Rendina Commences 120K-SF MOB in Tennessee

Jupiter, FL-based Rendina Healthcare Real Estate broke ground on a 120,000-square-foot medical office building for Campbell Clinic in Germantown, TN. The four-story complex is located on Wolf River Boulevard., adjacent to Campbell Clinic’s existing 60,000-square-foot orthopaedics building, which will be renovated. The new facility will assist Campbell Clinic in implementing an ambitious growth strategy, as well

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Wichita Falls Welcomes All of Amfuel

American Fuel Cell & Coated Fabrics Co. (Amfuel) announced it is officially closing up shop in Magnolia, AR, and relocating 100% its operations to Wichita Falls, TX. Many of the 300 employees impacted have been offered transfers to the Texas plant. Amfuel is no stranger to Wichita Falls.  Early this year, it began operations inside

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McLaren Plans $450M Replacement Hospital in Lansing

Grand Blanc, MI-based McLaren Health Care Corp. plans to build a new $450 million replacement hospital in Lansing, MI, and expand its academic partnership on healthcare with Michigan State University. The facility will feature a 240-bed state-of-the-art hospital, cancer center, ambulatory care center and other facilities to support healthcare delivery, education and medical research on

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Adler Acquires Nine-Building Maryland Portfolio

Adler Real Estate Partners purchased The Columbia portfolio, a group of nine single-story office buildings located in Columbia, MD. The 85% leased portfolio consists of three business parks totaling 224,644 square feet. NKF Capital Markets’ Cris Abramson, Brian Kruger, Nicholas Signor and Ben McCarty facilitated the sale. “Institutional interest was strong for the portfolio, due to

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Stream Handles El Cajon R&D HQ Sale

The headquarters of Calbiotech, Inc., in El Cajon, CA has traded hands. Stream Realty Partners handled the $3.6-million sale of 1935 Cordell Ct., a 22,500-square-foot flex building. The research and development-focused subsidiary of TransAsia Bio-Medicals occupies the property that sits atop a ground lease within San Diego County. An undisclosed buyer closed the transaction at

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Zillow CEO Rascoff Steps Down, Succeeded by Co-founder Barton

Zillow Group co-founder Spencer Rascoff is out as CEO, and former CEO Rich Barton (pictured) is in. Rascoff will remain on the Seattle-based company’s board of directors, while Lloyd Frink will become executive chairman. The company announced the leadership changes in connection with its fourth-quarter and full-year earnings report. “We created Zillow Group in 2005 to make

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SRS Adds to Boston Forces with Duo from Colliers

SRS Real Estate Partners has added two retail veterans to its Boston office, with the hiring of Peter Montesanto (pictured above) as principal and market leader and Christian Janelle as first VP. Both came to SRS from Colliers International, with a focus on advising retail landlords and tenants across the Northeast. Montesanto will co-lead SRS’

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Transformative MXU Breaks Ground in Miami

Miami-based Coral Rock Development Group and Arena Capital Holdings broke ground on Pura Vida Hialeah, a mixed-use project in Miami. The nine-acre development at 2901-3099 W. 16th Ave. and 1571 W. 29th St. is set to be the first of its kind in Hialeah in more than 20 years. Plans call for three eight-story residential

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Low-Income Seniors Complex Opens in West Farms

Officials from city housing agencies joined Foxy Management, Hebrew Home at Riverdale, Alembic Community Development and project partners Monday to celebrate the completion of 1880 Boston Rd., a 168-unit affordable senior development in the Bronx’s West Farms neighborhood. The newly- constructed addition to an existing building contains apartments for low-income and formerly homeless seniors. “This

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