Development
Insight Spends $75M to Transform Silver Spring Post Office into Apartments
Insight Property Group, along with partner Nova-Habitat Inc., has selected the USPS’s Silver Spring facility as the site of a 310-unit, $75 million apartment project.
Chartres, Apollo Global JV Buys Times Square Novotel in $212M Deal
Under a sale and management-back agreement, a subsidiary of Accor Business and Leisure Management has sold the 480-room Times Square Novotel in New York to a joint venture of Chartres Lodging Group and Apollo Global Real Estate Management.
Hollywood Casino Opens at Kansas Speedway
By Gabriel Circiog, Associate Editor The green flag was waved at Kansas Speedway as the Hollywood Casino opened its doors. The new casino was developed and will be operated by Kansas Entertainment LLC, a 50/50 joint venture of Penn Hollywood Kansas Inc., a subsidiary of Penn National Gaming Inc. and Kansas Speedway Development Corporation. The […]
Feature: Trailblazing Builder Bob Voit Retools for the Next Cycle
With a career spanning half a century and with more than 45 million square feet of development, acquisitions and property management bearing his mark, Bob Voit has solidified his legacy in the industry. By Paul Rosta.
Pearson Signs 200 KSF Office Lease on Hoboken Waterfront
After signing Pearson to a 200,000-square-foot lease at the Hoboken Corporate Center across from New York City, SJP Properties will commence construction of a 500,000-square-foot building to complete its mixed-use complex.
Liberty Property Trust Builds 1.2 MSF Big-Box Industrial Space in Eastern Pa.
Capitalizing on the need for big-box industrial spaces, Liberty Property Trust is constructing a 1.2 million-square-foot speculative distribution property in Bethlehem, Pa., and has named Cushman & Wakefield Inc. as the exclusive leasing agent for the $62 million project.
GSA Taps Trump for $200M Redevelopment of D.C.'s Old Post Office Building
The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.
CBRE to Handle Leasing, Management for Five Buildings in Houston Center
J.P. Morgan Asset Management has turned over to CBRE Group Inc. the property management and leasing of five buildings totaling 4.2 MSF in the Houston Center complex on the east side of downtown Houston.
MBA CREF Special Report: Banks Wary About Overbuilding in Key Apartment Markets
Construction lenders raised concerns about the possibility of future overbuilding in key multi-family markets at the MBA CREF 2012 conference, which opened Monday in Atlanta.
Cassidy Turley to Provide Leasing Services for 2.2 MSF D.C. Development
Cassidy Turley becomes part of a landmark development in Washington, D.C., with Property Group Partners’ selection of the firm to serve as the exclusive leasing services provider for the I-395 Air Rights Development.