Bixby Land Co. has broken ground on a 250,000-sq.-ft. office renovation project called THE Campus. Construction on the four-building project, located on Trimble Road in San Jose, Calif., should complete by the end of 2013....More
The third phase of development has begun for Mission 71 Business Park in Pomona, Calif. Seventh Street Development is constructing the 1.5-million-sq.-ft. industrial park. HBI Construction has been tapped as the building’s general contractor while Ware Malcomb will be the project architect....More
Salpare Bay LLC has secured $38.9 million in construction financing through the investment banking firm George Smith Partners. The money will be used for the first phase of development on The Residences at Yacht Harbor in Portland, Ore....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?