New home permits jump 10 percent in Wake County

After a sluggish start to the year, building permits issued in March for residential construction projects in Wake County rebounded enough to erase all of the deficit of the previous two months.

The number of permits issued for new housing units was up 10 percent in March compared to the year prior and up 5 percent compared to the month prior with 568 permits issued to builders in March, according to a report from Wake County Revenue Departmen t.

READ: February Building Permits Report

Residential…

Prologis buys KTL Capital portfolio in $5.9 billion deal

Prologis, a San Francisco-based real estate investment and development company, has acquired a $5.9 billion portfolio from KTR Capital Partners.

The portfolio includes 60 million square feet in 322 properties located in California, New Jersey, Florida, Chicago, Seattle and Dallas.

Also included in the purchase is 3.6 million square feet of in-progress construction and a land bank large enough for 6.8 million square feet of development.

Prologis (NYSE: PLD) will purchase the portfolio as part of…

NRG Energy, SunShare celebrate new Denver Community Solar Garden

The visual completion of the Denver Community Solar Garden represents innovation and a future dedicated to sustainable energy in Colorado said Gov. John Hickenlooper.

Hickenlooper was speaking Friday to a crowd of more than a hundred people gathered near Green Valley Ranch Middle School in Denver at the celebration of the solar garden, one of five planned solar projects throughout metro Denver and Colorado Springs.

” Colorado continues to embrace solar energy, having been the first state in the…

Regional Transit selling surplus property in Land Park

Two parcels on a busy Sacramento thoroughfare are up for sale, after Sacramento Regional Transit District determined they wouldn’t be needed for transit.

Each just under an acre, the parcels are north of where Riverside Boulevard crosses Sutterville Road in the Land Park neighborhood.

RT general manager Mike Wiley said the two parcels are leftovers from when Regional Transit bought an abandoned Southern Pacific rail line through south Sacramento in the late 1980s.

At the time, Wiley said, the…

Major commercial project in SW Santa Fe kicks off with $7M interchange

A huge project along the Santa Fe Relief Route in the southwest part of town will begin to take shape this summer with a new overpass and interchange that will eventually route drivers to new restaurants, retail outlets and hotels, according to a report in the Santa Fe New Mexican.

The Village Plaza at Tierra Contenta and the Santa Fe Commercial Center is envisioned as a major commercial development with room for light manufacturing and transportation businesses that can leverage the resources of…