News
Economy Watch: The Scoop on Metro Area Employment
Just before Independence Day, the Bureau of Labor Statistics gave more detail about the U.S. employment picture.
International: Hilton, Marriott Dominate in Africa
W Hospitality Group has released the 7th edition of its annual survey that sizes up the international hotel chain development intentions and activities in Africa.
The Lone Star State Takes Home Five TOBY Awards
On June 30, more than a dozen national and international commercial projects were recognized for their quality and excellence at the Building Owners and Managers Association (BOMA) International annual conference in Los Angeles.
Bellwether Expansion: Southeast Progression Consumes Capital Advisors
Bellwether Enterprise Real Estate Capital, LLC continues its expansion in the United States. The Cleveland-based company has recently strengthened its presence in the Southeast with the acquisition of Capital Advisors, Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte.
White Lodging Doubles Down on Garden Inn Hotels
White Lodging has recently taken over management of two Hilton Garden Inn hotels located in two neighboring states.
Washington REIT Bags Trophy in Arlington
Washington Real Estate Investment Trust continues its hunt for D.C.-area properties. The REIT’s latest acquisition is a large apartment community in Arlington.
San Mateo Company Looks to Float on Microsoft’s Cloud
Redmond, the small city in the Puget Sound area, is most often referred to in relation with its famous resident: Microsoft. The software behemoth is the financial backbone of Richmond and the main driver of both commercial and residential real estate. San Mateo, CA-based private investor G.W. Williams Co. recently entered the market with the purchase of a residential property in the proximity of Richmond’s major employment centers.
Phoenix: Valley of the Value-Added Opportunities
A 224-unit apartment community in Phoenix was recently sold for $9.64 million.
NYC Investor Takes 2 Office Buildings
New York-based real estate investment company Valor Capital Partners joins the investors attracted by Austin’s desirable commercial office market. Recently, the firm announced the acquisition of two Class B office buildings, previously owned by a Dallas investor.
Food Distribution Center Underway Near Frankfurt Airport
An industrial site located only 6 miles from Frankfurt Rhine-Main airport and directly adjacent to the motorways A3 and A60 is going through some major transformations.