News
Equity Commonwealth to Sell Hoboken Office Asset for Tidy Sum
Equity Commonwealth will sell the 13-story tower to Mack-Cali Realty Corp.
IKEA to Build 1st of 2 Illinois Distribution Centers as Part of Chicagoland Project Boom
IKEA’s future Joliet, Ill., distribution center is one of many industrial projects planned to take shape in the Windy City MSA this year.
Lone Star Closes Fifth CRE Fund with Money to Spare
The Dallas-based company closed its fifth commercial real estate fund with $5.5 billion in commitments.
Pontus Capital Secures $109M Loan for National Retail Portfolio
HFF managed to secure a $109 million acquisition loan for Pontus Capital to purchase a 61-asset retail portfolio in the Eastern U.S. and Northern California.
Scandic Hotels Takes Over Hotel in Finland, Plans Expansion
Scandic Hotels will open a new hotel in Vaasa, the largest economic center in Finland’s Österbotten region.
Are Metro Detroit’s Outdated Shopping Malls Going Extinct?
The life and death of shopping malls in the Detroit area. Can they be revived?
Spacer, Costockage Team Up to Expand Services in Asia
Australia’s “Airbnb of storage,’’ Spacer, and European firm Costockage will jointly launch their business in Asia’s growing self-storage market.
Zoned Properties Expands in Colorado
The company has proposed plans for a 35-acre expansion of its medical marijuana facility in Parachute, Colo.
Steinbridge Group Appoints First CEO
Former Wall Street and NYC Economic Development Corp. executive Tawan Davis has joined the Steinbridge Group as the first-ever CEO.
Economy Watch: Consumer Confidence Drops Modestly in April
Consumers’ inclination to spend declined slightly in April, indicating that their expectations for economic growth to gain momentum anytime soon are lower.