News
Whole Foods to Expand in Baltimore’s Harbor East with New Flagship Store
Whole Foods Market is expanding in downtown Baltimore. The supermarket chain recently announced it will relocate to 711 S. Central Avenue, where it will occupy almost 50,000 square feet of space, more than double the size of its current location.
Economy Watch: West Coast Crises’ Impact on Real Estate
Recent and potentially long-term events on the West Coast are threatening to do some harm to the U.S. economy, and with it certain aspects of the commercial real estate market, and maybe not just in California.
Economy Watch Weekly: Retail’s Positive Present, Murky Future
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Feb. 13, 2015.
INTERNATIONAL: World’s First Hotel Staffed by Robots Opens in Japan
A theme park located in Japan’s Nagasaki Prefecture will soon get a hotel partially staffed by robots capable of identifying human faces.
Transwestern Development to Mix it Up in Austin
Austin continues to be one of the top performing cities in the country and Transwestern Development Co. is making a move to help answer demand for a range of commercial real estate accommodations in the thriving city.
Goodbye to Vegas Hotel!
The rumor mill in Las Vegas was spinning like a roulette wheel on Monday with speculation that the oldest hotel-casino on the Strip, often used in films, would be bought.
Luxury Hotel in Philadelphia Market Lures Lenders
An adaptive re-use hotel in the City of Brotherly Love has gotten a financial boost from lenders.
Goodwill Industries of the Chesapeake Buys Office Building in Downtown Baltimore
Goodwill Industries of the Chesapeake has recently purchased a new building in downtown Baltimore. The acquisition is part of the workforce development agency’s plan to expand the number and quality of services it provides to unemployed and underemployed residents of Baltimore.
SunTrust Bank Tower Sold to South American Group for $140M
Also known as the SunTrust Bank building in Brickell, the 13-story waterfront tower at 777 Brickell Avenue changed hands recently. An undisclosed South American investment group purchased the property and CBRE Capital Markets closed the $140 million sale, marketing the office tower and an adjacent 5-story parking on behalf of an institutional investor advised by CBRE Global Investors. Based on a Property Shark report, Brickell Office Plaza Inc. was the last owner, who acquired the asset in late September 2002 for $44.5 million.
Davidson Hotels, Silverpeak Real Estate Acquire 499-Key Hyatt Regency in Indianapolis
Georgia-based Davidson Hotels & Resorts has joined forces with Silverpeak Real Estate Partners of New York to acquire the iconic 22-story Hyatt Regency in downtown Indianapolis from Hyatt Hotels Corporation. Terms of the deal were not disclosed.
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