News
CohnReznick-NOI Merger Brings Strategic Synergies
Saying the combination will create an industry-leading commercial real estate consulting practice, CohnReznick, one of the top 10 accounting, tax and advisory firms in the United States, is acquiring NOI Strategies.
Forest City Enterprises Could be REIT by 2016
Calling it a “major milestone for the future of Forest City,” Chairman Charles Ratner said the board reached a decision to make the company public.
Opus to Develop M-F in Historic St. Louis Neighborhood
In response to tight vacancy in St. Louis, The Opus Group has come to the rescue with a multi-family development project.
Economy Watch: Jobs Numbers Good, Wage Numbers Bad
Job openings were plentiful in November nationwide. wages, on the other hand, rose at a snail’s pace if at all in 2014.
Columbia Property Trust Buys Reston Office Building
Columbia Property Trust, Inc. has added another office property to its Washington, D.C. portfolio. The publicly traded REIT has recently acquired the building at 1881 Campus Commons Drive, in Reston.
Economy Watch: Interest Rate Liftoff, Sooner or Later?
Predicting what the Federal Reserve’s going to do about interest rates is something of a mug’s game, since the central bank goes out of its way to be opaque about policy matters.
INTERNATIONAL: W.P. Carey Picks Up Resort Hotel in Club Med Network
W.P. Carey has bought La Plantation d’Albion Club Med, situated on 53 acres of natural tropical woodland in Albion, a village on the northwestern coast of the island of Mauritius.
Secondary Market Moves: Non-Traded REIT Auctioneer CTT Buys APB
Central Trade & Transfer, an online auction site for non-traded REITs, has significantly increased its presence in the online secondary-market transactions business in one fell swoop with the acquisition of the assets of its competitor, American Partnership Board.
ARK Development to Build Animal Cargo Terminal at NY’s JFK Airport
JFK International Airport in New York will be the site of the world’s only privately owned animal handling cargo terminal under a 30-year lease the Port Authority of New York and New Jersey signed with the developer.
Opus Develops in Cincinnati
The Opus Group is developing two more properties in the active Cincinnati industrial market on behalf of Founders Properties, to complement the company’s existing two buildings in the same location.