Data Center: 10 Places You Don’t Want to Build
One Partner’s advice on your new data center and where you better not build it.
Read more →Data Center: Sentinel Plans Large NJ Data Center
Sentinel Data Centers and Russo Development have begun construction on a large multi-tenant data center facility in Somerset, New Jersey, the companies announced today. The companies have acquired a 22.5 acre site with an existing 230,000 square foot single-story structure, expandable to 330,000 square feet.
Read more →Self Storage U-Store-It Completes $875 Million in 2009 Capital Raising Efforts; Reports Fourth Quarter and Annual 2009 Results; Provides 2010 Earnings Guidance
U-Store-It Trust announced its operating results for the three months and year ended December 31, 2009. “We are very pleased with our capital raising efforts during 2009,” said Dean Jernigan, Chief Executive Officer of U-Store-It.
Read more →Student Housing: Housing planned near arena
A Portland developer building a $12 million apartment near the Matthew Knight Arena means to make the east campus — as opposed to the west campus strip — the nexus of university life. “We’re trying to build a neighborhood. We’re not just building a project. That’s really important.”
Read more →Healthcare Trust of America, Inc. Executes Agreement to Acquire an Approximately 60,800 Square Foot Medical Office Building in Mount Pleasant, South Carolina
Healthcare Trust of America, Inc. (”HTA”), a self-managed, non-traded, real estate investment trust, announced the execution of an agreement to acquire a medical office building located in Mount Pleasant, South Carolina, a suburb of Charleston, for approximately $10,000,000. In addition, HTA will incur certain acquisition related expenditures.
Read more →Senior Housing: Edgewood Management Group Adds 5 Wyoming Senior Living Communities
Edgewood Management Group, LLC. (EMG) a Midwest operator of assisted living communities recently announced that it has entered into an agreement with Investors Real Estate Trust (”IRET”), an equity real estate investment trust located in Minot, North Dakota, to manage five assisted living communities in Wyoming.
Read more →Student Housing: Balfour Beatty Campus Solutions to Help Higher Education to Meet Growing Infrastructure Challenges
Balfour Beatty Capital Group, Inc. today announced the launch of its newest operating company, Balfour Beatty Campus Solutions, LLC. The new operating company will join the umbrella of services available under Balfour Beatty Capital Group, which also includes Balfour Beatty Communities, LLC; Balfour Beatty Capital, Inc.; and Balfour Beatty Energy Solutions, LLC.
Read more →Senior Housing: Retirement housing to overlook planned county nature preserve
Developers are considering a new retirement community to overlook 122 acres of a former golf course on its way to becoming a county nature preserve. “We operate campuses like this in Jenison, Holland, Spring Lake and Kentwood, so we have a good feel for the area,” Oak Crest Manor President Charles Schipper told the Holland Planning Commission Tuesday.
Read more →Data Center: Data center provider signs lease for 81,000 square feet in Chicago suburb
A national data center provider has signed a long-term lease for an 81,600-square-foot flex building to be located in the Chicago suburb of Mt. Prospect. Ned Franke, Alex Smith and Jordan Rovito of Cushman & Wakefield completed the transaction on behalf of the building’s owner, First Industrial Realty Trust, Inc.
Read more →Student Housing: Place/BV Student Housing Fund Closes on $58.8 Million Project
Place/BV Student Housing Fund, LLC, a real estate investment fund focused on the acquisition and development of student housing properties nationwide, announces the closing of the construction loan for Tailor Lofts in Chicago, Illinois. Tailor Lofts will serve the students of more than 20 Chicago area colleges and universities, including the University of Illinois at Chicago, Kent College of Law, Columbia College, Robert Morris University, Roosevelt University, and DePaul University.
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