Development

Facebook is donating $1 billion during the coming decade for California affordable housing, on the heels of Google's announcement earlier this year of a $1 billion housing stipend to help with the affordability crisis.

The has acquired a two-building office property with plans to redevelop it into creative office space with a total investment cost of $53 million.

Industry veteran Ben Seager joins the firm to lead and expand the 75-plus senior living platform.

The clean-up projects will facilitate the adaptive reuse of the properties for future use as parks, and business and residential properties.

Revenue for the 2019 third quarter surpassed the $213.5 million in third quarter 2018, and operating income for the quarter totaled $27.3 million versus $21.5 million in the prior year third quarter.

A joint venture was attracted to the Vistana due to the growth of downtown from the newly opened Frost Tower to the pending expansion of the UTSA campus and the reopening of the Alameda Theatre.

The 7.2 MW-rated solar installation at Iron Mountain's data center in Edison (NJE-1) is forecast to generate more than 9 Million KWhrs per year, which is enough electricity to power more than 1,000 homes for a year.

Portland was one of the nation's biggest movers as it jumped five spots to number 16 in the list of top 50 tech talent markets, a result of the city's recent tech expansion, according to a recent study by CBRE.