the Editors of Commercial Property Executive
EXPO REAL Report: Euro Zone Crisis Prompts Mixed Sentiment
Europe’s growing sovereign debt crisis topped the list of concerns at this year’s EXPO REAL, which drew 37,000 attendees to Munich this month.
Harlem Affordable Housing Adds 226 New Units
By Veronica Grecu, Associate Editor
The Uptowner reports that after having completed two affordable housing buildings totaling 226 units on West 127th and 128th Streets between Frederick Douglass Boulevard and St. Nicholas Avenue in Central Harlem, development company The Richman Group […]
Join Our 2011 Ranking of Top Equity Providers
We are currently accepting submissions for our survey of the Top Equity Providers. The deadline for submission is Friday, October 28, 2011.
Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel
By Veronica Grecu, Associate Editor
Washington, D.C.-based Carr Hospitality and InterContinental Hotels Group plan to create a four-star hotel on the Southwest Waterfront as part of a $2 billion redevelopment, The Wharf. The mixed-use neighborhood, a joint venture between developers PN […]
Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability
By Veronica Grecu, Associate Editor
As Manhattan’s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. One such reconversion plan was filed with the New York State Attorney General’s office […]
Philly Welcomes Teva Pharmaceuticals Facility, Home2 Suites Hotel
By Veronica Grecu, Associate Editor
Last Tuesday Teva Pharmaceuticals USA broke ground on its new warehouse and distribution center in Northeast Philadelphia. Teva officials gathered at the site at One Red Lion Road for an official opening ceremony for the $300 […]
DLA Piper Survey: 70 Percent Stay Bearish for the Upcoming Year
The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.
Federal Money for Detroit Metro Airport and Tiger Stadium Football Field
By Veronica Grecu, Associate Editor
More than $15 million in federal transportation grants will be awarded to Detroit Metropolitan Airport in Romulus, announced Sen. Carl Levin, D-Mich., in a press release issued last week. The funds coming from the Federal Aviation […]
Iconic Wrigley Building Sold to BDT Capital, Groupon Co-Founders
In a move as noteworthy for its investors as for its property, the Wm. Wrigley Jr. Co. announced that it sold Chicago’s iconic Wrigley Building to a consortium of investors for an undisclosed amount.
Home Sales and New Developments Continue to Gain Momentum in the Region
By Veronica Grecu, Associate Editor
Representatives of local developer The Roxbury Group and non-profit groups Invest
Detroit and Midtown Detroit programs announced this week the start of the Auburn complex, a 56,000-square-foot residential and retail development that will be built on […]