‘Third Space’ project wins MRED-REIAC/Rockefeller Group Challenge

The teams consisting of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program competed for cash prizes. Spire Development captured the honor, garnering $1,000 each for members Anna Sepic, Jay Van Tussell, and Kyle Trent. This year’s project consisted of a mixed-use development at Dorsey…

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CONSTRUCTION EMPLOYMENT INCREASES BY 5,000 IN APRIL TO HIGHEST LEVEL IN NINE YEARS; BUT LABOR SHORTAGES LIKELY LIMITED NUMBER OF NEW JOBS BEING ADDED

Construction employment increased by 5,000 jobs in April to the highest level in more than nine years amid strong demand for new construction services, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned, however, that a shortage of available qualified workers likely limited the number of…

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Watt Communities Reaches “Sold Out” at Its First Arizona Urban Living Project

Watt Communities of Arizona today announced that it has reached 100 percent sold out at Dorsey Lane, the residential townhome community near downtown Tempe that marked the company’s entrance into Arizona’s upscale urban infill housing market. Today, Watt’s presence has expanded into a $73 million project pipeline, with six properties either under construction or now…

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Land Advisors Organization Names Brent Long as President

Land Advisors Organization today announced Brent Long has been named President. Brent Long is a 30-year veteran of the commercial real estate industry that includes brokerage, investment and technology. Most recently, as President of Berkadia Investment Sales, Long led it’s apartment sales team that spanned nationwide. Berkadia Investment Sales was formed through a transaction that…

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Healthcare Trust of America to Acquire Duke Realty’s Medical Office Portfolio for $2.75 Billion

Healthcare Trust of America, Inc. (NYSE:HTA or the “Company”), the largest dedicated owner and operator of medical office buildings in the United States, announced today that it entered into a definitive agreement to acquire all of the medical office building assets and medical development platform of Duke Realty Corporation. (“Duke”) for $2.75 billion in cash,…

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