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Daily News Wednesday 6-24-20

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New 28,222 SF Mixed-Use Building Planned for City in Colorado

1737 Pearl LLC and 1727 Pearl Boulder LLC, two Colorado-based real estate developers, are planning to build a new mixed-use project in Boulder, Colo. Once completed, the project will yield a building with 28,222 square-feet of space between three floors as well as a public courtyard. The project will feature 9,500 square-feet of ground-floor retail space and 14 apartments on the second and third floors. The project’s estimated construction costs are not currently known. The project is expected to take 18 months to complete.


California Association of Realtors to Get New Headquarters   

The California Association of Realtors (CAR) has filed papers with the City Planning Commission of Los Angeles to replace its existing 56,000 square-foot headquarters building with a mixed-use space. If allowed to proceed, the project would yield 46 condo units and 84 rental units as well as an unspecified amount of office space. Neither the project’s estimated construction costs nor its completion timeline are currently known.

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Genton Cockrum to Build 336K SF Mixed-Use Project in Los Angeles

Genton Cockrum Partners, a Los Angeles-based real estate investment and development firm, has filed an application with the City Planning Commission of Los Angeles to build a new mixed-use building. If allowed to proceed, the project would yield 336,514 square-feet of usable space across its eight floors and would feature 300 rental units and an unspecified amount of space for ground-floor commercial space. The project, which has an unknown estimated construction cost, has an estimated completion date of Q1 2021.

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L.E.G. and H.I.G. Purchase 1.2 Million SF Campus in New Jersey

Lincoln Equities Group, a New Jersey-based real estate investment group, and H.I.G. Realty Partners, a Manhattan-based real estate investment firm, have jointly purchased a large life sciences campus in Hopewell, N.J. The 443-acre campus, located seven miles from Princeton University, contains more than 1.2 million square-feet of life sciences manufacturing, laboratory, and office space. The site can be expanded to include up to 2.8 million square-feet. Terms of the transaction were not revealed.


City in Washington Purchases $3.8 Million Building for Public Works

The City Council of Ridgefield, Wash. has unanimously approved the purchase of a new facility that will serve as the city’s next public works department. The $3.8 million purchase netted the city a 4.4-acre parcel with a 23,000 square-foot warehouse and a 5,000 square-foot office building.

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May/June 2020 Digital Issue

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