News
Blackstone Partners with Former DDR CEO
It didn’t take former DDR CEO Dan Hurwitz long to find a new position. Barely a month after leaving the shopping center REIT, Hurwitz will be partnering with Blackstone’s retail real estate portfolio companies.
Associa Brings Its Community Management Services to Tucson
Community association management firm Associa has recently introduced Associa Arizona by opening its newest location in Tucson, on January 26.
Economy Watch: Residential Sales Better, But Not Completely Healthy
Housing, while back from the Great Recession abyss, has slipped into a walking-dead state.
Carmike Cinemas Breaks Ground on 12-Screen Movie Theater at Las Estancias Development
Southwest Albuquerque has broken ground on a 12-screen movie theater at the new Las Estancias, a 79 acre development near Rio Bravo and Coors. This marks the entrance in a new era as it represents the first time in over five decades when the South Valley is getting the chance for a night out at the movies.
Coastal Construction Group to Build 25-Story South Tower for Condo Project
The same contractor will be in charge of construction at the second tower of the Marina Palms Yacht Club & Residences condo project that was assigned to build the first one back in 2013, according to the developers.
Stearns Weaver Miller Expands HQ, Signs Record Lease
Continental Real Estate Companies has landed the largest lease of 2014 in Miami’s Central Business District. Stearns Weaver Miller renewed its contract at Museum Tower for 10 years and expanded the footprint of its headquarters by 7,000 square feet. The law firm now occupies 110,000 square feet in the Class-A office building at 150 West Flagler Street.
Teagan Development to Redevelop Historic Industrial Complex in Indianapolis
A vacant portion of a massive industrial property at 1125 Brookside Avenue in downtown Indianapolis could soon be converted into a mixed-use structure with retail, restaurant and small manufacturing space.
Ashford Hospitality Trust Buys Memphis Marriott East Hotel for $43.5M
By Liviu Oltean, Associate Editor Ashford Hospitality Trust Inc. signed a definitive agreement to purchase the 232-room Memphis Marriott East Hotel for $43.5 million or $187,500 per room. According to an official statement, the acquisition price represents a trailing 12-month cap rate of 7.6 percent on net operating income. “This transaction was particularly attractive given […]
Hines Finds Buyer for Pointe Metro Office Property in Suburban Paris
Hines may have had trouble initially finding a buyer for its Paris-area asset due to the state of the market, but now a purchaser has appeared for the 256,000-square-foot office building.
Auction.com Launches National Hospitality Division
Auction.com has expanded its hospitality business with the formation of a new division focused specifically on the sale of hotel properties.