News
W Hotels Expands Asia Footprint
W Hotels Worldwide continues its global growth with the opening of W Shanghai – The Bund, a 374-key hotel situated in the heart of Shanghai. Sinar Mas Group owns the asset.
Fairmont Hotels Expands in Saint Lucia
Fairmont continues to expand globally, with a 120-key hotel planned for the southwest coast of Saint Lucia. The project is slated for completion in 2019.
Mandarin Oriental to Open First Property in Australia Tower
The hotel and residences will be located in a $227 million, mixed-use tower designed by Zaha Hadid Architects, in Melbourne. The property will feature 196 keys and 148 luxury apartments.
Skanska Plans $84M Hotel in Stockholm
The 503-key hotel will be adjacent to the Arlanda Airport in Stockholm, Sweden. The company will kick off construction in August and the property is expected to come online by the end of 2019.
C&W to Lease Stamford Mixed-Use Community
RFR Realty’s Canterbury Green is a 245,000-square-foot mixed-use community located in Stamford’s CBD. The property includes 217,500 square feet of office space, 106 residential units, retail space and below-grade parking.
CPE’s Top 5 June 2017 Articles
Miss out on any CPE stories in June? Here are five of our most popular articles for the month, including a CBRE report on the world’s most expensive office markets and news on Newmark Knight Frank’s planned IPO.
Detroit’s Orchestra Place Changes Hands
Marcus & Millichap closed on the sale of the five-story office building located in the city’s Midtown neighborhood. The buyer was a regional investment group.
Economy Watch Weekly: The Nation’s Aging Population
The median age of the U.S. population rose by more than two years from April 2000 to July 2016, according to recent Census Bureau estimates. Economy Editor Dees Stribling discusses the aging population’s impact on the real estate industry.
Plastipak Pumps $15M in Louisiana Plant
The company intends to increase capabilities at the 862,000-square-foot facility by installing up to seven new production lines. This marks the second expansion at the facility.
Craft Beer Company Inks Queen Anne’s County Lease
Cult Classic Brewing will occupy the former ACME Supermarket building in Chester, Md., and is expected to start operations in 2018. The property is part of the Kent Island shopping center.