University of Arkansas to Build New Architectural Design Center
The University of Arkansas is going to construct a new building on its campus in Fayetteville, Ark. The $16 million will host the university’s School of Architecture’s Center for Design and Materials Innovation. The center will consist of a design research center with a special emphasis on timber and wood design, along with design-build fabrication technologies laboratories. The project’s estimated completion date is currently unknown.
Investors Purchase Colorado Office Building for $11.2 Million
A group of investors have purchased a multitenant flex/R&D building in Broomfield, Colo. for $11.2 million. The single-story, 65,127 square-foot building sits on a 5.2 acre plot and represents an expansion of the group’s local portfolio to a total of 330,000 square-feet. At the time of purchase, the building boasted a 100% occupancy rate.
Recent Dallas Industrial Building Sales Total More Than 100,000 SF
A number of properties in the Dallas-Fort Worth area have been sold. An investor has purchased three industrial buildings in Garland, Texas totaling 53,254 square-feet. Additionally, the City of Dallas has purchased a 16,390 square-foot industrial building within city limits. LCG King Arthur LLC has purchased a 38,940 square-foot industrial building in Dallas, as well.
$42 Million Development Underway at Bowie State University
Balfour Beatty Campus Solutions, a subsidiary of a real estate development group, is now underway on a new project in a suburb of Washington, D.C. The project, located at Bowie State University, will feature 557 beds for students across its 170,000 square-feet. The $42 million building will also be the site of the university’s business innovation center and entrepreneurship academy. The structure will open in fall 2021.
Mixed-Use Project Proposed for Town in Minnesota
Developers are proposing a mixed-use project in downtown Crookston, Minn. The project, which currently has unknown estimated building costs or timelines, would entail the construction of approximately 40 residential units, 8,000 square-feet of indoor community center space, and an open-air community space.