News
CPE 100 Quarterly Sentiment Survey: Industrial Named 2015’s Hottest Development Sector
According to the CPE 100, industrial development offers the strongest growth potential, while some executives see investment rather than building as a better bet for multi-family assets.
FTI Consulting Signs 17 KSF Lease at One Biscayne
FTI Consulting Inc. has recently moved to One Biscayne Tower from Miami Center.
21c to Convert Old City Hall in Indianapolis into $55M Hotel-Museum
21c Museum Hotels is planning to invest approximately $55 million into the revitalization of the Old City Hall in downtown Indianapolis, which will bring a 150-key hotel and a public contemporary art museum.
Economy Watch Weekly: Is Residential Market’s Sluggishness Affecting Parts of Commercial Side?
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Feb. 27, 2015.
Economy Watch: Construction Spending = Better Times for Office, Hotel Markets
Among non-residential property types, office and hospitality properties are the clear winners when it comes to construction spending in January compared with last year.
Prologis Breaks Ground on 1.02 Million Sq. Ft. Warehouse in Carlisle
San Francisco-based warehouse giant Prologis broke ground on a massive distribution center at its Prologis Park Carlisle II business park in Carlisle, PA.
Prudential Grabs Mid-Continental Plaza Office Building in Chicago
Prudential Real Estate Investors, a subsidiary of Newark, NJ-based Prudential Financial, Inc., has acquired a 49-story office property at 55 E. Monroe in Chicago.
Duke Sells Last Six Northeast Ohio Office Buildings for $20M
Duke Realty Corp. is leaving the Northeast Ohio commercial real estate market. The Indianapolis-based REIT has recently sold its last six office buildings in the area.
Baltimore’s Church Square Shopping Center Changes Hands
Baltimore’s Church Square Shopping Center is now under new ownership. The property’s former owner, a joint venture between The Hampshire Companies, of Morristown, N.J., and Baltimore-based MCB Real Estate, sold it to Kodiak Properties, LLC and Burley Church, LLC, for an undisclosed price. KLNB, LLC represented both the buyer and the seller in the transaction.
Avison Young Says Hello to Minneapolis
Check the Twin Cities off the list. Continuing its rapid U.S. expansion, Avison Young has entered the Minneapolis-St. Paul market.
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