Archives

Tom Bermingham Joins USAA Real Estate Company’s Northeast U.S. Office as Managing Director, Investments

San Antonio, TX - January 08, 2012 - (RealEstateRama) -- USAA Real Estate Co. is pleased to welcome Thomas V. Bermingham as managing director of investments, overseeing acquisition, development and joint venture opportunities for USAA Real Estate Co.’s newly opened Northeast regional office, located in New York City. In his role, Bermingham will work with USAA’s investment management team to refine asset strategy in key northeast markets including New York, New Jersey, Connecticut and Boston.

USAA Real Estate Co. Affiliate Acquires 2.8 Million Square Foot Industrial Portfolio in Atlanta

WASHINGTON, D.C. - October 18, 2012 - (RealEstateRama) -- A USAA Real Estate Co. affiliate recently acquired an industrial portfolio, consisting of three Class A bulk distribution warehouses located in major submarkets of Atlanta, Georgia. The 2,798,488-square foot portfolio is 100% occupied by Home Depot USA, Inc., Owens Corning Insulating Systems, LLC and PETCO Animal Supplies Stores, Inc. Each building utilizes modern cross-dock distribution with ESFR sprinklers, T-5 lighting and spacious truck courts and storage

USAA Real Estate Company President & Chief Operating Officer Len O’Donnell to Serve as...

San Antonio, TX - October 1, 2012 - (RealEstateRama) -- Leonard J. O’Donnell, president and COO of USAA Real Estate Company in San Antonio, Texas, will participate in the “American Afternoon” at EXPO REAL, Europe’s largest real estate conference which will take place October 8 – 10 at the New Munich Trade Fair Centre in Munich, Germany.

Admiral Capital Real Estate Fund and SDM Partners Acquire 200 Ashford Center North

Atlanta, GA - September 28, 2012 - (RealEstateRama) -- San Antonio-based Admiral Capital Real Estate Fund and SDM Partners, an Atlanta-based private commercial real estate investment firm, have acquired 200 Ashford Center North, a 160,000-square-foot, six-story Class A office building in Atlanta’s Central Perimeter submarket. SDM Partners’ Managing Principal, Steven D. Martin, led the negotiations on the transaction.

Construction Begins on Phase II of Midtown Commons

Austin, TX - July 12, 2012 - (RealEstateRama) -- Trammell Crow Company, through its wholly owned subsidiary High Street Residential, in partnership with USAA Real Estate Company, has broken ground on Phase II of Midtown Commons, a new multi-family community that will feature a four-story, 189,419 square foot building comprised of 246 Class A luxury residential units. In addition, the project will feature a 98,156 square foot, five-level parking structure with 296 spaces. Phase II is located adjacent to Phase I near the intersection of Lamar Blvd and Airport Blvd, next to the Cap Metro Crestview Rail Station. First units will be delivered in early 2013

USAA Real Estate Company Acquires Interest in Square Mile Capital Management

WASHINGTON, D.C. - March 12, 2012 - (RealEstateRama) -- USAA Real Estate Company and Square Mile Capital Management LLC, a New York City-based real estate investment firm, announced today that the two companies have joined forces, with USAA Real Estate Company making a strategic investment in Square Mile. The amount of the investment was not disclosed.

EPA RECOGNIZES USAA REAL ESTATE COMPANY WITH 2012 ENERGY STAR® SUSTAINED EXCELLENCE AWARD

WASHINGTON, D.C. - March 6, 2012 - (RealEstateRama) -- The U.S. Environmental Protection Agency (EPA) has awarded USAA Real Estate Company a 2012 ENERGY STAR Sustained Excellence Award in recognition of its continued leadership in protecting our environment through energy efficiency. USAA Real Estate Company’s accomplishments will be recognized at an awards ceremony in Washington, D.C. on March 15, 2012, which marks the 20th anniversary of ENERGY STAR

USAA Real Estate Company to Develop Distribution Center in Inland Empire, California

WASHINGTON, D.C. - February 13, 2012 - (RealEstateRama) -- USAA Real Estate Company announces the acquisition of 26 acres of land in Moreno Valley, California for the immediate development of a 522,772 square foot, state-of-the-art distribution center....

Trammell Crow Company and USAA Real Estate Company Announce New Carlisle, PA Distribution Facility

San Antonio, TX - January 23, 2012 - (RealEstateRama) -- Trammell Crow Company and USAA Real Estate Company have announced that they are breaking ground on a 700,000 square foot Class A speculative distribution facility at Mountain Creek Distribution Center in Carlisle, PA.

Will McIntosh Joins USAA Real Estate Company as Global Head of Research

WASHINGTON, D.C. - January 10, 2012 - (RealEstateRama) -- USAA Real Estate Company is pleased to welcome Will McIntosh, Ph.D. as Global Head of Research, providing research-based direction for real estate investing by analyzing and synthesizing economic, demographic, real estate, and capital markets data. In his role with USAA, McIntosh will provide both top-down and bottom-up research on markets and properties in addition to providing recommendations and direction on market and asset selection.

