Digital Realty Trust (DLR) said today that it has acquired two fully leased data centers in the hot northern Virginia market, as well as a parcel of land in the heart of Ashburn’s “Data Center Alley” that can support future construction. Digital Realty, the largest owner and operator of data center properties, paid $63.3 million [...]
Read more →Cornerstone Real Estate Funds recently announced together with its strategic alliance partner and sub-advisor Servant Healthcare Investments, that it has finalized its purchase of Sherburne Commons, a 60 unit senior living community located on the island of Nantucket, MA. Cornerstone/Servant was selected as the winning bidder to acquire the community after its prior owner filed [...]
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After a year of roller-coaster performance, the real estate investment trusts are ending the year on a high note; but investors shouldn’t expect as much excitement in 2010, according to The Wall Street Journal. One of the few REITs that may perform well next year is self-storage, as it isn’t dependent on job creation.
Early in [...]
A Month-By-Month Look Back at Projects and Developments — and in Many Cases, Postponements and Cancellations – In Commercial Construction and Development Over the Past 12 Months
For most commercial real estate developers, 2009 can’t end soon enough. In the tight financing market, credit was available for only the most fail-safe construction and development projects.
Many planned [...]
NORTON SHORES — A development group’s proposed construction of a large assisted-living facility in Norton Shores appears to have survived much debate by city officials and questions concerning the impact on other area facilities.
City council members have granted, on a split vote, a special use permit to the Pegasus Group, a California-based real estate company, [...]
At one level, transit-oriented development seems like a no-brainer.
Clustering condos and office space and stores, all around a MetroLink stop. Getting people out of their cars and onto the trains. Creating dense new chunks of urbanism. “Smart growth” for the 21st century.
And in a few places around MetroLink’s 37 stations, that has happened. There are [...]
SCOTTSDALE, Ariz., Dec. 31 /PRNewswire/ — Healthcare Trust of America, Inc. (”HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a three building medical office portfolio located in San Angelo, Texas, Corsicana, Texas, and Fort Wayne, Indiana for approximately $20,500,000.
The approximately 92,500 square foot portfolio is 100% leased to community hospitals [...]
SANTA CLARA, CA-CoreSite, a Denver-based data center operator with 10 properties under its belt is increasing its foothold in the Silicon Valley with a $350-million investment that will eventually add 230,000 square feet of data center space in three buildings. The first building, a 50,000-square-foot facility with eight megawatts of electrical capacity is scheduled for [...]
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