the Editors of Commercial Property Executive
Village Green Breaks Ground on Major Apartment Development in Downtown Pittsburgh
Village Green Cos. of Detroit has recently celebrated the groundbreaking of Morrow Park City Apartments, one of the largest new residential rental buildings in the city’s East End.
MIPIM Special Series — Part Two: Bringing Logistics Back into the City Through Mixed-Use Developments
Associate editor Adriana Pop presents a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March. The first report focused on Shared Buildings and Spaces. The third will address the Emergence of New Retail Models in Urban Environments. Should logistics be permitted in the heart of urban areas? That question was addressed during the “Functional Diversity” session at the MIPIM Innovation Forum in March. The topic arose from a successful shared space project—a mixed-use property incorporating logistical space—highlighted in the newly released second issue of the Real Estate and Sustainable Development…
Matt Jackson: Access to Top Talent Outweighs Cost in Tech Outsourcing
In the pursuit of “the next big thing,” tech firms are now prioritizing access to talent in software development site selection. Unlike the early days of tech offshoring, when shifting operations abroad was undertaken primarily to cut costs, today the industry is scooping up and occupying commercial property in a range of markets, from low to moderate to expensive, with the goal of harnessing programmer power wherever it may be.
Matt Jackson: Access to Top Talent Outweighs Cost In Tech Outsourcing
In the pursuit of “the next big thing,” tech firms are now prioritizing access to talent in software development site selection. Unlike the early days of tech offshoring, when shifting operations abroad was undertaken primarily to cut costs, today the industry is scooping up and occupying commercial property in a range of markets, from low to moderate to expensive, with the goal of harnessing programmer power wherever it may be. Growing appetite for geographic diversity The shift toward tapping into more global markets is a new one, according to new analysis from JLL. From 2003 to 2006, India and China…
Trademark Property Announces Major Mixed-Use Development Near Crabtree Valley Mall in Raleigh
Trademark Property Co. of Fort Worth, Texas has announced plans for the construction of a new mixed-use project on Glenwood Avenue in Raleigh.
Hilton Baltimore BWI Airport Completes Renovation
The Hilton Baltimore BWI Airport announced last week the completion of a number of significant upgrades. They helped improve the hotel’s ranking and elevated it into the top five of its competitive set, according to reviewers on one of the top guest-rated websites.
Indianapolis Selects Former General Motors Site for Justice Complex, to Cost as Much as $500M
The city of Indianapolis has finalized its decision to use part of the former General Motors stamping plant southwest of downtown for the construction of the new Marion County Justice Center.
Tighter Markets, Rising Rents: 2014 Retail Outlook
Signs are pointing to strengthening retail markets around the country. Even locations with relatively high vacancy are expected tighten this year, according to projections from Marcus & Millichap Real Estate Investment Services Inc. To see estimated vacancy, asking rents and construction completions for more than 40 major markets, download Marcus & Millichap’s 2014 National Retail Report and turn to the table on page 32. In addition to these 2014 projections, the 64-page report includes detailed updates on the factors shaping investment prospects in each of those markets. To access the proprietary information in the 2014 National Retail Report, log in…
Indianapolis Announces Creation of New Cultural District
During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown.
Equus Capital Acquires Raleigh Multi-Family Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property
Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multi-family properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.
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