Business Specialties
Economy Watch: Existing Home Sales, Leading Economic Index Drop; Unemployment Rises
Existing home sales took a dip in June, while the Leading Economic Index declined 0.3 percent and unemployment spiked.
Cassidy Turley, JLL Secure Leasing Contracts Totaling 1.2MSF
Real estate companies and companies with real estate—they’re all doling out third-party real estate services contracts, big and small, and Cassidy Turley and Jones Lang LaSalle are among the latest services providers to secure office leasing assignments.
Paramount/Colony Capital JV Closes on $481M Deal for Queens Trophy Tower
A joint venture of Paramount Group Inc. and Colony Capital L.L.C. bought the 50-story, 1.4 million-square-foot asset, which is the tallest New York City building outside of Manhattan.
IKEA’s Real Estate Arm to Build Master-Planned Community in East London
IKEA’s real estate arm, LandProp Holding, has begun a new 2 million-square-foot mixed-use master-planned neighborhood just south of the Olympic Park in Stratford, an area in eastern London.
JBG, Bozzuto Partner on Land Purchase for Mixed-Use Suburban D.C. Project
With the closing of a recent land transaction, The Bozzuto Group and JBG Rosenfeld Retail have taken a big step forward in their plan for a mixed-use development at Crown, a 182-acre master-planned community just outside of Washington, D.C., in Gaithersburg, Md.
Qatar to See New $1.7B Shopping Center, Country's First IKEA
Doha, the capital city of Qatar, is set to get a massive $1.7 billion shopping center. The promising complex will offer approximately 2.7 million square feet of space divided into 500 retail units. A large chunk of the space will be filled by the country’s first IKEA.
LED Upgrade Will Be Latest Environmental Step for SL Green
SL Green Realty Corp. is nearing completion on an extensive, and apparently quite profitable, $2.5 million LED lighting retrofit involving 21 office buildings totaling 7 million square feet.
Berkeley Point Capital Names Jim McDevitt President
Berkeley Point Capital L.L.C. has been adding executives to its ranks for the past several months, capping it off this week with the news that CRE finance veteran Jim McDevitt had been named president.
$200M Dayton Racino Project Moving Forward
By Adrian Maties, Associate Editor Dayton is one step closer to having its racino. Penn National Gaming Inc. (Nasdaq: PENN) announced on July 2 it wants to relocate Beulah Park in Columbus to Austintown and Raceway Park in Toledo to Dayton. It requested official permission of the Ohio State Racing Commission on June 30. It […]
Coast Income Properties Inc. Acquires Pacific Ridge Corporate Centre
By Gabriel Circiog, Associate Editor Coast Income Properties Inc. has acquired a two-building office project in Carlsbad for $29 million, Rentv.com reports. The San Diego-based development company, founded in 1979, paid $239 per square foot to Brandywine Realty Trust for the Pacific Ridge Corporate Centre. The 121,500-square-foot Class A project is located at 5780 and […]