News
CBRE Tapped to Lease Lake Mary Portfolio
By Balazs Szekely, Associate Editor Banyan Street Capital and Oaktree Capital Management L.P. have put CBRE Group Inc. in charge of leasing at Primera Towers I, II and IV, a three-building Class A office portfolio in Lake Mary. Located at Crescent Executive Court and Primera Boulevard, the recently renovated properties total 428,672 rentable square feet […]
Economy Watch: Construction Costs Outpace Inflation
It’s been a long time since inflation has been more than a whimper, but, by contrast, construction costs are rising at a stiffer pace.
Developer Must Pay NYC $4.4M in Back Taxes for Running Illegal Hotel
Affiliates of Los Angeles developer CIM Group must pay $4.4 million into a special New York City fund after an investigation by the State Attorney General’s office found it had been running an illegal extended-stay hotel in Manhattan while receiving affordable housing tax breaks.
International Campus Feeds Frankfurt’s Student-Housing-Hungry Market
International Campus has responded to Frankfurt’s strong demand for student housing with plans to build another facility.
Kimco CEO Retires; Replacement Picked
The owner-operator of the largest publicly traded portfolio of neighborhood and community shopping centers in North America is on the verge of experiencing a major change at the top.
Chatham Lodging Trust Shells Out for San Diego Inn
Chatham Lodging Trust has started out the new year with a San Diego acquisition.
Opus Completes Construction of Build-to-Suit Technology & Engineering Center for Charter
The Opus Group has announced the completion of construction on the Charter Communications Technology & Engineering Center in Englewood, Colorado.
Out-of-State Investor Group Buys Crabtree Valley Office Building for $7M
The five-story TrustAtlantic Bank office property at the corner of Glenwood Avenue and Creedmoor Road in Raleigh has a new owner.
TWITTER CHAT: Kevin Thorpe Shares Economic Predictions
Nation’s Most Accurate Economic Forecaster chatted with CPE on Twitter. Read the transcript!
Economy Watch: Why Are CRE Execs a Little Worried?
Commercial real estate might be having a pretty good run now, but CRE executives are still a bit edgy.