Fairview Center, the first acquisition by Taurus Investment Holdings in the Charlotte market, will now be managed by Cushman & Wakefield. Taurus acquired Fairview Center, a two building, 182-841-square-foot office property, in September 2021 for $46.25 million. The property is currently 92% leased. “One & Two Fairview Center are extremely well-located assets in the SouthPark …
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After announcing three new retailers at Water Street Tampa in August, Strategic Property Partners will be adding Wagamama to Water Street’s robust dining scene. This will be the iconic global restaurant brand’s first location in Florida. The 4,200-square-foot Asian-fusion restaurant will offer its signature noodle dishes, ramen, shareable dishes and craft cocktails. Water Street spans …
Tri Global Energy (TGE), originator/developer of utility-scale wind and solar energy projects, celebrated National Clean Energy Week and affirms that clean energy is the future of Texas and America. TGE is commanding more than a 20 percent share of Texas wind energy under construction and in advanced development. In the total U.S. market, Tri Global …
Real estate manager Darlene Donovan has been named vice president of operations and business development for Embrey Management Services (EMS), the multifamily property management division of Embrey. She brings more than 30 years of operational leadership experience, and specializes in evaluating and maximizing asset performance, new construction development and leasing, financial analysis and underwriting, and …
Austin-based Pearlstone Partners’ residential development Cascade Condominiums has completely sold out. Prospect Real Estate is the exclusive listing agent for the property. “We began Cascade Condominium pre-sales last November and immediately saw a high level of interest, particularly among young professionals,” said Denise Bodman, Prospect Real Estate vice president. “Our predominant buyer mix also includes …
Texas Tower will soon offer The Square, Hines’ flexible office product, according to Hines and Ivanhoé Cambridge. The new location known as The Square at Texas Tower will be self-managed and a direct extension of Hines’ property management services. Comprised of 18,000 square feet on the mezzanine level overlooking the Texas Tower lobby, The Square …
Comunidad Partners secured a $300 million financing commitment through Bellwether Enterprise and Freddie Mac that supports the creation or preservation of affordable workforce housing throughout the United States. The initiative is backed by Freddie Mac’s Tenant Advancement Commitment, which offers competitive financing to operators who agree to maintain or enhance affordability for the duration of …
The Texas Division of Emergency Management (TDEM), in partnership with the city of Amarillo, will launch a new COVID-19 therapeutic infusion center in Amarillo. The infusion center has been provided with monoclonal antibodies to treat COVID outpatients who have a referral from a doctor. This treatment is available at no cost to the patient. “Our …
The site of the long-vacant 1.3-acre post office property at 220 Park Rd. will finally get a new lease on life. The development will consist of 185,000 developable square feet of office and retail space in the center of downtown Burlingame. Sares Regis Group of Northern California and Dostart Development Company are working in a …
Zego and CheckAlt have formed a strategic partnership to launch Zego Pay Lockbox. This service helps customers outsource paper-based payment handling with the goal of 100 percent digital payments. Zego Pay Lockbox is a comprehensive payment solution that gives residents the flexibility of paying by check, while automating the end-to-end receivables process for property managers …
Two industrial warehouse complexes in separate locations in Chino, CA are now underway. Combined, the two speculative ground-up development projects will add 626,000 square feet of industrial space to the Inland Empire West submarket. Euclid Industrial Park and Chino Commerce Park by Alere Property Group will provide a range of product sizes to accommodate a …
Waterford Property Company in partnership with California Statewide Community Development Authority (CSCDA) recently acquired two multifamily properties in Orange, CA totaling 356 units. The Orange City Council voted 7 to 0 to approve the acquisitions last month. The acquisitions include Cameo, a 262-unit multifamily community located at 1055 W. Town and Country Rd., for $149 …
A 173,134 square-foot class-A industrial property in the Los Angeles County submarket of Pico Rivera, CA, recently sold for $63 million. The asset was purchased by Chicago-based industrial real estate investment company CenterPoint Properties from the occupant in an off-market sale-leaseback transaction, according to Jordan Lara, an executive vice principal at DAUM Commercial Real Estate …
The U.S. Food and Drug Administration recently authorized the Pfizer-BioNTech COVID-19 vaccine for boosters for those older than 64 and high-risk individuals. Gov. Gavin Newsom recently released a COVID-19 Vaccine Action Plan that outlines how the state will immediately begin administering doses to eligible Californians. “California continues to lead the nation in both vaccines administered …
105 Edgeview, a 186,231-square-foot class-A office asset in the Interlocken Advanced Technology Environment in Broomfield, CO, recently sold for $59.1 million. The buyer was undisclosed. 105 Edgeview is 100 percent leased to eight tenants and anchored by Gogo Inc., a global aero-communications service provider which will establish aviation’s first and only 5G air-to-ground network in …
Accolade, a 548-unit multifamily asset in Phoenix, recently sold for $155 million or $282,847 per unit. The transaction is one of the top five largest multifamily sales on record in Arizona by total purchase price. Institutional Property Advisors’ (IPA) Steve Gebing and Cliff David represented the seller, Weidner Apartment Homes, and procured the buyer, Knightvest …
Leasing efforts are underway for Prato District Technology Center, a class-A creative/flex campus in Tukwila, WA, part of a land lease between Ryan Companies US Inc. and Segale Properties. The Prato District is comprised of 250 contiguous acres of pad-ready properties to support up to 10.3 million square feet of new commercial and residential development. …
Home Plate Center, a two-building class-A multi-tenant office campus in the South of Downtown/Pioneer Square (SODO) submarket of downtown Seattle, recently sold to Jamestown. The property is LEED Gold certified and the newest institutional office asset to be delivered in the SODO submarket. Newmark’s Kevin Shannon, Nick Kucha, Ken White, Rob Hannan, Michael Moll and …
Venture capital firm Fifth Wall, which focuses on proptech investments, wants to see commercial real estate put its money where its mouth is when it comes to climate change and decarbonizing the industry. The firm’s recently launched Climate Tech Fund has raised more than $140 million toward a $500-million goal, with participation from Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge and Kimco Realty Corporation. Los Angeles-based Fifth …
“Buy land; they’re not making it anymore.” Newmark’s Lisa Denight cites the famous quote from Mark Twain to underscore an issue the 19th century humorist and author couldn’t have anticipated: “Demand for modern industrial facilities to support supply chain evolution continues to sustain a historic development boom, which has strained a finite resource: land.” An average of 117,000 acres of land …
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