National
HID Global Receives LEED Platinum Certification for Its New World Headquarters and North American Operation Center in Austin
The first and only industrial manufacturing facility in the state of Texas to achieve LEED® Platinum certification is located in Austin. The distinction has been awarded to HID Global, a worldwide leader in secure identity solutions.
Woodbranch Plans New Residential High-Rise for Downtown Houston
The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp.
Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza
Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States.
Columbia Pike Streetcar to Get $65M in New State Funding from Commonwealth of Virginia
Great news for the Columbia Pike Streetcar. The Commonwealth of Virginia will increase its funding to the project by up to $65 million. This will bring the state’s contribution to as much as 50% of total design and construction costs of the streetcar project.
San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade
Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city’s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the growing appeal of San Diego’s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.
IKEA Eyes Spring Valley for First Las Vegas-Area Store
IKEA has announced that it is developing a brand new Las Vegas-area store, part of its current initiative to significantly expand its operations in the western United States. The Swedish retailer has reportedly filed paperwork with Clark County, Nevada for the construction of a new facility that would be completed by 2016, just 13 miles away from downtown Las Vegas.
JLL Tapped to Market 870,000 SF International Industrial Center in Virginia Beach
One of the largest high-quality industrial complex in the Mid-Atlantic Region is now on the market. Virginia Beach-based STIHL Inc. has recently retained the Hampton Roads office of Jones Lang LaSalle to sell or lease The International Industrial Center (The IIC).
Oak Residential Partners Acquires Multi-Family Property for $33M; Liberty Property Trust Plans Speculative Industrial Park in Durham
Oak Residential Partners LLC of Deerfield, Ill. is the new owner of the Evergreens at Mount Moriah, a 268-unit garden-style apartment community in Durham.
Mayor Holden Celebrates Completion of $27.8M Staring Lane Project
Good news for drivers going through East Baton Rouge Parish. Mayor-President Melvin L. “Kip” Holden hosted a ribbon cutting ceremony on July 9, at the General Assembly Church of Baton Rouge, at 420 Staring Lane, to mark the completion of the Staring Lane project. At a cost of $27.8 million, the project is one of the largest road construction projects included within the Green Light Plan.
Property Management Company Renters Warehouse Signs Franchise in Tucson
Renters Warehouse USA has recently signed four new franchises, one of which operates in Tucson. This is the company’s second agency in the state, as Renters Warehouse Arizona has been active in Phoenix since the inception of the parent company.