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University of Kansas Hospital plans $12M addition to medical office building
The University of Kansas Hospital has added 26,000 square feet to the medical office building under construction at its Kansas City, Kan., facility. The cost of the addition is estimated at $12 million.
Shrewsbury Wal-Mart plan gets hearing
The city of Shrewsbury is holding a public hearing Tuesday night on a redevelopment plan for Kenrick Plaza, which could bring a Wal-Mart to the site.
ZipRealty loss shrinks as revenue grows 15%
Online real estate brokerage ZipRealty Inc.’s revenue rose close to 15 percent during 2009, but the company’s efforts did not prove profitable.
Equity One to issue 4.2M shares of common stock
Equity One, an owner, developer, and operator of shopping centers, said it is issuing and selling 4.2 million shares of its common stock in a public offering. (EQY)
Christus begins construction of Westover Hills office building
Christus Santa Rosa Health Care and the Trammell Crow Co. will begin construction this week on its second free-standing medical office building in the Westover Hills area of San Antonio.
Panera Bread seeks tax abatement for new headquarters
Panera Bread is requesting tax abatement from St. Louis County as part of an incentive package for the restaurant chain’s new headquarters in Sunset Hills.
Stimulus supports thousands of Kansas construction jobs, report finds
The 50 ongoing or completed stimulus-financed highway construction projects in Kansas have supported 5,681 jobs that wouldn’t exist otherwise, a new report shows.
Baynes buys downtown landmark
The former home of the Buffalo Corn Exchange has been acquired by a prominent civic leader.
General Growth lands bids for $3.9 billion in capital
General Growth Properties Inc. has received offers for an additional $3.9 billion from two separate investment firms. (GGP) (SPG)
CapStone makes move into Cary
CapStone Bank, a Raleigh-based business lender, is opening a loan production office in Cary.
Glimcher alters credit facility
Glimcher Realty Trust has wrapped a deal to cut borrowings on a nearly half-billion-dollar credit facility and extend its maturity date out nearly three years.
Construction supplier opens store near GlobalFoundries site
Construction workers building the massive $4.2 billion GlobalFoundries chip fab in Malta, N.Y., won’t have to travel far if they forget their hard hat or safety glasses at home.
State health department shifts offices from Boston to Quincy
A group of state health agencies is moving to Quincy from Boston under a lease made public Tuesday.
$3.9B investment offered for General Growth Properties
General Growth Properties Inc., the owner and operator of several North Texas malls, said its biggest debt and equity holders have offered to invest $3.93 billion in the company, further fending off a competing offer from megamall owner Simon Property Group Inc.
Johns Hopkins issues first renderings of Belward campus
Johns Hopkins University has unveiled its vision for its planned Belward Research Campus in Rockville, a key anchor for Montgomery County’s massive Science City vision and one that the university said takes into account concerns from nearby residents about over-development in the area.
Construction begins on $23M forensic hospital
Crews have begun construction on the Arizona State Forensic Hospital at 2500 E. Van Buren St. in Phoenix.
D.C. neighborhood fund open for development bids
Builders in a dozen D.C. neighborhoods are eligible to apply for up to $145,000 in pre-development grant money through the D.C. Neighborhood Investment Fund.
Pittsburgh unveils plans for Allegheny Riverfront
Mayor Luke Ravenstahl and the Urban Redevelopment Authority presented a map to guide new development in what is expected to be a decades-long process of bringing the city back to an Allegheny riverfront long barricaded by industrial use.
Germantown Wegmans set for 2012
A Wegmans grocery store bound for Germantown could open as early as 2012.
General Growth adds $3.9B to Brookfield plan
General Growth Properties Inc., owner of several metro Atlanta malls, said its biggest debt and equity holders offered to jointly invest $3.93 billion in the company, bolstering a plan with Brookfield Asset Management Inc. to bring the mall owner out of bankruptcy. (SPG)
General Growth to get $3.9B in new funding
General Growth Properties Inc., has received proposals to receive an additional $3.9 billion from two separate investment firms, an infusion of capital the company hopes will help speed its reemergence from Chapter 11 bankruptcy protection. (GGP) (SPG)
Panther Properties pays $26.5M for Hunters Creek complex
A Massachusetts real estate investment firm bought a 306-unit apartment complex in Hunters Creek for $26.5 million.
