|  | | | Real Estate:Commercial headlines from the week of May 12, 2008 |
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| | Wed, 14 May 2008 21:29:09 GMT | | | Jacksonville is a city with a lot of positive attributes and a lot potential that stacks up well against other large cities, according to three leaders of national real estate companies who participated in a panel discussion in Jacksonville hosted by the area chapter of the National Association of Industrial and Office Properties. (CLP)
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| | Wed, 14 May 2008 20:40:22 GMT | | | The Bruin Fund, a $250 million opportunity fund based in Irvine, Calif., has purchased Oakwood Tower and One Lee Park West, two Class B, multi-story office buildings in Uptown/Turtle Creek.
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| | Wed, 14 May 2008 19:22:48 GMT | | | Real estate groups and chambers of commerce are moving forward with plans to take a property tax repeal vetoed by Gov. Janet Napolitano to the November ballot.
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| | Wed, 14 May 2008 18:54:16 GMT | | | More than 60 acres along the Anacostia River -- the site of the former D.C. General Hospital -- are set to become a new mixed-use neighborhood known as Hill East.
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| | Wed, 14 May 2008 16:59:56 GMT | | | A nine-building office and flex campus in Prince George's County has been sold to Rockville-based Beco Mangagement for $68 million.
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| | Wed, 14 May 2008 15:46:03 GMT | | | Atlanta real estate law firm Morris|Hardwick|Schneider has acquired Kalish & Associates P.C. of Newnan, Ga.
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| | Wed, 14 May 2008 14:19:58 GMT | | | Rockville-based Opus East LLC has its first tenant for a planned 2 million-square-foot complex in Aberdeen, Md.
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| | Wed, 14 May 2008 13:47:46 GMT | | | District commercial property holders will enjoy $21 million in savings for the year beginning Oct. 1, following the D.C. Council's May 13 passage of its 2009 budget.
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| | Tue, 13 May 2008 23:08:27 GMT | | | Christian Brothers University has named H. Lance Forsdick Sr. as its interim president after the untimely death of president Vincent Malham last week in an automobile accident.
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| | Tue, 13 May 2008 21:55:09 GMT | | | Commercial Vehicle Group Inc. has driven in expansion mode for the past few years, but the company's biggest move lately came less than a mile down the road. (CVGI)
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| | Tue, 13 May 2008 21:39:42 GMT | | | Levitt Corp. posted a first quarter loss as it continues to carry some of its bankrupt home-building subsidiary's expenses and overhead. (LEV) (BXG)
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| | Tue, 13 May 2008 20:20:11 GMT | | | A $149.54 million loan has been arranged to finance construction for the future home of Xcel Energy Inc. in Denver. (XEL)
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| | Tue, 13 May 2008 19:19:58 GMT | | | The Buzz Oates Group of Cos. has recently leased a 697,887-square-foot storage and distribution facility to Quaker Sales and Distribution Inc. in Tracy.
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| | Tue, 13 May 2008 18:43:02 GMT | | | Baltimore developer and banker Edwin F. Hale Sr. announced plans to add 31 acres of waterfront land to his Canton Crossing development, teaming with Greenberg Gibbons Commercial to help manage the project. (TGT) (XOM) (FMAR)
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| | Tue, 13 May 2008 16:32:01 GMT | | | Tenet Healthcare Corp. plans to sell 34 medical office buildings, including the Park Plaza Medical Center and the Fallbrook Building in Houston. (THC)
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| | Tue, 13 May 2008 16:30:06 GMT | | | The Colorado securities commissioner has ordered a Colorado real estate residential development company and its manager to stop selling unregistered securities, officials said Tuesday.
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| | Tue, 13 May 2008 16:16:24 GMT | | | Tenet Healthcare Corp. is planning to sell 34 medical office buildings nationwide, including two in Memphis. (THC)
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| | Tue, 13 May 2008 16:00:11 GMT | | | Apartments are hard to come by in the Denver area, especially in downtown Denver, according to a report released Tuesday.
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| | Tue, 13 May 2008 15:58:58 GMT | | | During his first meeting as CEO of The St. Joe Co., Britt Green assured shareholders that the company is still in a good position and poised for growth. (JOE)
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| | Tue, 13 May 2008 15:33:15 GMT | | | A Nashville start-up allows homebuyers to find out more about homes they're driving by without ever leaving their cars.
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| | Tue, 13 May 2008 15:08:09 GMT | | | InfoMedics Inc., a pharmaceutical services company, has moved from Woburn, Mass., to a 30,000-square-foot headquarters in Reading, Mass.
