News
Economy Watch: Holiday Retail Sales Saw Uptick in ’15
Consumer spending for the holiday season is very positive.
Economy Watch: What Do Low Energy Prices Mean for CRE?
As 2015 comes to a close, energy is cheaper than it’s been in years.
Finance Column: A New Avenue for SBA 504 Lending
By Rich Grant, Executive Vice President, TMC Financing: As the population ages, developers addressing senior housing demand may want to consider SBA 504 lending.
Matrix Monthly: 2015 Rents Exceed Average
The Yardi Matrix Monthly report for December 2015 revealed a year-over-year increase well above the national historic averages.
Williamsburg Mixed-Use Sets Sights on 2016
Heritage Equity Partners and Rubenstein Partners have submitted plans to develop 25 Kent Ave., a proposed 480,000-square-foot project.
NGKF Picks Up Former Cushman Affiliate
Newmark Grubb Knight Frank has acquired Cincinnati Commercial Real Estate, an established real estate group that handles office, industrial and retail leasing and investment sales.
New D.C. Hampton Inn & Suites Ready to Play Ball
Hampton Inn & Suites by Hilton Washington, D.C.-Navy Yard has made its debut in the nation’s capital, adding 168 guestrooms across from the Nationals Park baseball stadium.
Gencom Closes Caribbean Resort Disposition
The Florida-based hospitality and mixed-use real estate investment firm and its partner, Private Equity Group, have sold the 295-room Marriott Grand Cayman Beach Resort in the Cayman Islands.
Self-Storage Operator Adds to Portfolio
StorageMart has acquired self-storage facilities in three states, adding 57,381 square feet of storage space and 2,690 units to the company’s portfolio.
Skanska to Continue Boardwalk Reconstruction
Skanska, the global construction company, has signed a $63 million contract to continue reconstructing nearly six miles of Rockaway Beach Boardwalk, which was destroyed by Superstorm Sandy.