News
OKC University Law School Wraps Move to Historic Downtown Building
The Oklahoma City University School of Law has completed a long-awaited move from the university campus and into the historic Central High School building at 800 N. Harvey.
CBRE Strengthens Commitment to Oklahoma, Buys Local Affiliate
CBRE Group Inc. has officially brought its Oklahoma affiliate into the fold. The global commercial real estate services firm recently acquired Tulsa-based CBRE | Oklahoma, after a 15-year relationship.
Skanska to Build Boeing Paint Facility in Charleston
Skanska USA is developing an $82 million, 375,000-square-foot decorative paint facility in Charleston, S.C., for aerospace giant Boeing.
JEMB Leases Store at Manhattan’s Herald Center to Verizon Wireless
JEMB Realty continues leasing up its revitalized Herald Center, a 10-story retail and office property at 34th Street and Broadway, with Verizon Wireless taking 4,500 square feet for its new flagship Manhattan store.
Economy Watch: CRE Prices, Conference Board Indexes, Unemployment Claims
U.S. commercial real estate prices rose in October, supported by various positive trends. The Conference Board reported that its Leading Economic Index for the U.S. increased 0.6 percent in November. During the week ending Dec. 13, unemployment claims dropped by 6,000 from the previous week.
Hyatt to Move Into New Global HQ in 2017
Hyatt Hotels Corp., one of Fortune’s 100 Best Companies to Work For in 2014, has announced it will move its global headquarters to a 53-story office tower currently under construction in Chicago’s West Loop neighborhood.
$24M Affordable Housing Development Fund Expands into Denver Metro Area
As home prices and rental rates in Denver continue to grow, an affordable housing shortage is driving buyers away from the city’s urban core.
Pulte, Woodside Sign On as Skye Canyon’s First Homebuilders
This past summer, a number of dormant master-planned communities saw new life, as the city’s resurgence galvanized developer interest in the Las Vegas market once again. Skye Canyon has announced that two home builders have acquired land in the master-planned community, and are now set to carry out the first phase of the project. According to Olympia Companies, the two builders will take over a combined total of 80 acres of land. Skye Canyon is the first large-scale residential development project to break ground in the valley since the recession.
INTERNATIONAL: Katara to Build $1.6B Silver Pearl Hotel in Qatar
Qatar hotel developer and operator Katara Hospitality has unveiled plans for a more than 1,000-key Silver Pearl Hotel to be located one mile offshore near Doha.
Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions
The Austin office of Berkadia recently announced that it has helped secure a total of $40.3 million in financing for the acquisition of Thornbury Apartments in Houston and for The Retreat at River Ranch Apartments in Southwest Fort Worth.