Banner Bank Promotes Jim McLean to Lead CRE Lending

Banner Bank promoted Jim McLean to EVP of its CRE lending division, and a member of  the bank’s executive management committee. McLean is filling the position vacated by Doug Bennett, who retired after more than 30 years with the Washington-chartered commercial bank. McLean now leads a team of nearly 80 employees throughout the Banner Bank’s

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Industrious Expands Footprint in Charlotte

Industrious expanded its presence in Charlotte, with the addition a new location in the North of Davidson (NoDa) neighborhood. The flexible workspace provider claimed 20,000 square feet in a recently-renovated warehouse at 436 E 36th St., in partnership with building owner Asana Partners. Industrious’ Melissa Bessler says, “As the first national co-working provider in NoDa,

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Construction Begins on 187-Unit Cardinal Crossing Townhomes

Gray Point Homes broke ground on Cardinal Crossing, a 187-unit residential townhome development in Pflugerville, TX. Cardinal Crossing is the developer’s first townhome development in its 25-year history. Gray Point operates under the auspices of Gehan Homes. Located less than two miles from Interstate 35 and SH 130, the project will consist of floor plans

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Live Nation Eyes American Stock Exchange for Indoor Venue

Live Nation wants to build a 3,000-seat concert venue in Lower Manhattan, Crain’s New York Business reported. The concert promoter and ticket seller made its first public presentation of the plan at a community board meeting Wednesday evening. The company and its partner in the venture, Legends, are seeking approvals to lease about 80,000 square

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Walton Street, Alberta Acquire Denver-Area Shopping Center

Harvest Junction, a 367,918-square-foot, fully-leased shopping center in the Denver-area community of Longmont, CO, has traded hands, reportedly for more than $61 million. Walton Street Capital, L.L.C. and Alberta Development Partners purchased the asset from RPT Realty. Situated on a combined 46.15 acres at 205 and 210 Ken Pratt Blvd., the property is located along a dominant east-west

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Baton Rouge: The Retailer Launch Pad to Louisiana

Many retail companies interested in setting up shop in Louisiana are making their first stop in the state’s capital city of Baton Rouge, and expanding from there. In early March, Buc-ee’s, the Texas rest stop and convenience store chain announced it would place its first Louisiana location at the Greens of Millerville. Meanwhile, Main Event

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Starwood Sells Leasehold in Westin Maui for $317M

April 5, 2017 A JV between funds managed by Honolulu, HI-based Trinity Investments, LLC and funds managed by Los Angeles-based Oaktree Capital Management, L.P. acquired the long-term leasehold interest in The Westin Maui Resort & Spa in Hawaii for a reported $317 million. The leasehold interest was held by an affiliate of Starwood Hotels &

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Penn Medicine Launches $200M Outpatient Center

Penn Medicine broke ground on a $200-million Advanced Patient Care facility in Radnor, PA. Brandywine Realty Trust was selected by the University of Pennsylvania Health System to develop the 250,000-square-foot multispecialty outpatient facility. Set to open in Spring 2020, the four-story building will house Penn Medicine Radnor, replacing its current facility in operation since 1997.

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Duke Realty Signs 354K-SF Lease with E-Commerce 3PL in NJ

Duke Realty leased ePort 1000, a 354,250-square-foot warehouse at 1000 High St. in Perth Amboy, NJ to 4PX Express USA, a 3PL focused on e-commerce fulfillment and logistics solutions. The REIT acquired ePort 1000 in November 2017 as part of a 3.1 million-square-foot New Jersey industrial portfolio purchase that includes six completed buildings and two

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