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| | Tue, 13 May 2008 14:22:21 GMT | | | Commercial buildings participating in the city's "Lights Out Houston" program during Earth Week saved about $55,000, or 495,000 kilowatt-hours of electricity, according to preliminary results.
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| | Tue, 13 May 2008 14:03:34 GMT | | | Kimco Realty Corp. Monday announced an October grand opening for SoDo, its $100 million mixed-use lifestyle center. (KIM)
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| | Tue, 13 May 2008 13:58:25 GMT | | | The Mall of America's $2 billion expansion plans have taken a turn, as legislative leaders worked to develop a new tax bill that would eliminate funding for the project which drew on the state fiscal disparities pool, a report in the Star Tribune detailed.
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| | Tue, 13 May 2008 13:34:42 GMT | | | A section of a parking deck in a SouthPark business park collapsed Tuesday morning. No injuries have been reported, and the cause of the collapse hasn't been determined.
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| | Tue, 13 May 2008 12:44:06 GMT | | | Roost.com on Tuesday announced it has added information on homes for sale in the Orlando and Tampa markets.
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| | Mon, 12 May 2008 23:53:28 GMT | | | Banana Republic has signed on as a new tenant at Watters Creek at Montgomery Farm in Allen.
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| | Mon, 12 May 2008 23:25:34 GMT | | | BNSF Railway Co. has bought 198 acres of land at the Dallas Logistics Hub in Lancaster and Dallas. (BNI)
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| | Mon, 12 May 2008 21:56:52 GMT | | | Liberty Property Trust has leased the second of two LEED-registered industrial buildings that the developer said were a first for Houston when they broke ground late last year. (LRY)
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| | Mon, 12 May 2008 21:55:54 GMT | | | Transportation company DHL Express USA will remain in its Dublin warehouse until 2014 under a recent lease renewal.
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| | Mon, 12 May 2008 20:24:58 GMT | | | Cousins Properties Inc.'s profit decreased about 68 percent in the first quarter. (CUZ)
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| | Mon, 12 May 2008 19:54:50 GMT | | | Home sales in the Milwaukee market continued to decline in April at a hefty pace, but the decline in for-sale listings slowed during the month, according to housing statistics released by the Multiple Listing Service.
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| | Mon, 12 May 2008 19:45:14 GMT | | | Stratus Properties Inc. earned $89,000 in the first quarter, down from $738,000 during the same period in 2007. (STRS)
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| | Mon, 12 May 2008 19:22:01 GMT | | | A Mexico furniture and appliances retailer is opening its first store in Austin at one of the former Albertson's grocery sites.
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| | Mon, 12 May 2008 19:21:00 GMT | | | The Texas Hospital Association is moving to a new downtown space.
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| | Mon, 12 May 2008 19:06:52 GMT | | | Kanaly Trust Co. is relocating from the Galleria area office building where it has operated for more than 30 years, but the moving trucks won't have far to go.
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| | Mon, 12 May 2008 18:00:36 GMT | | | Tyler Technologies Inc., a provider of information management services for local governments, plans to build a new office development in Lubbock as part of a future expansion of its software operations. (TYL)
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| | Mon, 12 May 2008 17:39:06 GMT | | | The District will lease the final parcel of land on the old convention center site to developers Hines and Archstone, where they'll build an upscale 400-room hotel and 100,000 square feet of additional retail space.
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| | Mon, 12 May 2008 17:20:15 GMT | | | NBS Real Estate Capital LLC acquired the Mayhew Tech Center, a 68,639-square-foot flex and office complex in Sacramento, for $9 million.
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| | Mon, 12 May 2008 14:57:32 GMT | | | A local development company is starting construction on a $50 million mixed-use commercial project in Kingsland, Ga.
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| | Mon, 12 May 2008 14:02:06 GMT | | | Daniel Clemente has created a $200 million private equity fund to buy office buildings in what he calls a "down market."
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| | Mon, 12 May 2008 12:58:21 GMT | | | The housing market may be shrinking but one local real estate firm is expanding. Elfant Wissahickon Realtors bought 2000-02 Pine St., a 1,750-square-foot building in Philadelphia, for $625,000 where it plans to open its first Center City office. The company already has three other offices in Philadelphia. The building was sold by a local architect. Michael Salove Co. and Elfant Wissahickon arranged the transaction ... (PEI)
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| | Mon, 12 May 2008 12:30:18 GMT | | | The Kinderhook Group, an independent, full-service real estate sales company in Chatham, N.Y., has a new owner.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Over the past year 71 Stevenson St. has established itself as a maverick among office towers.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A real estate investment fund run by the Ashforth Co. and Paradigm Capital Advisors paid $7.65 million for an industrial building in Philadelphia, marking its first foray into the city.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Three industrial deals totaling more than 100,000 square feet have brought Net Magan LLC's Memphis portfolio to 96% occupancy.