Fort Sam Houston’s historic theater to receive new lease on life
The U.S. Army Corps of Engineers has awarded a $16.9 million contract to a construction company to renovate and expand the historic theater at Fort Sam Houston.
Reid Sanders joins Mid-America Apartment board of directors
Memphian W. Reid Sanders is joining Mid-America Apartment Communities’ board of directors. (MAA)
Northside critics to testify in state suit against McKee project
Two St. Louis residents plan to testify Wednesday in Cole County Circuit Court in Jefferson City in their $95 million lawsuit against the state of Missouri over tax credits awarded to developer Paul McKee Jr.’s $8.1 billion Northside redevelopment.
XVXV Enterprise buys Cardinal Capital Macaroni Grill building
A Clearwater building that houses Macaroni Grill at 28795 U.S. 19 sold for $1.8 million.
Terry Danner named Riverstone Residential Group president
Dallas-based multifamily property management company Riverstone Residential Group has named 21-year industry veteran Terry Danner as president.
General Growth adds $3.9B to Brookfield plan
General Growth Properties Inc., owner of the unfinished Elk Grove Promenade, said its biggest debt and equity holders offered to jointly invest $3.93 billion in the company, bolstering a plan with Brookfield Asset Management Inc. to bring the mall owner out of bankruptcy. (SPG)
Hanesbrands sells Kings Mountain buildings
Hanesbrands Inc. has sold two industrial buildings in Kings Mountain to a Pennsylvania real estate company as part of a sales-leaseback deal. (HBI)
Survey: Hiring outlook warms slightly
The hiring outlook for the Columbus area is improving from a dismal start to the year, according to new survey conducted by staffing firm Manpower Inc. (MAN)
Top producer Appleby joins PMRG's Dallas office
Commercial real estate rising star and top producer Ben Appleby has joined PM Realty Group's Dallas-area operations.
General Growth adds $3.9B to Brookfield plan
General Growth Properties Inc., owner of Regency Square Mall, said its biggest debt and equity holders offered to jointly invest $3.93 billion in the company, bolstering a plan with Brookfield Asset Management Inc. to bring the mall owner out of bankruptcy. (SPG)
Textron Financial files suit vs. Firethorne Country Club
Textron Financial Corp. has filed a lawsuit against the Firethorne Country Club near Marvin, the Union County town five miles south of Ballantyne.
Index: Construction costs dip in 1Q
Construction costs for non-residential projects continue to decline in the United States, though not as sharply as they did last year, according to a widely-used gauge in the industry.
Monsanto building $2.4M corn breeding station in Miss.
Monsanto said it plans to break ground Tuesday on a new $2.4 million corn breeding station in Flora, Miss. (MON)
Education Realty subsidiary to develop housing at Mansfield University of Pennsylvania
Allen & O'Hara Development Co. LLC has been selected to design two residence halls, which will have a total of 640 beds at Mansfield University of Pennsylvania. (EDR)
Louisville Downtown Management District luncheon scheduled
The board of directors of the Louisville Downtown Management District plans to host its annual meeting and luncheon Wednesday, March 24, at noon, in the Archibald Cochran Room at the Galt House Hotel.
Alliance Laundry reports profit growth
Alliance Laundry Holdings LLC, the Ripon manufacturer of Huebsch, UniMac and Speed Queen commercial laundry equipment, reported an increase in profits for 2009.
InterContinental Stephen F. Austin opening lounge
The downtown InterContinental Stephen F. Austin is transforming its lobby cafe into a lounge, the company said Monday.
