News

Economy Watch: Construction Spending Edged Up in November

U.S. construction spending during the first 11 months of 2016 hit $1,070.9 billion, up 4.4. percent from the total for the same period in 2015, the Census Bureau reported.

Three Ravinia

PAC Buys Atlanta Trophy Office Tower

Three Ravinia, a 31-story building in the Central Perimeter, was developed by Hines in 1991.

1780 Birchwood Ave., Des Plaines, Ill., courtesy of Brennan Investment Group

Brennan Sells Prime Windy City Warehouse

Morgan Stanley is the new owner of the 140,000-square-foot industrial facility at 1780 Birchwood Ave.

14001 Jetport Loop

Monmouth Snags FedEx-Leased Warehouse

The industrial building is located directly across from Southwest Florida International Airport.

Charlotte’s Motor Speedway Commerce Center Trades for $11M

Purchased by Pegh Investments, the 180,000-square-foot Concord building changes hands, but remains in the NASCAR family.

Village Pointe, San Antonio

Hartman JV Acquires San Antonio-area Retail Asset

Village Pointe was 93 percent leased at the time of the transaction.

Bardin Square Acquires Office Property in Arlington

The company plans to spend $600,000 to renovate the facility.

New Hilton Garden Inn Coming to Oregon Area

The 120-key hotel is located ten minutes away from the airport in Medford, Ore.

Julia Coronado Joins the MTGE Board

Currently chief economist for Graham Capital Management, Coronado brings several years of financial services industry experience to the board.

$150M Resort Opens in Cabo San Lucas, Mexico

Grand Velas Los Cabos offers 304 ocean-view units with all-inclusive amenities.