MXU Telge Crossing Going North on 24 Acres

Local commercial real estate company i3 Interests has begun construction on Telge Crossing, a 24-acre mixed-use project in Cypress, TX, on the Houston metro’s northwest side. Upon completion, the project at Telge and Jarvis Roads will offer 15,000 square feet of retail, 12,000 square feet of medical office space, several pad sites, and a 303-unit

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Obsolescence in The Quad Cities?

The good news for the Quad Cities region (Moline, East Moline and Rock Island, IL; and Davenport and Bettendorf, IA) is that current economic activity is positive. Local employers are anticipating expansion. The not-so-good news? There isn’t enough quality property inventory to fulfill “the future demand of tenants, buyers and investors,” according to NAI Ruhl Commercial Co.’s

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Albuquerque Sees Growth in Retail Construction Numbers

A recent retail report from CBRE noted that Albuquerque’s developers were working on approximately 237,000 square feet of retail space during the second quarter of this year. This number doesn’t include planned retail projects that will soon break ground, and far outstrips the 50,000 square feet built in all of 2011. Though the numbers aren’t

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Waterton Divests PDX Lloyd District MF for $66M

San Diego-based MG Properties Group acquired Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District in Portland, OR. Constructed in 1997, the community was sold by Chicago-based Waterton for $66 million. HFF’s Ira Virden and director Carrie Kahn represented the seller and procured the buyer. Additionally, HFF’s Charles Halladay, Scott Gilson and Rick

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Parallel Capital Finalizes $25M AZ Center Renovation, Preps for Hotel

San Diego-based Parallel Capital Partners, Inc. finalized more than $25 million in renovations to Phoenix’s iconic Arizona Center, completing new creative office space, outdoor work stations, shopping, entertainment and casual dining facilities. Downtown Phoenix’s original entertainment destination, the newly-rehabbed mixed-use development spans one million square feet, across 16-acres at the intersection of 3rd Street and Van Buren.

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Gramercy Completes Greenville Pharma BTS for Bausch + Lomb

Gramercy Property Trust and CRG completed a 432,000-square-foot build-to-suit for Bausch + Lomb in Greenville, SC. The Valeant Pharmaceuticals International, Inc. company will house a Class A pharmaceutical warehouse as part of an initial phase of the project. Phase two allows Bausch + Lomb to expand operations by an additional 432,000 square feet. CRG, Clayco, Inc.’s

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Security West Signs New 717K-SF Lease With GSA in Maryland

Security Land and Development Company Limited Partnership signed a new 10-year lease with the U.S. GSA for the Security West Complex in Woodlawn, MD consisting of 717,011 square feet of office and related space occupied by by the U.S. Social Security Administration. The lease runs through October 31, 2028 and has an initial annual rent of roughly $11.75

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Avison Young Secures $71M Bridge Loan for Orlando MF

A $70.5 million bridge loan was arranged for CitiTower, a 25-story, Class A+ multifamily development with 233 units at 101 Lake Ave. in downtown Orlando. The financing was secured on behalf East SDG CitiTower LLC, of which Albert J. Socol is Managing Member. Avison Young’s George Vail arranged the floating rate loan, which was financed

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