SouthPark offices get LEED gold rating
The two office towers at Piedmont Town Center in Charlotte’s SouthPark area have earned Leadership in Energy and Environmental Design gold certification from the U.S. Green Building Council. (PNY)
Benchmarking survey gives Dublin high marks
Dublin officials are starting from a position of strength as they work to do more with less for the suburb’s residents.
Denver extends timetable on zoning code
The Denver City Council's Blueprint Denver Committee is scheduled to start reviewing the proposed, new Denver zoning code at its regular Wednesday meeting, according to the latest code schedule.
General Services Administration budgets $228M for Kansas City office
U.S. Sen. Christopher "Kit" Bond’s office on Monday released a spending plan that indicates — ­in writing for the first time — that the General Services Administration plans to go forward with construction of a 430,000-square-foot federal building in downtown Kansas City.
ProLogis makes tender offer for $540M in notes
Colorado’s ProLogis, one of the world’s largest owners of distribution centers, said Monday that it has launched a cash tender offer to buy back notes with outstanding principal totaling more than $540 million. (PLD)
Hines' first Camelback/24th building goes gold
The Hines building at 24th and Camelback has been certified LEED gold for existing buildings.
DeVry University moves S.F. campus to Oakland
DeVry University moved its San Francisco location into a Shorenstein Properties building in Oakland City Center. The school agreed to a seven-year lease for 16,000 square feet on two floors of 505 14th Street starting Sept. 1.
Exelixis to fire 270 workers
Drug development company Exelixis Inc. will fire 270 people — or about 40 percent of its workforce — in a restructuring move that it says will save about $90 million through 2011. (EXEL)
Dow flat Monday; Crocs up 3%
The Dow remained mostly flat Monday, finishing down 13 points, while the NASDAQ Composite was up slightly. In Colorado, Crocs led actively traded gainers.
Vaughan Co. moving forward with new board of directors
Vaughan Co. Realtors is establishing a new seven-member board of directors that will include three investors recruited by former CEO Doug Vaughan.
QuinStreet signs lease with a year's free rent in Foster City
QuinStreet Inc., a provider of online marketing and media services, is moving its headquarters to an new office in the same city.
Downtown homeless center wins LEED Silver certification
The Bridge Homeless Assistance Center in downtown Dallas has become just the second shelter in the country to receive Leadership in Energy and Environmental Design Silver certification from the U.S. Green Building Council.
Report: College Park's Seven Springs Village loan approaching default
The $93 million loan for Ross Development and Investment’s Seven Springs Village in College Park was sent to a special servicer Monday for imminent default, according to Fitch Ratings Ltd.
Fifth Third donates office space to Cincinnati Police
Fifth Third Bank announced Monday the donation of an 800-square-foot space in its Fountain Square office building to the Cincinnati Police. (FITB)
Northrock Business Park secures lease from Universal Ensco
Houston-based Universal Ensco Inc. will lease 4,000 square feet at Northrock Business Park.
Cornish & Carey expands into North Bay
Cornish & Carey Commercial/ONCOR International on Monday announced its expansion into the North Bay with new offices in Larkspur and Santa Rosa.
Vestcor aid vote set for Wednesday
The Jacksonville Economic Development Commission will vote Wednesday on whether or not to recommend to the Jacksonville City Council to modify the city-held mortgage loans on the 11 E. and The Carling apartment buildings to help the owner through the recession.
Baltimore Development Corp. seeks new bidders to remake piece of superblock
The Baltimore Development Corp. is seeking bidders for a piece of the so-called superblock, long-considered a vital link between the city's west side and its central business district.
Groups tell D.C. Council not to give Northrop Grumman money to move
A handful of small business advocates and anti-war activists told the D.C. Council Monday to scrap a bill that would provide millions of dollars in incentives to entice Northrop Grumman Corp. to relocate its headquarters to D.C. from Los Angeles.
Entertainment Properties Trust closes deal to buy Toronto Dundas Square
Entertainment Properties Trust said Monday that it had completed the acquisition of Toronto Dundas Square, a 13-level entertainment retail center in downtown Toronto, by paying off senior debt of about $120 million Canadian, or $116.7 million U.S. (EPR)
Cornish opens two North Bay offices
Cornish & Carey Commercial has opened two new North Bay offices and has hired former Orion Partners broker Haden Ongaro to manage both operations. The new offices are located in Larkspur and Santa Rosa.
