News
Iconic Hudson Site to Be Transformed into Mixed-Use Complex
The construction project meant to replace the former Hudson department store in downtown Detroit, once the tallest in the world, will bring 250 housing units and new retail spaces in the city, after the site was empty for 33 years.
Hersha Sells Manhattan Hotels to Chinese JV Partner
Hersha Hospitality Trust sold seven of its Manhattan hotels for more than $570 million, through the closing of a joint venture with Cindat Capital Management.
Duke Energy Boosts Solar Holdings with Six New N.C. Projects
Duke Energy Renewables recently acquired six North Carolina solar projects, which will generate enough solar energy to power about 6,000 homes.
Two New Cambria Hotels to Open in Chi-Town in 2017
Choice Hotels International has plans to open two new Cambria Hotels & Suites in the Windy City next year, both of them in notable locations.
Yardi Matrix: Appealing Austin
Austin’s economic and multifamily sector growth continues unabated, although the heavy supply pipeline triggers fears of overdevelopment, Yardi Matrix data and analysis shows.
COCO Selects Windy City for Fifth Coworking Location
The collaborative workspaces provider has acquired Enerspace Chicago and moved into its new West Loop offices.
The Reinvention of the Nation’s First Modern Shopping Mall
The City of Southfield is undergoing probably one of the most interesting revival commercial property projects in the country.
Economy Watch Weekly: No Interest Rate Hike—for Now
Economy Editor Dees Stribling discusses the factors that likely contributed to the Fed’s decision to leave interest rates unchanged, for the week ending April 29, 2016.
Economy Watch: Lending Standards for CRE Tighten in Q1
The Fed’s latest bank lending practices survey found most banks have tightened their standards on CRE loans in the first quarter, even though demand for these loans has strengthened at the same time.
DLA Piper Report: CRE Execs in the Caution Zone
DLA Piper’s latest State of the Market Survey explains why investors remain cautiously optimistic about commercial real estate in 2016.
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