News
Sakthi to Invest $31 M in Former Detroit High School, Create Hundreds of New Jobs
An abandoned high school in Southwest Detroit was selected by the U.S. subsidiary of Indian auto supplier Sakthi Group for a massive redevelopment project that will create hundreds of new jobs and—quite possibly on the long run—put Motorcity back on the American automotive industry map
Cushman & Wakefield Sells Rent-Stabilized Multifamily Portfolio in Clinton Hill
A portfolio of four contiguous multifamily assets in the Clinton Hill neighborhood of Brooklyn was recently sold for $38 million to EastCoast MIG.
Multi Housing Advisors Represents Sellers in $40M Deals
Multi Housing Advisors, 2014’s most active brokerage firm in the Southeast, recently represented the sellers of two multifamily properties that netted close to $40 million in separate transactions
27-Property Texas Industrial Portfolio Changes Hands
A private fund saw strong upside growth potential in the 27-building industrial portfolio it picked up.
International: DAMAC to Build Upscale Retail Strip in Dubai
Dubai’s AKOYA Oxygen will be getting another addition to its planned major lifestyle hub.
CIM Group Sells Oakland Marriott Hotel
Lodging is in demand in downtown Oakland, Calif., and CIM Group is capitalizing on it.
Wilson, Phelps Get Green Light for Mixed-Use Project
A joint venture between Douglas Wilson Cos. and Phelps Development L.L.C. has received the final approval from the City of Tempe to move forward with the development of One Hundred Mill, two mixed-use towers located on the former site of Monti’s La Casa Vieja at the corner of Rio Salado Parkway and Mill Avenue in Tempe.
Economy Watch: Two Tales of Employment Recovery
Two industries now have bearing on real estate: construction and hospitality.
Economy Watch Weekly: What Says the Jobs Report?
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended May 8, 2015.