Development
Fashion Place Expands, as Wasatch Front Retail Real Estate Market Blooms
By Gabriel Circiog, Associate Editor At a time when the economy is somewhat troubling for most real estate markets, the retail real estate market along the Wasatch Front is doing well. Deseret News reports that there are four major retail centers expanding or under development. Fashion Place mall in Murray is currently undergoing a 100,000-square-foot […]
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.
Gaylord Goes West
Gaylord Entertainment has selected High Point, a gargantuan master-planned business district being undertaken by LNR Property L.L.C.’s Commercial Property Investment Fund L.P. in Aurora, Colo., for its latest project. The hospitality and entertainment company will build an $800 million resort and convention hotel on 85 acres at LNR’s sprawling development.
IHOP Expands to Middle East
The restaurant chain has inked a multi-restaurant franchise agreement for the development of 40 new locations in Kuwait, Saudi Arabia, Jordan, Lebanon, Qatar, the United Arab Emirates, Oman, Bahrain and Egypt.
South Lake’s Return: Vulcan’s Ada Healey Turns a Fading Urban District into a Vibrant Showcase
Under the decade-long leadership of Ada Healey, Vulcan Inc.’s vice president of real estate, South Lake Union is enjoying remarkable new life as a vibrant urban community and a hub for technology and biomedical research.
REITWeek Report: Brookfield Details 15 MSF Pipeline
Also in the works is an estimated $200 million to $300 million upgrade of the retail portion of the World Financial Center, Brookfield’s massive office and retail complex near the World Trade Center in Downtown Manhattan.
CBRE’s Rudin to Depart for Brookfield
Mitch Rudin, who has served as president & CEO of the New York tri-state region for the last seven years, will leave the world of commercial real estate services to take on the role of president & CEO of U.S. commercial operations at Brookfield Office Properties.
Construction Begins on $137.5M Radisson Blu
Carlson Hotels, the global hospitality and travel company, and equity partner Mortenson Construction have commenced construction of the upper-upscale hotel, which will become the first lodging facility to be linked to the 4.2 million-square-foot Mall of America via skywalk.
PNC Plans Green HQ in Pittsburgh
The firm has unveiled plans to build a skyscraper in downtown Pittsburgh to serve as its new headquarters, stressing the green aspects it plans to include in the building and going so far as to call it “the world’s greenest skyscraper.”
Simon to Open First Premium Outlet Center in Canada
Simon Property Group Inc.’s Premium Outlets division is in growth mode, and the company has Canada in its sights. A letter of intent with Calloway Real Estate Investment Trust to develop a property in suburban Toronto paves the way for entrée into Canada.