BlackSwan Zine

Building more than 350,000 square feet of office space on Torrance’s largest remaining tract of developable land will cause “significant” traffic impacts to 22 nearby intersections, according to a just-released environmental analysis of the project.

NEW ORLEANS, Feb 16, 2010 /PRNewswire via COMTEX/ — Grubb & Ellis Healthcare REIT II, Inc. today announced that it has entered into an agreement to acquire Lacombe Medical Office Building, an approximately 34,000-square-foot, multi-tenant medical facility in the New Orleans suburb of Lacombe. The acquisition is subject to customary closing conditions and the satisfaction [...]

Ventas Issues 2010 Normalized FFO Guidance of $2.69 to $2.75 Per Diluted Share . Ventas, Inc. (VTR 44.61, +0.44, +0.10%) (”Ventas” or the “Company”) said today that normalized Funds From Operations (”FFO”) for the year ended December 31, 2009 increased 7.8 percent to $409.0 million, from $379.5 million for the comparable 2008 period.

Health care continues to be an oasis in the desert that is Minnesota’s commercial real estate development sector. The latest example: MSP Commercial announced Tuesday that it is about to break ground on a 34,000-square-foot medical office building in Blaine; the building is already 87 percent leased by two health care enterprises.

Salt Lake City has its eyes on a sweeping face-lift for the blocks just east of the FrontRunner transit hub in an effort to transform the moribund “Depot District” into a thriving city gateway. The blueprint calls for a blend of housing, retail, restaurants, a small theater and a possible urban research park.

Healthcare Trust of America, Inc. (”HTA”), a self-managed, non-traded, real estate investment trust, announced the execution of a purchase and sale agreement to acquire the approximately 101,400 square foot Triad Technology Center in Baltimore, Maryland for approximately $29,250,000.

But some wonder if the city needs another residence for senior citizens. With its distinctive bell tower and gray clapboard buildings, Colonial Church of Edina looks a bit like an old New England village.

Groundbreaking multi-million dollar renovations to join Elder Hall and Hinman-Lincoln Hall will create the first Northwestern residential community next fall. Construction will begin Spring Quarter, said William Banis, vice president for student affairs.

Nationwide Health Properties, Inc. (NYSE: NHP) today announced the acquisition of two medical office buildings under an amendment to the original agreement with Pacific Medical Buildings LLC, a California limited liability company (”Pac Med”), and certain of its affiliates.

Harbor Point, an 80-acre mixed-use project in Stamford, recently achieved LEED-ND Gold certification for its environmentally sound design, planning and construction. The project is being developed by Norwalk-based Building & Land Technology.