USAA Real Estate Company Executive Managing Director Susan Wallace to Serve as Panelist at...

San Antonio, TX - October 3, 2011 - (RealEstateRama) -- Susan Wallace, Executive Managing Director, Private Equity Group with USAA Real Estate Company has been invited to participate in the 2011 EXPO REAL Investment Locations Forum, to take place October 4 – 6 in Munich, Germany.

USAA Real Estate Company Receives “Best of Best” Recognition

WASHINGTON, D.C. - September 28, 2011 - (RealEstateRama) -- USAA Real Estate Company received high rankings as one of the largest developers in the nation by National Real Estate Investor’s 2011 Best of the Best, an annual survey that tracks trends among the commercial real estate companies in the nation.

DEXUS-Developed LEED Certified Freezer Facility Sells For $91.5 Million

August 19, 2011 - (RealEstateRama) -- DEXUS Property Group today announced the sale of a LEED-certified 496,000 square feet freezer facility in Riverside, California. USAA Real Estate Company owned and sold the building as well as furnished all of the development capital for the facility. Developed by DEXUS and completed in only ten months, the specialized building was sold for $91.5 million and is one of the largest and leading state-of-the-art LEED-certified cold storage facilities in the world.

USAA Real Estate Company & JLB Partners Launch First Venture

Atlanta, GA - August 19, 2011 - (RealEstateRama) -- USAA Real Estate Company and national developer JLB Partners, LP formed a joint venture to develop Buckhead Village, a Class-A multi-family community in Atlanta, Georgia. This constitutes the first transaction between the two companies, launching this relationship.

The Station at Othello Park in Southeast Seattle Awarded LEED Silver Status by U.S....

WASHINGTON, D.C. - June 22, 2011 - (RealEstateRama) -- Characterized by its innovative environmental and sustainable features, The Station at Othello Park development in Southeast Seattle now represents the first mixed-use project on Seattle’s Central Link light rail to earn prestigious LEED (Leadership in Energy and Environmental Design) Silver certification from the U.S. Green Building Council.

USAA Real Estate Company Affiliate Announces Sale of 5th Street Crossing In Garland, Texas

June 21, 2011 - (RealEstateRama) -- USAA Real Estate Company announced the sale of 5th Street Crossing, a mixed-use, transit-oriented development located on 3 acres at 351 North 5th Street in Garland’s Old Town Station. The property was sold to Minneapolis-based, Oaks Properties LLC for an undisclosed sum. Mark Stymiest with CB Richard Ellis Group, Inc. represented the seller in the transaction.

The DESCO Group Closes Venture with USAA Real Estate Company

WASHINGTON, D.C. - May 20, 2011 - (RealEstateRama) -- The DESCO Group of St. Louis today announced USAA Real Estate Company of San Antonio as its new equity partner in the ownership of 28 shopping centers totaling over 2.3 million square feet and anchored by Schnucks supermarkets in Missouri, Illinois, Indiana, and Tennessee. DESCO will be the managing member of the new venture

USAA Real Estate Company Announces Sale of Single Tenant Net Lease Retail Portfolio

May 2, 2011 - (RealEstateRama) -- USAA Real Estate Company announced the sale of a Single Tenant Net Lease Retail Portfolio, consisting of 16 properties spanning several U.S. markets. The portfolio was purchased by an affiliate of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups. Details of the purchase agreement were not disclosed.

USAA Real Estate Company Earns EPA’s ENERGY STAR® for Superior Energy Efficiency

March 18, 2011 - (RealEstateRama) -- USAA Real Estate Company has earned the U.S. Environmental Protection Agency’s (EPA’s) prestigious ENERGY STAR, the national symbol for protecting the environment through superior energy efficiency. This signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency. USAA Real Estate Company’s accomplishments will be recognized at an awards ceremony in Washington, D.C. on March 18, 2010. USAA Real Estate Company is the only real estate company in America that has won nine ENERGY STAR awards.

FBI Chicago Building Receives “The Outstanding Building of the Year Award” from BOMA Chicago

February 24, 2011 - (RealEstateRama) -- USAA Real Estate Company is pleased to announce that the Federal Bureau of Investigation Regional Facility located in Chicago, Illinois recently has been awarded The Outstanding Building of the Year Award (TOBY) in the highly competitive Chicago market.

Business Real Estate Press Releases

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Distinctive Single-Family Homes in Costa Mesa Win Design Award

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2018 SoCal Awards program. Vitae in Costa Mesa received the SoCal Award for “Best Design Detached Home Under 2,000 SF.” This year’s competition drew more than 500 entries.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Number of Real Estate Teams is Growing, NAR Survey Finds

Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.