News

Hampton Inn by Hilton Minneapolis-Roseville

Hilton Worldwide Opens Adjacent Properties in Suburban Minneapolis

Two new Hilton hotels–a Hampton Inn and a Home2 Suites–bring a combined 202 guestrooms and suites to the Minneapolis suburb of Roseville.

Economy Watch: Wage Growth Edges Upward

The Atlanta Fed’s Wage Growth Tracker reached a level not seen since early 2009, signaling some good news for the economy.

Michael Glimcher

Name Change to Follow Management Shakeup at WP Glimcher

CEO Michael Glimcher’s resignation signals that the retail REIT is on the verge of major changes.

CIM Group Grabs $191M Chicago Office Asset

The Los Angeles-based investor expands its Windy City footprint with the acquisition of the 40-story office tower.

500 Plaza Drive, Secaucus, N.J.

Quest Diagnostics Moves Closer to Manhattan

The company will bring approximately 600 employees to its new headquarters, allowing them to remain in New Jersey and have better proximity to public transportation.

One Vanderbilt in Manhattan

Tishman to Build NYC’s One Vanderbilt

Tishman Construction is in charge of the construction of One Vanderbilt, a $1 billion mixed-use office development in Manhattan.

CMBS Delinquencies

CMBS delinquencies by property type; $ in billions

Cap Rates

National cap rate performance based on properties and portfolios of $2.5 million and greater

Michael Glimcher

WP Glimcher CEO Steps Down

Along with Michael Glimcher’s resignation, the company plans to remove reference to the family from its name.

Economy Watch Weekly: Retail Sales Get a Boost

Economy Editor Dees Stribling examines the factors leading to increased consumer spending last month and if this trend will continue, for the week ending June 17, 2016.