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| | Mon, 12 May 2008 04:00:00 GMT | | | From restaurants to video stores to big-box retailers, Memphis has seen numerous store closings in recent months, which contribute to increasing retail vacancy in the market.
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| | Mon, 12 May 2008 04:00:00 GMT | | | In four weeks, Liberty Property Trust will officially open Philadelphia's newest, greenest and most modern skyscraper.
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| | Mon, 12 May 2008 04:00:00 GMT | | | MALVERN -- Comcast Center is the largest building Liberty Property Trust has constructed and the largest single investment the company has made. The skyscraper also marks a new chapter for the real estate developer.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A spin-off company from Standard Register Co. soon will move out on its own.
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| | Mon, 12 May 2008 04:00:00 GMT | | | White Marsh manufacturer Pevco Systems International Inc. has signed a deal to move its headquarters to Baltimore Crossroads @ 95, becoming the second firm to do so and lending momentum to the 1,000-acre business park at a time when the pace of deals is slow.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Bethesda developer StonebridgeCarras has paid about $7.6 million for Nevamar Corp.'s former industrial land in Odenton, hoping to build an office and retail complex.
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| | Mon, 12 May 2008 04:00:00 GMT | | | General Growth Properties has sold two Owings Mills buildings -- the headquarters of CareFirst BlueCross BlueShield -- for $95 million after a legal battle stymied an earlier deal.
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| | Mon, 12 May 2008 04:00:00 GMT | | | JACKSONVILLE -- The wheels of economic progress might be slowing elsewhere, but for Ed Ash they've churned fast enough in the past year to increase his commercial real estate property square footage by 60 percent.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Gas prices are at record highs, businesses are cutting back on spending, and many of the nation's largest retailers are reporting quarterly losses.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Florida voters in November will have the option to cut their property taxes by about 30 percent -- a move that would create an estimated $9 billion hole in school funding.
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| | Mon, 12 May 2008 04:00:00 GMT | | | DAVIS ISLANDS -- Drive over the only bridge onto Davis Islands. Stop in the heart of the commercial district, mostly that long block between Biscayne and Barbados avenues. Close your eyes briefly and reopen them.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Metro Orlando has the most high-tech industrial space in Florida -- about 1.24 million square feet, says a new quarterly report by Cushman & Wakefield Inc.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Speculative industrial construction in Orlando continues to surge, despite the nationwide economic slowdown.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Mark Pitliangas is bulking up his portfolio of buildings on Olive Street, with plans to add a restaurant and wine bar to the downtown scene.
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| | Mon, 12 May 2008 04:00:00 GMT | | | A newly built cement block manufacturing plant will remain vacant on Lake County's tax rolls for the foreseeable future.
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| | Mon, 12 May 2008 04:00:00 GMT | | | The former Crownsville Hospital Center could soon be sold to developers, though building on the 532-acre property could be a greater challenge than the competition to buy the coveted land from the state.
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| | Mon, 12 May 2008 04:00:00 GMT | | | The following information about sales was released to the Tampa Bay Business Journal:
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| | Mon, 12 May 2008 04:00:00 GMT | | | In a period of ulcer-inducing electricity costs, most businesses want to pay bills based only on the amount of energy they actually use. But for many businesses in the District -- unlike in Virginia and Maryland -- doing so would break the city's law.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Land sales have dropped dramatically in the Washington area because of the credit crunch and economic slowdown, but two local real estate companies have created an alliance to prepare for the rebound.
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| | Mon, 12 May 2008 04:00:00 GMT | | | The debt crunch has pushed back the start of construction on downtown Denver's much-anticipated $200 million Two Tabor Center office tower to the summer.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Last year, the Boy Scouts of America Capitol Area Council Inc. trained nearly 2,000 den leaders and scoutmasters at churches and community centers across Central Texas.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Even as the Defense Department nears a decision on where to move its Washington Headquarters Services, it is quietly renewing nearly 775,000 square feet, keeping the agency in Crystal City for at least two years past the 2011 target date set three years ago by a base-closing commission.
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| | Mon, 12 May 2008 04:00:00 GMT | | | Former colleagues are being reconnected as real estate heavyweight
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| | Mon, 12 May 2008 04:00:00 GMT | | | Planners at a pair of local governments are scrambling to deal with the spinoff from the pending shake-up of military jobs in the Washington area.
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