Archives

CIRCA LIGHTS UP DOWNTOWN LOS ANGELES WITH LARGEST-OF-ITS-KIND LED DISPLAY

Circa, one of Downtown Los Angeles’ most dynamic mixed-use developments, has illuminated 18,000 square feet of LED displays that span the length of a city block and dazzle thousands of daily visitors as the project approaches its anticipated summer grand opening.
Kennedy Wilson

Kennedy Wilson Represents Landlord in One of This Year’s Largest Restaurant Leases in DTLA...

Wilson, a global real estate investment and services firm, announced today that it has represented the landlord in one of the largest restaurant leases in Downtown Los Angeles this year, bringing the ground-floor retail space at mixed-use development 1000 Grand by Windsor to 100 percent occupancy.
McCormick Construction

McCormick Construction Announces Groundbreaking of Evolution Warner Center Multifamily Development

McCormick Construction, in conjunction with developer, Evolution Strategic Partners, has announced the groundbreaking of Evolution Warner Center, a 277-unit luxury residential multifamily development. The 426,000-square-foot, transit-oriented development is located at 6606 N. Variel Ave. in the heart of the Warner Center neighborhood. Construction cost is estimated at nearly $60 million.

Kennedy Wilson Represents Seller in the Sale of Notable San Diego Office Property in...

Global real estate investment and services firm, Kennedy Wilson , has negotiated a two-part sale of the ground lease and underlying fee interest in land located at 1420 Kettner Blvd. in the Little Italy submarket of San Diego, California. The seven-story building is comprised of approximately 123,000 square feet of commercial office space and sits on a 2.6-acre parcel of land.

Illuminate Face & Body Bar Taps Kennedy Wilson Duo for Los Angeles Expansion

LOS ANGELES – Sept. 20, 2017 - (RealEstateRama) -- Global real estate investment and services firm Kennedy Wilson has been tapped as the official...
BOMA

BOMA INTERNATIONAL HONORS FOUR REGIONAL MEMBERS

The Building Owners and Managers Association (BOMA) International honored four of its members with the Regional Member of the Year Award during the 2017 BOMA International Conference & Expo in Nashville, Tennessee, in late June. Regional Member of the Year Awards are given annually to BOMA members who have demonstrated an outstanding commitment and contribution to both the association and the commercial real estate industry.
Calmwater Capital

Calmwater Capital Originates $7.6 Million Loan for WSU Student Housing

Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.
Kennedy Wilson

DTLA’s South Park by Windsor Retail Space Reaches 100-Percent Occupancy

Kennedy Wilson, a global real estate investment and services firm, has announced the closing of three 10-year leases with major national retailers at the South Park by Windsor mixed-use property in Downtown Los Angeles (DTLA), bringing the ground-floor retail space to 100-percent occupancy. The property is one of South Park’s newest mixed-use high rise developments to recently open.
Calmwater Capital

Calmwater Capital Provides $36.7 Million for Mountains Edge Marketplace in Las Vegas

Calmwater Capital, a leading, national direct real estate lender, has originated a $36.7 million loan for Remington Nevada to refinance existing debt and finance remaining construction of the Mountains Edge Marketplace in southwest Las Vegas. Once completed, the 101,000-square-foot retail property, anchored by Albertsons, will be located at the corner of Blue Diamond Road and South Buffalo Drive, adjacent to the Mountains Edge master planned community.
JLL

JLL Expands Retail Agency Leasing Team in Atlanta

JLL Atlanta today announced two additions to the company’s Atlanta retail brokerage group. The firm has hired Coleman Morris as a Vice President and Jessica Condon as a Senior Associate. The additions are part of JLL’s continued retail brokerage growth in the Atlanta market.
JLL

CRG Developing Two Building 1.7 Million Square Foot Spec Distribution Center Near Port of...

