News
Residence Inn by Marriott Breaks Ground Near Universal Studios Florida
The 196-key Residence Inn Universal Studios hotel, which will create nearly 500 construction jobs, is expected to open in 2017.
Economy Watch: Construction Employment Up in Most States
Construction is one industry that doesn’t seem to be concerned about the possibility of a recession, at least in most parts of the country.
HCP Announces CFO Transition
HCP Chief Financial Officer Timothy Schoen is leaving the company to become president of BioMed Realty.
CVMC REIT II Acquires Two Data Centers near Atlanta, Detroit
Carter Validus Mission Critical REIT II Inc. expands in Florida and Michigan with the addition of two data centers to its growing portfolio.
Capital Metro Approves Endeavor’s Redevelopment Plan for Plaza Saltillo
Endeavor Real Estate Group will redevelop the 10-acre site into a mixed-use, transit-oriented district.
Marcus & Millichap Closes Sale of Downtown Hotel in Music City
Marcus & Millichap has facilitated the $58.2 million sale of the Hampton Inn & Suites Nashville Downtown.
Del Webb Stone Creek to Open RV, Boat Storage this Summer
A new storage facility for RVs and boats will soon add to a variety of amenities at Del Webb Stone Creek, a retirement community located in Ocala, Fla.
Anbang Consortium Ups the Ante for Starwood, Surpassing Marriott’s Latest Bid
The Chinese insurance group made a $14 billion offer to acquire Starwood Hotels & Resorts Worldwide, topping Marriott International’s most recent bid.
Massive New Diabetes Medical Facility Breaks Ground near Raleigh
Novo Nordisk broke ground on a new 833,000-square-foot medicine production facility in Clayton, N.C., a project expected to create 700 new jobs in the area.
Global Capital for CRE Investment Reaches New Heights in 2015
The latest report from Cushman & Wakefield shows that 2015 was a record year for global capital targeting commercial real estate.