News
Detroit’s New Playground Space Promotes Michigan’s Outdoors
A new outdoor activity center that aims to bring a touch of “up north” in downtown Detroit is set to open in along the city’s east riverfront in less than one week.
Feeling Lucky? Google Lists More Details About Metro Atlanta Expansion
Following last month’s announcement of a $300 million expansion at the tech giant’s Lithia Springs data center facility, Google is shedding some more light on the project.
Bellevue Center Redevelopment Reaches Major Milestone
The old Bellevue Center mall has taken a step forward after the Industrial Development Board approved additional funds in the tax increment financing plan for its redevelopment.
Breaking Unit Price Records in Brentwood
A Brentwood multifamily asset just broke the per-unit price record for an L.A.-area multifamily property not located near the ocean. Villa Montana is the property in question, a 20-unit residential community that traded for just over $20 million, or $1,002,500 per unit.
Economy Watch: Retail Volatility
By Dees Stribling, Contributing Editor Monthly numbers show just how volatile parts of the economy can be. In May, retailers were presumably glad to see total U.S. retail sales rise 1.2 percent, according to the Census Bureau (since then revised to only 1 percent, but that’s still pretty good for one month). The month before, in April, retail sales didn’t move at all compared with March. Now sales have swung back in a downward direction: the bureau reported on Tuesday that U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not…
International: Toronto REIT InnVests in Hotel Markets
InnVest Real Estate Investment Trust has agreed to acquire interests in two Canadian hotel properties.
Reel Deal: AMC Theatres’ New Stars
AMC Theatres, already one of the top three largest movie theater chains in the U.S., is about to grow even larger.
SARES-REGIS’ Big Plans in Little Ontario
SARES-REGIS Group has scooped up the largest developable land in the western end of the Inland Empire. And it’s got big plans.
Digital Realty Confirms Rumors
Digital Realty Trust, the largest data center REIT, is getting bigger.
Local Firm to Manage Leasing of Kane Plaza, Moves in While at It
The owners of Kane Plaza have selected a Sarasota-based commercial real estate company as the new property management and leasing firm for the iconic property.