Anna Spiewak
International: Marriott, Hotecapsa to Develop Guayaquil Hotel in 2016
Ecuador ‘s largest and most populous city is set to get a brand new Marriott-operated hotel in two years, according to the hotel chain.
INTERNATIONAL: AMP, Billbergia Sell Landmark Site in Brisbane
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to the owner of Felicity Hotel Group, which plans to develop a five-star hotel on the property.
INTERNATIONAL: French Polynesian Government to Head $3B Resort Development in Tahiti
The French Polynesian government is leading a nearly $3 billion resort development in Tahiti that is expected to reignite tourism and revitalize the economy of French Polynesia.
KSG Grabs Hidrock’s SpringHill Suites New York for $82M
Malaysian company KSG Enterprises Ltd. is expanding its presence in the U.S. with the purchase of SpringHill Suites New York Midtown Manhattan/Fifth Avenue.
Cousins Plans $224M IPO to Buy Parmenter’s Fifth Third Center in Charlotte
Cousins Properties plans to use proceeds of a $224 million initial public offering to cover the $215 million cost of buying the 30-story Fifth Third Center in Charlotte, N.C., from Parmenter Realty Partners.
AUGUST ISSUE: Tech’s Top Towns
The impact of technology industry clients on commercial real estate markets is a well-known phenomenon, but ironically, the term may be something of a misnomer.
AUGUST ISSUE: Land Rush
Despite tough competition, LIHTC developers are still finding sites in major markets.
Economy Watch: Case-Shiller Shows Smaller Home Price Rises; Consumers Peppier in July
The latest S&P/Case-Shiller Home Price Indices are following a pattern of slower increases. The Consumer Confidence Index improved once again in July.
Ubiquitous Technology
Technology leaves few industries and corners of the economy untouched today. As its tools become ever more powerful and sophisticated, the Digital Age is reshaping how we live, work and play, often in subtle ways. For that reason, change is happening everywhere, regardless of market size or business mix. In business, the effects of technological change are multifaceted. Automation can make things simpler—or more precise. It can reduce the manpower needed—or increase the level of skill required. It is eliminating some business specialties while giving rise to new ones. And it is impacting the buildings in which we operate, often…
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