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SAN DIEGO-Opus West Corp. and Grubb & Ellis/BRE Commercial announce plans for Opus Point, a 43-acre, two-phase development in Carlsbad. The project will include buildings ranging from 5,000 sf to 110,000 sf.
SAN DIEGO-Opus West Corporation and Grubb & Ellis/BRE Commercial announce plans for Opus Point, a 43-acre, two-phase development in Carlsbad. The project will include buildings ranging from 5,000 sf to 110,000 sf.
DETROIT-A national watchdog group says it is concerned about the future of many historic Detroit buildings. The National Trust for Historic Preservation listed "the historic buildings of Downtown Detroit" on its annual listing of the nation's 11 most endangered places.
PORTLAND-The disposition and development agreement calls for the owners of Portland-based Group MacKenzie and Lake Oswego, OR-based Coaxis to purchase the 91,000-sf building for $200,000 and then spend $8.6 million--in concert with up to $3 million in public subsidies--to renovate the upper floors for use as their companies' headquarters.
DENVER–A developer is capitalizing on the popularity of the redevelopment of the former Lowry Air Force Base into a mixed-use development, with 15 lofts in a rare warehouse in the established Montclair neighborhood at the edge of Lowry.
PHOENIX-Abart Properties III LLC, fueled by 1031 exchange money, buys a class A office building for $11.2 million in an off-market transaction with a local seller. The two-year-old building is 98% leased at sale time.
ORLANDO-The 25-year-old firm's 10-year lease has an estimated gross aggregate rent value of $10 million, Downtown office brokers familiar with the transaction tell GlobeSt.com. The deal brings the 258,321-sf building to about 98.6% occupancy.
CHICAGO-Enrico Plati will replace five buildings at 148-58 E. Ontario St. with a 51-story, 160-unit condominium building just east of the Magnificent Mile. Restaurants now occupy space in the buildings.
CHICAGO-Enrico Plati will replace five buildings at 148-58 E. Ontario St. with a 51-story, 160-unit condominium building just east of the Magnificent Mile. Restaurants now occupy space in the buildings.
LAS VEGAS-The $1.5-billion Cosmopolitan is being compared to Rodeo Drive, Times Square and Fifth Avenue. Backing the Cosmopolitan's mega-resort development are Ian Bruce Eichner, who's built more than $2 billion of mixed-use space in the Northeast and Florida; David Friedman, a gaming industry developer with credits like the Venetian and Sheldon Adelson; and an affiliate of Dune Capital Management LP, which is controlled by Steven T. Mnuchin.