Plans for the development of the Longwood Center, a 350,000-square-foot mixed-use research center at the Joslin Diabetes Center in Boston, move forward as the Boston Redevelopment Authority gives the green light to the joint venture behind the $300 million endeavor. Alexandria Real Estate Equities Inc., Charles River Realty Investors and National Development are [...]

It’s a sign of the times. Acting on behalf of a top banking institution, First Financial Network Inc. has just commenced an offering of more than $400 million in real estate loans on multi-family properties in the South and Southeast.”The offering is the largest whole loan offering comprised solely of this product type so far [...]

Palazzo Westwood Village in the heart of Westwood Village of Los Angeles is leasing quickly and expected to be full by the end of the year. A total of 350 rental town homes are now occupied.Retailers have signed on for most of the commercial space along Glendon Avenue. Trader Joe’s and Rite Aid are two [...]

Demand for industrial product in Northern California’s Silicon Valley remains strong, as evidenced by real estate services firm Colliers International’s closing of 1.2 million square feet in new and expanded leases over the last two months. As per a Colliers report, Silicon Valley’s industrial market closed the year in 2007 with an overall availability rate of [...]

Even in an economy as unsettled as we’re currently going through, people buy food and medication, and for Newport Beach, Calif.–based Marinita Development, that’s the engine that keeps this small but established company chugging along.  The developer’s The Shops at Sycamore Creek, a $42 million, 94,000-square-foot supermarket/drug-anchored shopping center fronting I-15 in Corona, Calif., in [...]

IRSA Inversiones y Representaciones S.A. has acquired the Edificio Republica building in Downtown Buenos Aires, Argentina, for $70.3 million, adding 214,000 square feet to its portfolio.  With this purchase, the company also expects to soon close lease agreements for approximately 172,000 square feet. The building was designed by Cesar Pelli, who had also designed the [...]

AMB Property Corp. has acquired an industrial complex near the Port of Hamburg, Germany, totaling more than 930,000 square feet of existing buildings and 16 acres of land.Kuehne + Nagel, a Swiss logistics company and AMB customer in other parts of the world, has leased about 402,000 square feet of the park in connection with [...]

The Detroit Science Center has broken ground on an 80,000-square-foot addition to the museum.The $15 million cost of the four-story addition will be funded by The Thompson Educational Fund, which will lease the addition to the Science Center for $1 a year. The University Prep Science & Math Middle School, a public charter school of [...]

As gas prices rise, people are driving shorter distances. Instead of driving 20 miles to the grocery store near a favorite mall, people are driving a half-mile to the local grocery store, which today offers a host of services, including dry-cleaning and banking.  As the economy slows, people are eating in restaurants less often and [...]

Maxxam Enterprises is leading a redevelopment campaign in Los Angeles’ fashion district with five new projects totaling more than 200,000 square feet in various stages of development, the company announced today.  The firm announces the opening of its latest project, 1025 Towne Center, a 50,000-square-foot wholesale complex located on Towne Avenue between 12th and 10th [...]