Award winners
Dewitt Tilton Group was one of only two builders to receive Master Builder recognition for two separate projects. “It was very exciting to see that we won not just one, but both of the categories we submitted projects in,” noted Kim Thomas, director of operations.
“We have been working with Star for nearly six years and we are thrilled to be partners in commercial construction. To receive three of the Master Builder Awards, Best of Shopping Centers, Best of the Georgia District, and Best of the Mid-South District, is truly an honor and a testament to the successful relationship between The Dewitt Tilton Group and Star,” added Chris Tilton, one of the two company principals. “The Top 10 Award, 2019 Outstanding Builder Award, and Best of the Georgia District were unexpected surprises.”
Portfolio expansion
Real estate investment firm Elion Partners (Elion) has acquired a 180,000-square-foot Class A last-mile industrial asset known as Griffin Pointe Business Park located at 2281 Griffin Road in Fort Lauderdale, Florida.
The $31.5 million acquisition is a part of a series of acquisitions the firm has planned for its last-mile portfolio aggregation strategy across key logistics markets, including Broward and Miami-Dade County.
“The building’s characteristics together with the supply-constrained nature of the airport submarket make the asset ideal for last-mile real estate,” said Michael Stellino, Senior Managing Director at Elion. “We are confident the addition of this Class A building and location will complement our portfolio well.”
The firm plans to continue to pursue an investment strategy focused on first, middle, and last-mile logistics real estate, targeting core, urban logistics hubs near large population centers in infill coastal markets. During the second half of 2020, Elion acquired seven additional last-mile industrial distribution assets in key logistics markets such as Seattle, San Francisco, Southern California, New Jersey, and South Florida. Elion’s investment vehicles hold an existing portfolio of last-mile logistics real estate across the US.
Montana acquisition
Easterly Government Properties, Inc., a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, has acquired a 149,110-sq. ft. US Department of the Interior (DOI) regional office and warehouse facility in Billings, Montana (DOI – Billings).
DOI – Billings is a 100 per cent leased regional facility that houses several of DOI’s key bureaus, including the Rocky Mountain Regional Office for the Bureau of Indian Affairs (BIA), the Bureau of Reclamation and the Bureau of Trust Funds Administration.
Built-to-suit for the DOI in 2013, DOI – Billings is a first-generation, single tenant U.S. Government leased facility under a 20-year non-cancelable lease that does not expire until the end of April 2033.
Solution recognition
DRI-STEEM Corporation (DriSteem) has received the BUILD Construction & Engineering award for the ‘Best in Commercial Humidification Solution Provider of 2020 for the DriSteem GTS® LX Series Humidifier.’
The Best in Commercial Humidification Solution award is selected by the BUILD Construction & Engineering research team. Those selected met merit-oriented criteria researched via public domain with many factors taken into consideration. The nominee proved evidence of expertise within their field, dedication to customer service and client satisfaction with an ongoing commitment to excellence and innovation.
“We are truly thrilled to receive this prestigious award, five years running. It is always an honor when your work is recognized in the industry as being one of the best,” said Mysty Hanson, Product Manager for DriSteem.
Access to the Texas Triangle
Hines has announced that Hines Global Income Trust, Inc. (Hines Global) has acquired an Amazon-leased e-commerce fulfilment center northeast of San Antonio in Schertz, Texas.
The 1,262,294-square-foot Class A, e-commerce fulfilment center is located in the rapidly growing I-35 corridor between San Antonio and Austin. This location provides direct access to the ‘Texas Triangle’ serving a population of over 25 million people living in or around Austin/San Antonio, Houston and the Dallas/Fort Worth metros.
“This is a critical location with a high growth consumer base,” said Laura Denkler, Managing Director at Hines. “We continue to pursue logistics assets with immediate proximity to population density and solid connectivity to major thoroughfares. This acquisition is another step forward for Hines in the Austin/San Antonio marketplace.”
Omar Thowfeek, Hines Managing Director of Hines Global, added: “We are excited about this acquisition and we will maintain our strategy of seeking out exceptional opportunities as we continue to cultivate our investment depth and breadth in this expanding sector.”
Safety solution
Pure Safety Group’s Guardian Fall Protection brand has introduced a new cable lanyard, compatible for leading edges, that combines the lightweight durability of a fixed-length lanyard that permits up to 12 feet of fall protection during the event of a free fall from an at-height working surface.
Through extensive research and development in Guardian’s ISO/IEC:10725-compliant laboratory, the company established rigorous leading-edge verification testing procedures to ensure consistent performance of the lanyard over a wide range of extreme conditions.
Available in single- or dual-leg configurations with steel rebar or snap hooks, the Cable Leading Edge Lanyards feature a vinyl-coated, galvanized steel cable, combined with Guardian’s proprietary high-efficiency external shock absorber. A high-visibility orange shock pack cover helps confirm proper application suitability, even from a distance.
Las Vegas homes
KB Home has announced the grand opening of Ascent, a new enclave of townhomes in the highly desirable Summerlin master plan in West Las Vegas. The Ascent at Summerlin sales office and model homes are open for private in-person tours by appointment, and walk-in visits are welcome. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the low $300,000s.
The master-planned community offers homebuyers numerous resort-style amenities, including swimming pools, community centers and sport fields and courts. Ascent at Summerlin is also convenient to Interstate 215 for easy access to the Las Vegas Strip and the area’s major employment centers as well as popular outdoor recreation at Red Rock Canyon and an abundance of shopping, dining and entertainment options in Downtown Summerlin.
The two-story townhomes at Ascent at Summerlin showcase design characteristics such as open kitchens overlooking expansive great rooms, large master suites with walk-in closets, lofts, ample storage space and balconies in select floor plans. The community’s floor plans feature up to four bedrooms and two-and-a-half baths, and range in size from approximately 1,400 to 1,800 square feet.
Furthrmore, every KB home is designed to be ENERGY STAR certified thanks to the quality construction techniques and materials utilized that ultimately deliver significant savings on utility bills compared to used homes. Additionally, all new KB homes are designed to deliver an enhanced indoor environment and include high performance ventilation systems, low- or zero-VOC products and other features guided by the Environmental Protection Agency’s (EPA) Indoor airPLUS standards.