commerce reports. The 5.5-acre, 205,000-square-foot complex, located from 550 to 558 Vandalia St., used to be the home of heating […]
SBS Construction Begins Work on a 78,000-SF Facility; SA Library Earns LEED Gold Certification
By Camelia Bulea, Associate Editor Self-storage developer SBS Construction has begun construction on Taft Self Storage, a facility that will be located at 11707 Culebra Road on the city’s far West Side. According to the San Antonio Business Journal, the facility will total about 78,000 square feet and will include 524 storage units — a […]
$15M Destrehan Clinic Planned; Fourth Daughters of Charity Clinic to Open
By Eliza Theiss, Associate Editor St. Charles Parish Hospital is seeking the public’s approval on an April 21 ballot for a $15 million loan intended for several projects, including an after-hours and primary-care clinic in Destrehan and further cardiac-care services at the main facility in Luling. According to a report by The Times-Picayune, St. Charles […]
Award-Winning Colliers Tampa Bay Closes Industrial Lease
Colliers International Tampa Bay has become a regular feature in local media this past month, having won six major honors at the Florida Gulfcoast Commercial Association of Realtors and Real Estate Professional’s annual Pinnacle Awards.
Archstone Project Answers Multi-Family Demand in Santa Clarita
By Alex Girda, Associate Editor In another sign of growing demand for multi-family rentals in the Santa Clarita Valley, Archstone and an affiliate of The Resmark Cos. recently broke ground on a 157-unit town home complex in Santa Clarita. “The strong job market in the Valley and in the Los Angeles area has helped create greater […]
Village Lindo Paseo Gets $26 Million in Financing from Wells Fargo; Westcore Properties Acquires Office Building in Encinitas
By Gabriel Circiog, Associate Editor Wells Fargo & Co. has provided $26 million in financing to complete the construction of Village Lindo Paseo, a 287-unit housing complex at San Diego State University, San Diego Business Journal reports. The project is developed by San Diego-based Village Lindo Paseo LP and is expected to house a total […]
Holliday Fenoglio Fowler Hired to Sell 1401 S. State St. and North Shore Hotel
By Gabriel Circiog, Associate Editor Holliday Fenoglio Fowler L.P. has been hired by a venture that includes Sam Zell’s Equity Residential and Dallas-based developer Lincoln Property Co. to market a 22-story apartment building located at 1401 S. State St., Chicagorealestatedaily.com reports. The South Loop urban loft high-rise was completed in 2008 and features 278 studio, […]