News

Economy Watch: IMF Predicts Continued Economic Sluggishness

The modest growth project of 3.2 percent is more or less in line with last year, but uncertainty has increased and the risks of weaker growth scenarios are becoming more tangible.

Wynn Makes Play for New $1.6B ‘Beach’ Resort in the Las Vegas Desert

Wynn Resorts has teamed up with Crystal Lagoons to develop a massive mixed-use project around a 38-acre lagoon and artificial beach.

GM Financial Plans Servicing Center in San Antonio

The company’s new service center in the city’s Far West Side area will house up to 700 employees and is scheduled for completion in 2017.

Kimco Realty Takes Full Ownership of Two Florida Assets

The shopping center REIT shelled out $299 million to acquire the last remaining stake in the assets from the Canadian Pension Plan Investment Board.

REIT Veteran to Take Helm at Brixmor

Two months after a leadership shakeup, the retail owner/operator is bringing in James Taylor of Federal Realty Investment Trust as its president & CEO.

University of Florida, JLL & Front Street Team-Up for Innovation Square Management

Ayers Plaza, located within the Gainesville Innovation Square, draws UF, JLL and Front Street as property managers and leasing agents.

Steinway & Debuts Midtown Manhattan Headquarters

The world-renowned piano maker has debuted Steinway Hall, its new global flagship, at 1133 Avenue of the Americas.

Economy Watch Weekly: What No Interest Rate Hike Means for CRE

The Fed announced there would be no interest rate hike for now, but what about the rest of the year? Economy Editor Dees Stribling weighs in on how this decision affects the real estate industry, for the week ending April 8, 2016.

Van Buren Office Park, Herndon, Va.

Economy Watch: Office Vacancy Down in Most Markets But Up Overall

CBRE Group’s latest quarterly office market report shows that while the national vacancy rate edged up in 2016, it still remains at its lowest level since 2008.

Brian Sims, general manager of Embassy Suites by Hilton Nashville South Cool Springs

JQH Appoints New General Manager in Tennessee

Brian Sims will oversee day-to-day operations of the Embassy Suites by Hilton Nashville South Cool Springs in Franklin, Tenn.