National
The Baton Rouge Area Is The Fourth Best In The Nation For Construction Jobs Gain
The large number of construction projects in the Baton Rouge area are doing more than just changing the face of the region, they’re also adding jobs. And, according to data from the Associated General Contractors of America, they’re adding quite a large number of jobs.
Tucson Fills Out $3B Permit for Tesla Battery Plant
Tesla Motors continues to seek the perfect location for its brand new battery factory that would supply lithium-ion batteries to the firm’s Fremont assembly plant. Tucson is among the finalists and the Palo Alto, California-based manufacturer of zero-emission electric vehicles has just recently received a building permit from the city’s development services department.
BBL Commercial, Westbook Buy “Mister A.’s Building” in Downtown San Diego
One of the best-known office buildings in downtown San Diego was recently acquired by a partnership of BBL Commercial Real Estate of San Diego and Westbrook Partners. The buyer shelled out $39.25 million for the Fifth Avenue Financial Center. The two parties involved in the acquisition each represented themselves and all leasing activity at the building will henceforth be handled by real estate brokerage Cassidy Turley.
Office Building in Uptown Albuquerque Up For Sale for $6.4M as Residential Conversion
In times that are difficult for the office market in Albuquerque, solutions begin to surface. The four-story office building located right in the center of Uptown offers one: it’s up for sale as a residential conversion opportunity.
Brandywine Shopping Center in Glen Mills to Include 140,000 Sq. Ft. Wegmans Store
The recent sale of a large parcel of land on Route 202 and the Route 1 loop and southwest of the intersection of Routes 1 and 202 in Glen Mills, Pa. unveiled Wegmans’ big plans for Delaware County.
Detroit Joins Micro-Unit Development Wave with 180 Units at Shapero Hall Building
Two weeks passed since developers unveiled redesigned renderings of the dormant DuCharme Place and another redevelopment project is ready to kick off in Detroit’s Lafayette Park. Rumors surfaced recently that the long-vacant Shapero Hall building located at 1010 Rivard Street will be transformed apartments—and not any kind of apartments, but micro-units.
A.M.O. Management’s Modular Apartments in Oakland Rise in Record Time
In just a few days, A.M.O. Management assembled a three-story modular building with six new apartments in Oakland.
Preferred Apartment Communities Picks Up 364-Unit Nashville Apartment Asset and Two Shopping Centers
Preferred Apartment Communities’ (PAC) operating partnership Preferred Apartment Communities Operating Partnership, L.P. (PAC-OP) has signed purchase and sale agreements of $181.7 million with four entities for the purchase of four apartment communities totaling 1,397 units.
Bascom Group, Oaktree JV Buys New M-F Asset in Henderson
A Henderson multifamily asset recently traded hands when a Bascom Group venture and funds managed by Oaktree Capital Management LP moved on the local market for a new acquisition. The $250 million venture is now the new owner of The Edge at Traverse Point residential community after the deal was officially closed at the end of last month.
Armada Hoffler To Buy Dimmock Square Retail Center in Colonial Heights
By Adrian Maties, Associate Editor Armada Hoffler Properties Inc. is looking to add another retail power center to its portfolio. On Monday, Aug. 4, the diversified Virginia Beach-based company announced that it is under contract to buy Dimmock Square Shopping Center in Colonial Heights. The deal is expected to close in the third quarter. Armada […]