the Editors of Commercial Property Executive
Leander City Council Approves 2,000-acre Development
By Camelia Bulea, Associate Editor
The first day of May marked the approval of a 2,000-acre development that will be built in Leander over the next decade. The upscale development will include 3,200 residential homes and apartments, retail space, park land […]
New Orleans Receives $40.1M in FEMA Repair Funds
By Eliza Theiss, Associate Editor There is still plenty to rebuild and repair in New Orleans, but FEMA grants have made a huge difference on the Crescent City’s road to recovery. Another $40 million in FEMA funds will go to specific projects in the city, reported The Times-Picayune, further helping to restore New Orleans to its […]
New Homes Coming to Corryville
By Adrian Maties, Associate Editor
The Corryville Community Development Corp. (CCDC) was formed when the University of Cincinnati teamed with the Corryville Community Council and the Short Vine Business District. Its purpose: to develop the Village at Stetson Square, an $80 million community that opened in 2006 in Corryville. Now developers are getting ready to start […]
Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office
By Georgiana Mihaila, Associate Editor Lincoln Property Company Southeast, working on behalf of Equity Office, has brokered 215,000 square feet of leases in the North Fulton area during the first quarter of 2012. Equity Office had awarded Lincoln Property Company Southeast the contract to manage 3.3 million square feet and lease 1.9 million square feet […]
Two 30-Story Apartment Towers will Replace Baltimore’s Mechanic Theatre
By Adrian Maties, Associate Editor
Since it opened in January 1967, the Morris A. Mechanic Theatre was for many years Baltimore’s primary venue to host touring Broadway plays and feature major productions. However, those days are now long gone. In time, the theatre became obsolete as it was too small and outdated to accommodate modern, larger […]
eBay Signs 35,000 SF Office Lease in Manhattan
Just months after Twitter opened its first New York office and Facebook revealed details about adding an engineering center to its existing office, it seems to be eBay’s turn to take a bite of the Big Apple. The online auction and shopping site recently announced plans to open a technology center in Manhattan’s Chelsea neighborhood
Lennar Renews and Expands Global HQ at Corporate Center
The Miami Airport West submarket has not been too kind to Class B office properties—as the current vacancy rate of 24 percent shows. Yet the Lennar Corporate Center has successfully managed to stand out, even more so after the recent lease renewal and expansion of its anchor tenant—Lennar Corporation.
Parkway Properties to Purchase Hearst Tower
By Eliza Theiss, Associate Editor Investor confidence in the Charlotte office market seems to be on the rise. Following the recent sale of the Coliseum Centre, dubbed ‘deal of the week’ by The Wall Street Journal, another multimillion dollar office property transaction is in the works in the Queen City. Parkway Properties, an Orlando-based real […]
Detroit Recovery Continues with Approval of Four New Projects
Over the last months Detroit’s recovery effort has become more visible and the four renovation and redevelopment projects approved at the end of April show that the City is not that far from becoming the hot spot for investments.
Robert Mandelbaum: Giving And Taking Credit: Plastic Takes Precedence at U.S. Hotels
By Robert Mandelbaum and Alvin Minsk From 2008 and 2009, the averageU.S.hotel suffered a 13.2 percent decline in occupancy along with a 5.9 percent drop in average daily rate, or ADR. During this period, hotel managers were challenged to find tactics that maximized revenue for their hotels. On the sales side, adjusting room rates and experimenting with distribution channels garnered the most attention. However, back in the accounting offices ofU.S.hotels, decisions had to be made regarding the offering of credit to potential guests. On the one hand, loosening credit requirements may ease the way for certain groups to stay at…
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