CRG has engaged JLL to market and lease a 1.7 million square foot speculative industrial development in Savannah. CRG, the real estate development arm of Clayco, purchased two parcels of land for the project last year. Steve Grable, SIOR and Chris Tomasulo of JLL represented CRG in the land acquisition from Dallas-based Stratford Land.
JLL

Adventure Air Sports Bounces into Kennesaw’s Town Center Plaza

Adventure Air Sports, a state-of-the-art family entertainment center, has signed an eight-year lease at Town Center Plaza in Kennesaw, GA. It is the company’s first location in Georgia
JLL

Raleigh-Durham Surprises as City to Watch

London and Silicon Valley heading up the Global Top 30 on JLL’s 2017 Investment Intensity Index? Not surprising. But Raleigh-Durham, Austin and Denver also making the list? Now that’s interesting. It’s because these smaller powerhouses are punching above their weight in proportion to their local GDP and going head-to-head with highly globalized markets that are traditionally more attractive to investors.
Noid Memphis

JLL Selected to Market Former Bayer Campus in Memphis

Bayer U.S. has hired JLL to market for sale or lease its 43-acre, six building, 1 million-square-foot research and development center in Memphis. “The 43-acre former Bayer Research and Development campus represents an ideal redevelopment opportunity for healthcare corporations and other users seeking well-located sites in and around the Mid-South region,” said Jack Wohrman, SIOR, JLL Vice President.
JLL

Financings Spur Value-Add Investment for Birmingham Apartments

JLL’s Capital Markets experts today announced the firm provided financing for the acquisition of Goodall-Brown Lofts and Fix Play Lofts, two multifamily assets located in Birmingham, Alabama. Highland Real Estate Capital purchased the buildings.
Brad Pope

JLL lands top NAI Brannen Goddard broker

JLL has hired Brad Pope, one of Atlanta’s top industrial brokers, as a senior vice president in JLL Atlanta’s Industrial Group. Pope will focus on agency listings and corporate services brokerage.
JLL

JLL Named a World’s Most Ethical Company for 10th Consecutive Year

Jones Lang LaSalle Incorporated (NYSE: JLL) has been recognized by the Ethisphere Institute as a 2017 World’s Most Ethical Company®. The honor acknowledges, for the 10th consecutive year, the strong principles of business and professional ethics that are inherent in JLL’s values, culture and strategy as well as its interactions with clients, customers, vendors and employees. The Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices.
Calmwater Capital

CALMWATER CAPITAL PROVIDES ACQUISITION AND REDEVELOPMENT LOAN FOR PNC PLAZA BUILDING IN DOWNTOWN COLUMBUS

Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Companies for its acquisition and redevelopment of a 362,720-square-foot office building in Downtown Columbus, Ohio. The sponsor plans to redevelop the property, located at 155 E. Broad St., into a mixed-use property comprising residential, office and hotel space.

Z Gallerie to Open 225,000 Square-Foot Warehouse in Lithia Springs

JLL announced today it has represented Z Gallerie in its plans to open an east coast distribution and customer service center at Skyview Business Center in Lithia Springs, west of Atlanta. The distribution center is expected to create 115 jobs and be fully operational by 2019. JLL Senior Vice President Steve Grable, SIOR and Executive Vice President Barry Hill represented Z Gallerie in the lease negotiations

La Fête Chocolat Opens First U.S. Location in Atlanta

La Fête Chocolat, one of South America’s largest high-end chocolate manufacturers, opened its first U.S. retail location at Lenox Square Mall in November. Lenox Square Mall is one of the premier shopping destinations in the Southeast with nearly 250 specialty stores. JLL’s Retail team, led by Senior Vice President Sarah Williams and Senior Associate Logan Elder, represented La Fête

Business Real Estate Press Releases

Dan Riley JVDirectorChair

National Broker Portal Names New Board Member, Chair

The Board of Managers of the National Broker Portal, a joint venture between Broker Public Portal (BPP) and Homesnap, today announced Daniel J. Riley, Esq., of Howard Hanna Real Estate Services, has joined its Board and become its Chairman. Riley is Executive Vice President of Administration at Howard Hanna, ranked as the third largest real estate firm in the U.S. by REAL Trends

Recent Gov & Nonprofit Real Estate Press Releases

Abode Communities

Affordable Housing Developers Welcome Mayor Eric Garcetti, Councilman Joe Buscaino

Abode Communities and Mercy Housing California, together with the Housing Authority of the City of Los Angeles (HACLA), will celebrate the grand opening of Camino del Mar and Vista del Mar, 176 service-enhanced affordable family homes in the Wilmington neighborhood of Los Angeles.