News

Economy Watch: Pimco Predicts Stormy Times Ahead for CRE

The company’s recent report points to several factors that could lead commercial real estate prices to fall as much as 5 percent in the next year.

Station Plaza in Downtown Philadelphia, rendering

Brandywine, Drexel Unveil $4.5B Plan for Philly Transit Hub

The 35-year plan, centered on Amtrak’s 30th Street Station, is set to bring 18 million square feet of mixed-use development to downtown Philadelphia.

Värde to Buy Master-Planned Community in Utah

The transaction includes 500 finished home sites, a retail district and 2,500 acres of developable land.

1140 Avenue of the Americas, New York City

American Realty Capital Snaps Up NYC Office Building

The 22-story asset was acquired from an affiliate of Blackstone Real Estate Partners VI.

SouthBay Pavilion

Forever 21 Anchors KTGY-Designed SouthBay Pavilion Expansion

The retailer will join a number of food concepts at the new section of the mall.

DC’s Most Famous Hotel is Back in Business

After a $125 million renovation, the prestigious Watergate Hotel is welcoming its first guests in nearly a decade.

Hard Rock’s Flag to Fly at Posh London Hotel

The legendary rocker Jimi Hendrix once favored the property, which is expected to debut as the Hard Rock Hotel London in 2018.

Defunct Mall to Get Corporate Makeover in Memphis

ServiceMaster will convert the defunct Peabody Place retail center into its corporate headquarters.

I.CON Special Report: Industrial’s “Biggest Disruptor”

Experts at NAIOP’s conference weigh the impact of e-commerce.

KONE Opens Hub in Dallas Metroplex

The Dallas-area facility will serve as an innovation center for the global elevator and escalator company.