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Commercial Real Estate Industry News Headlines | Bizjournals.com
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Commercial Real Estate news
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Proposal to end partisan primary elections getting support
 A ballot measure pushed by former Phoenix mayor Paul Johnson that would get rid of partisan primary elections is receiving some big union and business contributions.
Johnson wants to get an initiative before voters replacing partisan primaries with nonpartisan ones with the top two vote-getters facing off in general elections. The aim is to dilute conservative power in the state by giving moderates a chance to get in runoffs. The idea has support from some Democrats, more moderate Republicans and...
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Donor gives UH business college Ala Moana Hotel condo unit
Hong Kong businesswoman Cecilia Ho has gifted a condominium unit at the Ala Moana Hotel with a value of $117,000 to the University of Hawaii Manoa?s Shidler College of Business.
The college said it plans to use the condotel unit for visiting professors, faculty candidates and visiting executives-in-residence.
Ho, a Shidler College alumna, has authorized the school to sell the unit in the future to fund the Cecilia Ho Endowed Scholarship for Excellence for full-time undergraduate students enrolled...
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Oahu's Dillingham Ranch on the market for $65M
A 2,700-acre ranch on the North Shore of Oahu founded a century ago by Hawaii railroad tycoon Benjamimn Franklin Dillingham has gone on the market for $65 million.
The Dillingham Ranch in Waialua includes oceanfront property, Oahu?s North Shore polo grounds and a main lodge built in 1917 that recently underwent a multimillion-dollar restoration.
?This is a once-in-a-lifetime opportunity to acquire such an iconic landholding,? said Ed Rapoza of Island Land Co., who represents the listing along...
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Incentives approved for Gaylord's Denver hotel project approved
 A proposed Gaylord Entertainment Co. hotel/conference center in Colorado received approval for state Regional Tourism Act funding Friday, although the amount approved was lower than its backers were seeking.
Gaylord CEO Colin Reed had said earlier this month that his Nashville-based hospitality company would not move forward with the planned 1,500-room, $824 million facility if it did not receive everything it sought from the state.
But after the Colorado Economic Development Commission voted to...
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Judge: Mastro creditor Hazelrigg must redo bankruptcy papers
U.S. Bankruptcy Court Judge Timothy Dore ruled against Bellevue businessman Tom Hazelrigg III Friday morning, saying Hazelrigg could not refuse to answer questions about his finances in his involuntary bankruptcy by making a blanket assertion of his Fifth Amendment privilege against self-incrimination.
Hazelrigg had turned in largely blank bankruptcy schedules earlier with a notation that he was asserting his Fifth Amendment right.
?It?s hard to imagine some of these questions are protected...
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Senior Resource Group buys Daly City 'independent living' facility, changes name
 Senior Resource Group LLC has acquired Monarch Village San Francisco, a 208-unit Daly City senior living center, the Solana Beach-based company said earlier this week. Terms of the deal were not disclosed.
ASL Monarch Living in Santa Ana previously owned the Daly City center, according to its web site, but officials there had "no comment" on the Senior Resource Group announcement, released May 15, and wouldn't confirm that a deal had taken place.
F. John Haffner III, listed on the ASL Monarch...
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Reduced incentives for Gaylord's Aurora hotel project approved
A proposed Gaylord Entertainment Co. hotel/conference center in Aurora and a multifaceted project in Pueblo received approval to get state Regional Tourism Act (RTA) funding Friday, though neither project will get as much as its backers were seeking.
A Gaylord executive had said earlier this month that his Nashville-based hospitality company would not move forward with the planned 1,500-room, $824 million facility if it did not receive everything it sought from the state.
But after the Colorado...
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Lodge at Castle Pines sells for $50M
For the second week in a row, a huge apartment complex deal dominates the Real Deals headlines, this one a little farther south from Parker.
Advenir, a Florida-based multifamily asset owner and management services company, bought the Lodge at Castle Pines apartment complex, 520 Dale Court, Castle Rock, for $50.85 million.
?We think this is a great market to be in,? said Stephen Vecchitto, managing director. ?It?s a higher-end marketplace, there?s barriers to entry and we just love the...
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Realtor Building reopens after copper theft
 The Realtor Building reopened for business Friday following a copper theft.
The building at 1635 University Ave. NE, which houses the Greater Albuquerque Association of Realtors and the Commercial Association of Realtors-New Mexico, was closed Thursday because thieves had stolen copper wiring that impacted the power supply.
The wire was stolen from an exterior electrical box. Getting the building?s power restored took an electrical contractor and a Public Service Co. of New Mexico crew. Albuquerque...
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Mtn. View area to get boost from huge new project
The E. Middlefield corridor in Mountain View is undergoing a transformation of sorts.
In the past year, two significant build-to-suits have been announced there with Four Corners Properties building out a 100,000-square-foot building for Omnicell on 590 E. Middlefield. The site was once home to a 33,000-square-foot work furlough center that was owned by Santa Clara County.
And Kilroy Realty is building out a 340,000-square-foot campus for Synopsys at 690 E. Middlefield Road in an investment valued...
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