News
DLC Management Relocates HQ
With the help of TPG Architecture, DLC is designing its new headquarters, a 19,533-square-foot office space at the soon-to-be renovated Taxter office building in New York.
Noble Capital JV Launches $250M Texas Fund
US Capital Investment Management will serve as general partner for the new real estate fund, which will focus on major areas such as Austin, Houston, San Antonio and Dallas/Fort Worth.
Greysteel Opens First NYC Office
In order to accommodate the company’s continuing growth throughout the Mid-Atlantic, Greysteel will be opening a new location in Brooklyn Heights. The new office will be co-led by Michael Stimler and Ari Firoozabadi.
Virtua to Develop SpringHill Suites Hotel in Avondale
A Virtua Partners-sponsored hotel will break ground this November, with entitlements currently being processed though the City of Avondale. The 130-key room property is part of a 58-acre mixed-use project.
Sage Hospitality Opens Denver Hotel
The Dairy Block is a mixed-use development also featuring a six-story office tower, 66,000 square feet of restaurant and retail space, and a 380-spot below-grade parking garage.
Economy Watch: Fed Likely to Keep Raising Rates, Reduce MBS Holdings
Though not definite, the Federal Open Market Committee’s latest meeting notes hint that the Fed is sticking with its plans to make borrowing more expensive, while reducing the size of its $4.5 trillion balance sheet later this year.
AmTrust Expands Chicago Team
The company named Frank Laisch as vice president. Previously a business development manager at National General Insurance Co., he brings a strong background in real estate sales and management, insurance, mortgage settlement services and homebuilding industries.
Michael Hines Moves Up the Ladder at CBRE
Michael Hines is the region’s top producer and the first to earn the vice chairman title, the highest possible for producers within the company.
A123 Systems to Build $40M HQ in Michigan
The 150,000-square-foot campus will replace the company’s leased spaces in Livonia and Romulus, serving as a workplace for more than 400 employees upon completion.
Hilton Norfolk The Main Welcomes First Guests
The 21-story, 300-key downtown hotel features four dining experiences, meeting space, a ballroom, a fitness center, a business center, a 24-hour pavilion pantry market and an indoor pool.