Human Capital: People on the Move, Mar. 8
A daily roundup of senior-level executive hires and board appointments: Monday, March 8.
SmithGroup to design Hawaii Navy project
SmithGroup in Phoenix will provide design and engineering services for the Joint POW/MIA Accounting Command at Hickam Air Force Base in Hawaii.
New Shirdi Sai Baba Temple opening March 19
The Shirdi Sai Baba Temple will move into its new 4,700-square-foot home in Cedar Park March 19.
Forbes: Austin best economic recovery in U.S.
The Austin-Round Rock area tied for first on a list of large metros where the recession is easing.
Isle of Capri sues Florida Gaming Corp.
Isle of Capri Casinos has sued Florida Gaming Corp., the owner of two jai alai frontons in the state, for defaulting on a $3 million loan. (ISLE)
First Franklin posts ’09 loss; names board members
First Franklin Corp.'s 2009 full-year loss grew to $1.5 million, or 92 cents per basic share, from a loss of $1.4 million, or 84 cents, per share in 2008. (FFHS)
HFF posts 4Q net income of $1.5 million
Downtown Pittsburgh-based commercial mortgage broker HFF Inc. swung to a gain in its fourth quarter, but reported a net loss for 2009. (HFF)
Retail centers become face of market shift
Fort Wright Plaza was fully leased when Tappan Properties Inc. bought it back in 2003, with Stein Mart at one end and a Thriftway grocery as its anchor.
Governments have mechanisms to cushion valuation blows
However far commercial real estate values have fallen, the immediate impact on government and school tax revenues will not be as significant.
For lenders, ‘it could be 10 years before we get out of this’
If there’s any question how much pain the commercial real estate market is causing for banks, just ask Andy Hawking.
Even amid bad times, there’s still money to be made
Not everyone associated with commercial real estate is suffering.
Construction industry optimistic on 2010
By nature, Jim Logan is an optimist. Even in the darkest of times, he somehow manages to find the silver lining in things.
Construction spending lowest since ’03
Public projects are the only bright spot for the construction industry, which saw construction spending fall to its lowest level since June 2003 in January.
Med-office sector is bright spot in San Antonio market
Over the past several quarters, the medical office market has emerged as a top performer among San Antonio’s real estate sectors.
BRAC construction is heading into the final lap at Fort Sam
The crown jewel of construction projects that are part of the Base Realignment and Closure (BRAC) activity at Fort Sam Houston reached a milestone late last month when the final structural beam was put in place as part of the major expansion of Brooke Army Medical Center.
Developer writes prescription for success with medical owners
The financial meltdown that began to surface in 2007 has since almost eradicated speculative development in most real estate markets — including San Antonio.
Wichita subcontractors awaiting payment on Staybridge Suites work
An Omaha general contractor says it is close to resolving a mechanic’s lien against the developer of an east Wichita hotel.
100-acre NW Side housing/retail project is put on the sales block
A New York-based real estate investment firm has been tapped to find a new owner for a master-planned project in one of the city’s fastest growing submarkets.
A new industrial submarket?
Could Fayette County in Tennessee and Marshall County in Mississippi emerge as a new industrial submarket in the Greater Memphis area?
McKesson opts for DeSoto site
McKesson Corp. has chosen Olive Branch for the site of its new logistics and supply chain headquarters.
Pension fund buys southside warehouse
A giant pension fund has purchased a huge, vacant industrial building in McDonough, a potential vote of confidence that production and distribution of American goods is going to pick up this year. (CLX)
With new contractor, Extron to move ahead with building
RALEIGH – A stalled expansion of Extron Electronics’ East Coast operations in Raleigh is expected to be back on track by the end of May with a different builder in place.
