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LITTLETON, CO-Thanks to pro bono work from a local law firm, the Colorado Humane Society & S.P.C.A., Inc. will increase the size of its facility by 10 times with a $3-million project.
SEATTLE-Microsoft joins the Northern Virginia high-tech community this week, opening is $25 million Innovation and Technology Center in Reston, Va. The goal of the facility is to bring jobs and new technology investment to the region.
PHILADELPHIA-Jenkintown, PA-based American Financial Resource Group transformed into a REIT Sept. 10 in a private offering that raised $400 million. Its portfolio begins with a predecessor's 87 properties, primarily bank branches, and expects to add 250 more this month.
ATLANTA-Seven separate leases, valued at an estimated $8.22 million and ranging from 12,700 sf to 2,800 sf, are filling the 21-story, 560,000-sf, class-A building in Buckhead that was completed late last year by New York-based Trizec Properties Inc. Average rental rates range from $26.90 per sf to $28.12 per sf.
ATLANTA-The class C multifamily property on Campbellton Road was built in 1970 and was 94%-occupied at the time of the sale. It consists of a mix of two-bedroom apartments and two- and three-bedroom townhouses. Rental rates average about $675 a unit.
NEW YORK CITY-Situated on a 7.5-acre parcel in Hauppauge, NY, the Woodlands Office Park was acquired last year by Metropolitan Realty Associates and is undergoing a major redevelopment that is attracting a raft of new occupants.
GEORGETOWN, TX-The gaping hole will be three tracts, totaling five blocks, near the historic square in the Williamson County seat. With the marketing team now in place, the talk is focusing on mixed use to replace Mac Haik Ford when it moves to the interstate.
SACRAMENTO-Two apartment complex owners have refinanced their properties, taking advantage of favorable refinancing conditions as mortgage rates have dropped to a 30-year low.
PHOENIX-This year's Toby Award winners are the Brookstone Building, Wells Fargo Plaza, American Express Service Center, Integrated Medical Plaza and the previously announced, Two Renaissance Square.
DETROIT-The 250,000-sf NextEnergy facility at Wayne State's University Research and Technology Park will provide space for research into fuel alternatives. Detroit wrests the new building from a location in the suburbs.