News
Public-Private Partnership Makes Waves in California
A deal for a $520 million civic project is called the first of its kind in North America.
Economy Watch Weekly: Sluggish Retail Sales Despite Lower Gas Prices
Why aren’t retail sales increasing faster now that consumers don’t have to spend as much money on gas? Economy Editor Dees Stribling addresses this question and more on the retail sector, for the week ending April 15, 2016.
ULI Special Report: REITs Revitalize Philly’s Market Street
ULI 2016 Spring Meeting attendees toured recent and under-construction properties from Brandywine Realty Trust and Liberty Property Trust that are transforming Center City.
Los Angeles’ Largest Rental Developments Completed in 2015
Last year’s balance sheet shows 23 new rental projects of 50+ units were completed in the area, adding 3,782 new apartments to the inventory.
Malaysia’s Tallest Tower Project Launches Under New Name
The 118-story tower is part of a 19-acre, multi-phase development set between some of Kuala Lumpur’s iconic historical landmarks.
$100M Mixed-Use Development to Include Royal Oak City Hall Offices
The mixed-use project will include the Royal Oak City Hall, a police station, a parking garage and 130,000 square feet of leasable office space.
DoubleTree near Dupont Circle Commands $65M
REIT Xenia Hotels & Resorts said the sale price represents a 5.5 percent cap rate on 2015 NOI and a 15.7 multiple of the asset’s EBITDA.
Airbus’ Ashburn, Va. Facility Expands, Adds Employees
The aircraft manufacturer pledged to invest an additional $1 million in the facility, turning the Loudoun County location into the company’s largest material distribution center by customer volume.
Chicago Officials Celebrate 1871 Startup Hub Expansion
City officials recently celebrated the expansion of 1871 and the addition of more than 700 new jobs to the city’s growing tech sector.
HFF Lands $100M Financing for Chicago’s 125 S. Clark
HFF secured financing for a 20-story office building originally constructed by the renowned Daniel Burnham in the Windy City CBD.
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