News
Amazon’s Quest for HQ2 Broadens
Will it be Chicago? Irvine? Canada? According to a 2017 study by Development Counsellors International, survey respondents choosing the three most favorable U.S. business environments placed Texas first with 42 percent.
Industrial Investment to Stay Strong in 2018: RCM/SIOR Report
Based on a September survey of RCM principals and SIOR members, the report concluded that strong fundamentals, including robust leasing and rising rents, should keep the industrial investment sector on the healthy run it has had since 2011.
DivcoWest Breaks Ground on 45-Acre Mixed-Use Project
The company is re-launching the long-proposed Boston development site now known as Cambridge Crossing. In addition to office space, the development will have retail shops, an 11-acre public park and as many as 2,400 residential units.
Drury Buys Land for Future Arlington Hotel
Transwestern arranged the sale of a nine-acre site at Lincoln Square West. Drury will develop the first full-service, 268-unit hotel in North Arlington.
Port 10 Logistics Center to Break Ground in Baytown, TX
Pontikes Development will break ground on a 3 million-square-foot speculative warehouse and distribution park near Port Houston. The project will be built in phases, with the first one slated for delivery in the third quarter of 2018.
Velocis Annexes Two Sugar Creek to Its Office Portfolio
The 143,000-square-foot office development, located in one of Houston’s best markets for office occupancy, was 85 percent leased at the time of the transaction.
Asian Investors Flock to Downtown LA
Mega-luxury projects are taking shape in the area, helping revitalize the city. But some executives at the 2017 ULI Fall Meeting expressed concern about the potential for oversupply.
HMC Awarded Management of ABQ Hotel
The 104-key Holiday Inn Express Albuquerque is now part of the growing number of hotels that Hospitality Management Corp. operates.
What Lies Ahead for Financial Markets and the Global Economy
Mohamed El-Erian, chief economic advisor at Allianz, opened the recent 2017 MBA Annual Convention and Expo in Denver by outlining his views of the key issues to monitor in the short term as well as the long-term traits that will help guide firms through the next recession.
Skanska Disposes of $29M Swedish Nursing Facility
The project comprises a retirement home with 72 apartments on five floors. The facility is scheduled for completion by spring 2019.