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Real Estate

Transwestern hires VP

According to the announcement, Polise will support the firm’s acquisition teams in the architectural, engineering and construction materials review of projects during the due diligence period, as well as assist leasing personnel with the review and negotiation of construction costs on behalf of clients. Polise joins Transwestern from Avison Young, where he served as director ...

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Prudential forms $369M joint venture

According to the announcement, Digital Realty seeded the joint venture, which was formed in late September, with nine data centers totaling 1.06 million square feet and valued at approximately $366.4 million, plus closing costs. The properties are expected to generate cash net operating income of approximately $24.5 million in 2013, representing a 6.7 percent cap ...

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Rowan’s new engineering building critical to N.J. economic growth, its president says

That increased capacity is critical for Rowan, which has been inundated with applicants eager to take part in its engineering program, said the university’s president, Ali Houshmand. “If you look at the demand for our engineering program, this past year, for every undergraduate position in engineering, we had 10 qualified applicants — New Jersey residents ...

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Hill International announces more than 45M in new projects

– Qatar Petroleum, on behalf of the Qatar Museums Authority, awarded Hill a contract to provide construction management services in connection with the new National Museum of Qatar. The four-year contract has an estimated value to Hill of $22.7 million. – Qatar Industrial Manufacturing Co. awarded the company a contract to provide project management services ...

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Chambers Street leases 450,000 square feet in South Carolina

The transaction is a net lease for office and industrial space at Jedburg Commerce Park.According to the announcement, Jedburg Commerce Park was built in 2007 and acquired by Chambers Street in the same year. Chambers Street owns and operates more than 3.6 million square feet of warehouse/distribution properties in South Carolina. Last month, Chambers Street ...

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G.S. Wilcox closes 32M in financing for nearly 1M square feet

The transactions were arranged by Gretchen Wilcox, president and Al Raymond, principal.According to the announcement, four loans totaling $27.75 million were originated with Thrivent Financial for Lutherans, with the borrower being Forsgate Industrial Partners. The properties were located at 18 Thatcher Road and 1165 Cranberry South River Road, in South Brunswick; 75 Oxford Drive, Moonachie; ...

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