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European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
online.wsj.com 2010-03-10
BofA Lawyers Rebuked in Cabi Case
BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.
online.wsj.com 2010-03-10
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.
bizjournals.com 2010-03-10
Construction begins on $23M forensic hospital
Crews have begun construction on the Arizona State Forensic Hospital at 2500 E. Van Buren St. in Phoenix.
bizjournals.com 2010-03-10
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.
bizjournals.com 2010-03-10
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.
bizjournals.com 2010-03-10
CapStone makes move into Cary
CapStone Bank, a Raleigh-based business lender, is opening a loan production office in Cary.
bizjournals.com 2010-03-10
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)
bizjournals.com 2010-03-10
Baynes buys downtown landmark
The former home of the Buffalo Corn Exchange has been acquired by a prominent civic leader.
bizjournals.com 2010-03-10
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.
bizjournals.com 2010-03-10
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)
bizjournals.com 2010-03-10
Keller Williams Realty adds 375 agents
Keller Williams Realty Inc. has assumed a Southern Arizona real estate group, adding 375 workers and seven offices.
bizjournals.com 2010-03-10
Wells REIT II buys Sterling Commerce HQ
Wells Real Estate Investment Trust II bought the headquarters of AT&T subsidiary Sterling Commerce in Columbus, Ohio, for an undisclosed amount. (DRE)
bizjournals.com 2010-03-10
Pima Commerce Center condo sells for $2.5M
A 12,200-square-foot office condo in Scottsdale sold for $2.5 million.
bizjournals.com 2010-03-10
Sheraton Keauhou to renovate rooms
The Big Island’s Sheraton Keauhou Bay Resort & Spa on Tuesday announced renovation plans.
bizjournals.com 2010-03-10
Kansas City Area Development Council will negotiate for a Union Station lease
The board for the Kansas City Area Development Council on Wednesday approved a measure to proceed with lease negotiations to move to Union Station.
bizjournals.com 2010-03-10
Brasfield & Gorrie wins Mississippi hospital contract
Brasfield & Gorrie said it was awarded a contract to add to and renovate a $23 million regional hospital in Mississippi.
bizjournals.com 2010-03-10
Carr Properties names new CFO
Washington-based Carr Properties has named former Colonial Properties Trust finance chief Weston Andress as president and chief financial officer.
bizjournals.com 2010-03-10
Georgia loses 4,700 construction jobs in Jan.
The construction workforce continued to get smaller nationally and in Georgia in January, according to data published Wednesday by the Associated General Contractors of America.
bizjournals.com 2010-03-10
Ten cities managing to weather the recession
Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country. Washington DC - Weather - Recession - United States - Washington
pheedo.msnbc.msn.com 2010-03-09
General Growth Lines Up More Capital
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.
online.wsj.com 2010-03-09
Marriott Expands in Europe
Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan.
online.wsj.com 2010-03-09
General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
online.wsj.com 2010-03-09
Leona Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House on Manhattan's Upper East Side is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and New York developer Extell Development for about $170 million.
online.wsj.com 2010-03-09
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)
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
Northrock Business Park secures lease from Universal Ensco
Houston-based Universal Ensco Inc. will lease 4,000 square feet at Northrock Business Park.
bizjournals.com 2010-03-09
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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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
Hines' first Camelback/24th building goes gold
The Hines building at 24th and Camelback has been certified LEED gold for existing buildings.
bizjournals.com 2010-03-09
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)
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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)
bizjournals.com 2010-03-09
InterContinental Stephen F. Austin opening lounge
The downtown InterContinental Stephen F. Austin is transforming its lobby cafe into a lounge, the company said Monday.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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)
bizjournals.com 2010-03-09
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)
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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)
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
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.
bizjournals.com 2010-03-09
Reid Sanders joins Mid-America Apartment board of directors
Memphian W. Reid Sanders is joining Mid-America Apartment Communities’ board of directors. (MAA)
bizjournals.com 2010-03-09
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