Santolina decision postponed by BernCo commissioners

After hours of pitches and public comment over two days of hearings, Bernalillo County commissioners decided to delay a vote on approving the first level of the proposed Santolina master plan.

Santolina would be developed on almost 13,800 acres of Bernalillo County land located southwest of Albuquerque — a long-term plan that would bring residential and commercial components to the site. Representatives of owner Western Albuquerque Land Holdings wanted commissioners to make a decision on the Level…

Congress members Gardner, Coffman introduce VA spending bills

U.S. Sen. Cory Gardner and U.S. Rep. Mike Coffman of Colorado have introduced bills in Congress that would raise the spending cap on the Denver VA Medical Center project while also freezing bonuses for U.S. Department of Veterans Affairs officials.

The bills from the two Republicans would keep officials from getting bonuses until the facility in Aurora is fully operational, in addition to requiring an investigation into cost overruns at the hospital and transferring all future construction authority…

Large Hilllsboro data center’s sale shifts massive amount of space into Texas partner’s hands

That Fortune Data Centers sale, announced this morning, does more than just team the San Jose-based company with a big Texas-based industry player.

It means that Fortune’s 100,000 square feet of data room and office space in Hillsboro will fall under the realm of one of the largest data center and technology office buildings in the entire country.

Fortune Data Centers, whose Hillsboro facility offers 39,000 square feet of data room space and 60,000 square feet of private office space, combined…

ASB Real Estate data center companies set out to become a nationally known brand

Most people outside of commercial real estate or information technology have probably never heard of Dallas Infomart or Fortune Data Centers, and those who have are likely more familiar with their larger competitors such as RagingWire and Equinix.

Infomart President John Sheputis is hoping to change that in a big way. Fortune Data and and Dallas Infomart, both subsidiaries of a fund controlled by Bethesda-based ASB Real Estate Investments, have officially merged into one company in a bid to become…

Pacific Continental expects Q4 loss

Pacific Continental said Monday it expects a loss of 2 to 7 cents per share in the fourth quarter.

Eugene-based Pacific Continental Corp. said in a press release that the loss will stem from write-downs of real estate loans and expected loan loss provisions for Q4 of $6 million to $7 million, up from $1.8 million in the third quarter.

The company said it still expects to post net income for the full year.

In the third quarter, Pacific Continental reported net income of $2.6 million, or 14 cents per share…

Liberty Property buys Washington office building from Glenborough

Malvern-based Liberty Property Trust has bought a Washington office building, sister publication the Washington Business Journal is reporting.

Liberty (NYSE:LRY) paid Glenborough LLC $50 million, or $340 per square foot, for 1100 17th St. The company “plans to redevelop the property in the future but will concentrate in the short term on leasing the building’s 53,827 square feet of vacant space,” which is about a third of the site.

Last month Liberty started work on a $72 million medical office building at 8th and Walnut streets in Philadelphia for Penn Medicine.

Gordon Clinton, Seattle mayor during World’s Fair, dies at 91

The mayor of Seattle during the Century 21 World’s Fair in 1962 has died at the age of 91.

Flags on municipal buildings will fly at half staff in honor of Gordon Clinton, who was mayor of the city from 1956 to 1964.

Clinton’s time in office coincided with the planning, construction and operation of the World’s Fair. As time passed, the fair proved to be pivotal to the history of the city, and the event gave the community two of its more beloved icons — the Space Needle and the Seattle Monorail…