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Humboldt Joins Forces with LW Hospitality Advisors
LW, which launched earlier this month, will provide lodging valuation and consulting services to the hotelier, which was founded in May 2010.
Tishman Speyer Plans Tower in Frankfurt
The company just revealed plans to build TaunusTurm, a premier 650,000-square-foot office tower in the German city’s financial hub.
Economy Watch: More Economic Encouragement
Ahead of official U.S. GDP numbers, 46 economists surveyed by USA Today are predicting that the economy will grow at an annualized rate of 3.2 percent to 3.4 percent each quarter of 2011 — an uptick in optimism.
Dallas Multi-Family Project Cinches Loan
The 341-unit property is scheduled to open next year in the city’s Design District.
Hotels Draw Buyers
A vintage California property and a hotel in the nation’s capital are only the latest signs of heightened investor interest.
South Florida Retail Center Fetches $66M in Sale to REIT
New owner Federal Realty Investment Trust cited the property’s densely populated Broward County trade area as well as its significant redevelopment potential.
Ground Broken on Cleveland Center
Developed by Merchandise Mart Properties Inc., a division of Vornado Realty Trust, the $465 million Medical Mart & Convention Center has already attracted commitments from a lengthy list of convention planners as well as businesses hoping to pre-lease space.
Economy Watch: Homebuilders Still Blue
Builder confidence in the single-family housing market stayed unchanged at a sub-basement level of 16 for a third consecutive month in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. An index of 50 or more means builder optimism. Sixteen means something else altogether.
Financing Closes for Bravern Office Commons
With the assistance of real estate services firm Holliday Fenoglio Fowler L.L.P., Principal Global Investors secured $205 million in financing for the acquisition of the 755,000-square-foot office component of the mixed-use The Bravern development in Bellevue, Wash.
Economy Watch: Consumers Laid Out Cash in December
The U.S. Department of Commerce reported that retail sales were up 0.6 percent in December compared with November, the sixth monthly uptick in a row. For the entire year of 2010, retail sales were up 6.7 percent compared with the previous year, the strongest annual gain since 1999.