Archimania buys Front Street site to develop building for its offices, additional tenant
Despite a floundering economy and an even shakier local architecture scene, Archimania is moving forward with plans to build a new four-story office at 52 S. Front where a previously planned 12-story condominium project never got off the ground.
Wells Fargo Insurance Services closer to deal
Wells Fargo Insurance Services (WFIS) is leaning toward a new lease at Buckhead’s Prominence building, where it would relocate and combine two divisions.
Accounting rules have RE market shadow dancing
To the long list of factors weighing on commercial real estate these days — most of them fairly obvious forces that bear on the supply-and demand-equation — add another: accounting standards.
Contractors fight PLA for Lake Champlain Bridge project
The Associated General Contractors of New York State is readying for a possible legal fight over the replacement of the Lake Champlain Bridge.
Deals of Decade spotlight trends that shaped city
Each March, Atlanta Business Chronicle recognizes the past year’s top commercial real estate deals with our Best in Atlanta Real Estate Awards.
Façades must be checked
Philadelphia for the first time will require landlords to regularly inspect building façades as a way to prevent accidents that could endanger pedestrians.
Cowan had profound effect on region’s boom
Many developers are satisfied to build an office tower, or a shopping center.
The University of Kansas Hospital clears space for treatment
The University of Kansas Hospital Authority is moving administrative functions to a Mission office building to accommodate increasing patient volumes on its Kansas City, Kan., and Westwood campuses.
Top event 2000-2009 was Midtown
The most significant real estate event in Atlanta during the first decade of the 2000s was, without question, the transformation of Midtown.
Banks keep struggling
Oregon’s 35 surviving banks lost $537.1 million in 2009, eight times what they lost the prior year, as real estate losses continued to hammer financial institutions.
Empty spaces shift focus, needs for property managers
Vacancies are up. Nashville has received more snow than it has in years. And if a water main isn’t breaking downtown, then the power is going out.
City National Bank nears lease at 1450 Brickell
Like planes on a tarmac, the deals are lining up at 1450 Brickell, the first of three new skyscrapers to open in downtown Miami.
FBI to lease space at Patriots Plaza II
About 800 FBI employees are expected to land in a new Southwest D.C. building, the most recent example of the real estate industry’s increased reliance on big government tenants to fill large blocks of empty space.
Abandoned site in Leander gets new lease on life
When high-end whirlpool manufacturer Aquatics Industries Inc. shut down its plant in Leander last year, the community was dealt a blow: 101 people lost their jobs, while the city was saddled with an abandoned factory amid a depressed commercial real estate market.
Cecil development contract scrutinized
Concern over negotiations between the city and Cecil Commerce Center’s master developer has the industrial development community ablaze, but the city says all the facts aren’t out yet.
Architects, builders team up on projects
When it comes to construction, government work is one of the few games in town.
Behringer defaults on loan for 1650 Arch; buys mortgage
Behringer Harvard REIT Inc. bought a roughly $42.5 million first mortgage that was on 1650 Arch St., after having defaulted on the loan.
Owners seek to overhaul center
The former Value City property in Kettering may get a $2 million makeover soon.
Commercial Real Estate - Deals of the Decade 2002-2009
OFFICE WINNER NCR an important brand name for city’s marketing After losing a number of high-profile corporate headquarters in the mid-2000s, Atlanta’s ego as a U.S. headquarters magnet was bruised.
Low prices draw investors
Last December’s race to close real estate sales before the end of the year produced two notable transactions, one a sale of suburban industrial space, the other a sale of downtown Portland office space.
Citigroup Center going back to lender
Broadway Partners is preparing to hand One Sansome St. back to Prudential Real Estate Investors, the latest in a series of highly leveraged downtown San Francisco owners who are voluntarily giving distressed properties back to the lender.
D.C. group pays $10.4 million for medical building in Catonsville
A group of Washington, D.C., investors has paid $10.4 million for the St. Agnes Healthcare Center, an 80,000-square-foot medical office building in Catonsville mostly occupied by its namesake tenant.
