News
IHG, Sam Chang Continue New York City’s Hotel Glut
By Veronica Grecu, Associate Editor There’s a plethora of hotels in New York, but the city’s robust hospitality market will always make room for more. A new Crowne Plaza is scheduled to open in Midtown Manhattan in 2017, InterContinental Hotels Group (IHG) announced last week. Owned by LRR Holdings, LLC—a Nevada-based hospitality company controlled by […]
Roslindale Self Storage Sold to The Grossman Companies
A family-owned real estate company expanded its self-storage portfolio in Boston with the acquisition of a 44,000-square-foot property in Roslindale, one of the city’s primarily residential neighborhoods.
Downtown Manhattan’s Brookfield Place Celebrates Grand Opening
High-end malls are playing a leading role in the return of the retail sector.
Economy Watch: Lackluster GDP, But RE Growth Better
The U.S. GDP is not spectacular, but its growth reveals some positive tendencies for commercial and residential real estate.
New Hospital Opens in South Hall County
Northeast Georgia Health System announced the opening of a brand new South Hall County hospital. The 100-bed facility is located at 1400 River Place in Braselton, about 40 miles northeast of Atlanta.
Tishman, AXA JV Acquires Amalgamated Bank of Chicago Headquarters
Amalgamated Bank of Chicago has sold its headquarters at 100-112 S. State St. to a joint venture between Tishman Realty Corp. and AXA Real Estate.
West Hollywood Apartment Community Earning Above Average Prices
A West Hollywood apartment property located in the vicinity of the Pacific Design Center recently traded hands at a per-unit rate that more than doubles the average residential unit price in L.A. According to Marcus & Millichap, whose representatives arranged the transaction for both parties involved, the seller received a total of $8.25 million for the asset. First Vice President Investments in Marcus & Millichap’s West L.A. office marketed the property on behalf of the seller while Los Angeles office senior associates Michael Hanassab and Elliot Hassan advised the buyer.
International: JLL Arranges Record-Breaking Deal for Helsinki Development Project
The REDI Shopping Centre development project in Helsinki is well underway as a financing deal has been struck with a syndicate of banks.
Plasma Donation Company Enters Mid-Atlantic Market
The life-science sector is growing its way to Glen Burnie, Md.
New Space Measurement Standards Talk of the Town in DC
The head of the District of Columbia Building Industry Association says that the nation’s capital can be at the forefront of introducing new International Property Measurement Standards in the United States.