News
Foreign Investment Undeterred in Houston
Foreign investors seem undeterred by the oil slump in Houston seeing as Vancouver, BC-based Nicola Crosby Real Estate recently acquired Mason Creek I, a two-story, fully leased, 135,716-square-foot office building in Katy, Texas.
Florida Developer Takes on Redevelopment of Guerin-Decorated Office Building
The Huntington BuildingOne of Cleveland’s historic buildings is now under new ownership. The Huntington Building is not only one of the largest multi-tenant office buildings in the city, but also one of the largest such properties in the state of Ohio.
Hersha Hospitality Snaps Up Third Hotel In DC’s CBD
St. Gregory Hotel & SuitesHersha Hospitality Trust is expanding its presence in the Washington, D.C. area. The REIT has recently announced it has entered into a purchase agreement for a hotel in the city’s central business district. It will be Hersha’s third hotel in the CBD.
Denver Investor Enters San Antonio Market
Privately owned hotel operating and development company Silverwest Hotels, LLC recently expanded its portfolio while entering the San Antonio market. The Denver-based investor announced the acquisition of three Hilton and Marriott branded hotels which total 313 rooms.
Core Seattle Retail Starts Pricing Out Investors
As the core of the Seattle MSA is slowly being suffocated by investor interest, focus is slightly shifting to areas with less pressure from flowing capital. A case in point is the recent sale of Woodinville Plaza, on the Eastern end of the Puget Sound area. Its location in an affluent neighborhood of the Seattle metro, combined with a large population, makes the retail asset almost perfectly fit the profile of the new hot commodity in the area.
Hyatt Introduces New Lifestyle Brand to Miami Beach
The hospitality giant’s newest full service lifestyle brand designed for business and leisure travelers debuts in Miami Beach. Hyatt Centric South Beach is the second property worldwide to open under the Hyatt Centric flag. Hyatt introduced the new brand in January and proposed the opening of more than 15 locations for this summer in cities like New York, Paris, Atlanta and Chicago.
Denver Leading the Way towards Sustainable Communities
The cities of Denver and Arvada, Colo. are leading the way towards sustainable communities in America.
Courtyard by Marriott Keen on Europe
The brand owned by Marriott International is opening two new hotels in the following countries.
Cumberland Community Makes Final Pitch to Save Century-Old Church from Wrecking Ball
A development plan that includes senior housing and retail space could save a historic church in Cumberland from demolition.
Q&A with Geoff Murken and Dino Persichetti, VPs of New Skanska USA Location
Skanska USA, the American division of the world’s seventh-largest construction and development company, has officially established a presence in Pittsburgh.