University Park sale shows not all prices are dropping
TAMPA — A South Florida private equity fund paid $12 million for University Park, a 99,234-square-foot complex that primarily houses health care-related companies.
Troubled commercial real estate turns to auctions
As the commercial real estate industry continues to decline, a growing number of property owners are turning to auctions to try to sell troubled properties.
Charlotte Center City Partners seeks boost in office leases by June
Charlotte Center City Partners has set a goal of 400,000 square feet in new office leases for the fiscal year ending June 30.
Industrial uptick in East Bay gathers speed
Aaron Metals’ recent purchase of a 100,376-square-foot building in Hayward reflects two major trends in the Interstate 880 industrial market: Deal activity appears to be on the upswing and any deal requires competitive pricing or rates.
ReVenture may land $197 million wastewater plant
Charlotte-Mecklenburg Utilities is pushing a deal with Mount Holly for a new treatment plant — the first to be built by the city in more than 30 years — that could help anchor a renewable-energy business park.
New zoning rules aim to revitalize Orinda Theater Square
With its colorful “Orinda” marquee visible from Highway 24, thousands of people each day go past Orinda Theater Square, a retail and office development. Getting them to stop in has been a long-running problem.
Casino plans sparks interest in Westland-area properties
Michael Copella, vice president of sales and leasing with Alterra Real Estate Advisors LLC, listed Cirilla’s adult novelty store for sale in December. By the end of January, he had a buyer for the property at 4056 W. Broad St.
Angio will move workers to new HQ
AngioDynamics Inc., a medical device company in Queensbury, will begin moving workers to its new headquarters in Latham within a couple of weeks.
Whole Foods seeking new start with expanded store on Lane Avenue
Whole Foods Market Inc. wants to demolish its store at the Shops on Lane Avenue and expand the building that once was a Wild Oats Market.
CMBS deals are showing new strain
A broad swath of Boston properties, including boutique hotels and high-profile office buildings, has landed on watchlists produced by the companies that collect debt payments on behalf of investors.
Leasing gets logistical lift
Third-party logistics companies are boosting industrial occupancy rates near the Port of Houston.
Greater Kansas City Chamber of Commerce is on track for a move to Union Station
The Greater Kansas City Chamber of Commerce has its board’s go-ahead to negotiate a lease for new quarters at Union Station. (EPR)
Ryan Cos. puts stake in TCF buildings on market
Ryan Cos. US Inc. is trying to sell a majority stake in two of its downtown Minneapolis office buildings, the TCF Tower and the adjacent TCF Bank Building.
Rasmussen moving HQ to Bloomington
Rasmussen College is moving its headquarters from Lake Elmo to Bloomington.
Earp Distribution places $25M order
Earp Distribution, the sole wholesale supplier for more than 400 McDonald’s restaurants in the Midwest, will break ground on a $25 million headquarters and distribution center in Edwardsville within the next 30 days.
Murphy works to ‘straighten up’ holdings
Gabe Murphy, who became one of the area’s first stars of the dot-com era, survived the bursting of the tech bubble. Now, Murphy is working to resolve lawsuits tied to his real estate enterprise.
S.F. unrolls red carpet to lure DreamWorks office
Dreamworks Animation is either San Francisco’s sexiest potential tenant or biggest tease.
Construction advances at NMSU’s industrial park
New Mexico State University’s Arrowhead Research Park is shaping up as a budding industrial hub.
Judge upholds challenge to large Rocklin retail center
A huge shopping center proposed for Rocklin has been dealt a blow from a judge’s ruling on environmental challenges to the project.
E.M. Harris grows project pipeline to $80 million
After seeing its revenue plummet 63 percent last year, E.M. Harris Construction now has an $80 million contract pipeline and is hiring.
Blue Diamond leases McClellan warehouse for storage
Blue Diamond Growers will expand its local operations with an 80,000-square-foot warehouse at McClellan Business Park, making it the sixth lease the former air force base has attracted during the past two months.
