Anna Spiewak
NorthPoint to Redevelop Former General Motors Property in Ohio
RACER Trust has sold a 173.5-acre site adjacent to the General Motors Lordstown Assembly Plant in Lordstown, Ohio, to NorthPoint Development, which will transform the formerly vacant property into a 1.5 million-square-foot industrial park.
INTERNATIONAL: Hard Rock Hotel Dubai Marina to Open in 2015
Hard Rock International, Abu Dhabi Financial Group and Sheffield are building a Hard Rock Hotel on the first 33 floors of Dubai’s Marina 101 tower.
Simon Breaks Ground on M-U Commercial Center in Tucson Suburb
Simon Property Group has broken ground Friday morning on Tucson Premium Outlets, a 366,000-square-foot mixed-use commercial center in Marana, Ariz.
Economy Watch: Employment, Seniors Housing Builders, GSEs
The U.S. economy created 214,000 jobs in October. Builder confidence in the seniors housing market was up again in the third quarter. Freddie Mac has “drawn” $71.3 billion from the Treasury.
Atlas Buys M-F Portfolio Throughout Sunbelt Region
For a solid return on investment, Atlas Apartment Holdings has grabbed 20 multi-family properties throughout Texas, Florida, Georgia, North Carolina and South Carolina.
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
C&W: National Office Outlook on the Rise
The commercial office market is as strong as it has been in years and an upward trend is predicted to continue in the immediate future, according to Cushman & Wakefield’s third-quarter U.S. CBD Suburban Office Market report.
INTERNATIONAL: Historic Hotel Moskva Reopens as Four Seasons Hotel Moscow
One of the most iconic hospitality spots in the entire Russian Federation, Hotel Moskva has reopened as the Four Seasons Hotel Moscow.
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