News
500-Key Hotel Mapped Out for $3B Tampa Project
Connected to the existing Marriott Waterside Hotel & Marina and adjacent to the Tampa Convention Center and Amalie Arena, 10 Water Street will be one of the first components of Strategic Property Partners’ $3 billion mixed-use project.
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.
PA Launches Green Tower Expansion
The Pennsylvania Housing Finance Agency’s 40,000-square-foot expansion in Harrisburg is incorporating Passive House principles to target net-zero energy consumption and LEED Platinum certification.
Home Depot-Anchored Retail Center Trades in Phoenix
PASSCO Cos. sold the Laveen Village Marketplace to Litwin Management. The 56,747-square-foot asset sits within the Phoenix-Mesa-Scottsdale Metropolitan Statistical Area.
Philadelphia Plaza Pushes Tolerance
Campus Apartments CEO David Adelman leads $7 million fundraising effort for Holocaust Memorial.
Tourism’s Power a Draw in Orlando
The metro is one of the fastest-growing employment markets in the country. An expanding young workforce—drawn by the area’s high quality of life and live-work-play options—is fueling demand.
Witkoff Grabs Unfinished Fontainebleau in Vegas for $600M
The real estate firm partnered with New Valley LLC on the purchase of the partially completed hotel casino project from Icahn Enterprises.
Duke Makes Big Strides at Lehigh Valley Park
Lehigh Valley in Pennsylvania continues to attract industrial tenants, as Duke Realty Corp. leased its recently delivered warehouse and started construction of a new industrial property in the same logistics park.
Anchor Health to Build FL Facility
Construction is set to begin in early 2018 on The Center for Advanced Healthcare at Brownwood, a 285,000-square-foot multi-specialty healthcare building that will be connected to the Brownwood Hotel and Spa at The Villages in central Florida. The project is part of an ongoing partnership between Anchor Health Properties and The Villages.
Economy Watch: Most Metros Enjoy Low Unemployment
Of the 388 U.S. metro areas, 340 had unemployment rates that were lower in July than a year earlier, according to a recent Bureau of Labor Statistics report.