Placer mulls big-box at Bohemia
Environmental hearings have wrapped up on the most recent proposal by developer Jim Conkey to build one of the largest retail buildings in Auburn.
Chicago firm acquires Brookfield building for $5.8 million
A commercial real estate subsidiary of VK Development Corp. has sold an office building on North Executive Drive in Brookfield to a Chicago firm for $5.8 million.
Westling partners with Grunau on downtown office building
Bruce Westling is lining up an A-list of supporters for his proposed Park East office-and-movie-theater complex and expects to solidify within 60 days the tenants that would make the project feasible.
SAFCA takes part of Teal Bend golf course for levee work
Teal Bend Golf Club Inc., an 18-hole course along the Sacramento River, could be a couple of holes short this summer as work begins to widen the levee as part of a larger project to give the Natomas basin 200-year flood protection.
Loomans works to build green alliance
Sue Loomans was on her way to becoming a pilot in the U.S. Air Force, but had trouble overcoming negative g-forces and settled for a less flamboyant career as a climatologist and geographer after graduating from the Air Force Academy in 1987.
German fund to buy Bellevue tower
In what appears to be the biggest local real estate deal in nearly three years, a German investment fund is said to be paying a hefty price to buy a downtown Bellevue office tower occupied by Microsoft.
Construction firms finding health care work out of state
Milwaukee-area construction and design firms are beating the recession by going out of state, and in some cases out of the country, to work on health care projects.
NGenX moves to Louisville, plans two data centers
NGenX Corp., the technology arm of telecommunications company Q-Comm Corp., has expanded to Louisville with the opening of a 3,500-square-foot data center on Mason Avenue, off Logan Street south of East Broadway.
States meet deadline for earmarking highway funds
Every state made the economic stimulus bill’s March 2 deadline to commit 100 percent of their highway funds to specific projects.
Tishman Speyer hands Santa Clara Towers to Shorenstein
Tishman Speyer Properties walked away from its second Silicon Valley property in a year when it handed the keys to Santa Clara Towers to Shorenstein Properties LLC on March 1.
Salvation Army to open disaster center in Arlington
The Salvation Army has bought a 100,000-square-foot warehouse in Arlington to serve as a disaster services center.
Colliers International poised for move to Granite’s Uptown tower
Commercial real estate firm Colliers International appears to be among the first office tenants heading into a sleek Uptown tower that’s nearing completion.
Jobs bill approval would mean more road work
The U.S. Senate passed a $15 billion jobs bill on Feb. 24, which would fund more road and infrastructure work as part of a second round of stimulus money designed to reinvigorate the economy.
City council to vote on bonds for arts center
The Orlando City Council will vote March 8 on issuing $69 million in bonds to help finance the planned $383 million-$425 million Dr. P. Phillips Orlando Performing Arts Center.
Up for grabs: $158M Air Force base project
The design and construction of a new $158 million tactical command center at Patrick Air Force Base will be up for grabs this summer, said local real estate sources.
Fantasyland bid packages due out within 30 days
Requests for infrastructure subcontractor bids on Walt Disney World’s Fantasyland renovations will go out within 30 days, said industry sources.
Landing a Disney deal requires high standards
Getting a contract with Walt Disney World is no small feat.
Canadian firm buys shopping center for $5.9 million
A Canadian real estate firm bought an east Orlando shopping center for $5.9 million and plans to refurbish the property, which has had a vacant anchor space for nearly a year.
Controversial $1.2B plan seeks county approval
The owners of a 1,440-acre, 100-year-old cattle ranch in east Orange County will seek county approval on March 9 to develop the property into a controversial $1.2 billion, mixed-use community like Baldwin Park.
TECH WRECK: Tech boom and bust also wreaked havoc on the commercial real estate sector
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity ... we had everything before us, we had nothing before us.”
Cincinnati’s commercial real estate industry is in a crisis
Tom Herskovits rode a wave of rising real estate prices into Cincinnati. When the wave crashed, he became one of dozens of commercial property owners struggling to keep their heads above water.

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