News
425,000 Sq. Ft. Class A Office Space Unveiled in Suburban Philadelphia
A newly redeveloped office park formerly known as Sentry Park West was unveiled in suburban Philadelphia.
$50M DoubleTree Opens in Lawrenceburg
Hilton Worldwide and DoubleTree by Hilton have recently opened another hotel in the Greater Cincinnati area. The DoubleTree by Hilton Lawrenceburg is located at 51 Walnut Street, on the Ohio River.
OKC Energy FC to Build Training Facility at Northeast Regional Health and Wellness Campus
OKLAHOMA CITY – OKC Energy FC recently revealed plans to build a state-of-the-art training facility at the Northeast Regional Health and Wellness Campus, after receiving approval from the Oklahoma City County Health Department.
Douglas Allred Plans 3 Projects in Chandler; Regent Properties Pays $58.6M for Paradise Valley Office Asset
Douglas Allred Company, a San Diego-based real estate firm, is ready to move forward with three new projects in Park Place, a 150-acre, mixed-use development located in the Price Road Corridor in Chandler. The company plans to add a new, eight-story, 210-room Drury Inn & Suites hotel, a retail and restaurant project and a 92,000-square-foot, Class A office building.
Blackstone Partners on $1.2B Investment Platform for M-U Portfolio in Singapore
Blackstone’s Tactical Opportunities Fund has committed to making a notable investment in Singapore.
Moody’s Downgrades ARCP Stock to Junk Due to ‘Continued Uncertainty’ at REIT
One day after American Realty Capital Properties Executive Chairman Nick Schorsch and the company’s other two top executives resigned in the wake of an accounting scandal, the REIT giant suffered another blow as Moody’s Investors Service downgraded its credit ratings to junk status because of the “continued uncertainty” from the management shakeup and ongoing investigations and lawsuits.
C&W’s Purchase of Massey Knakal–Consolidation Trend in Commercial Brokerage
Cushman & Wakefield put the capital markets industry on notice this week with the surprising acquisition of Massey Knakal Realty Services, for a reported $100 million.
Major Multifamily Community Coming to Negley Avenue; King Penguin Opportunity to Acquire the Lawyers Building
A new 140-unit apartment development called Mellon Orchard could soon rise on Negley Avenue in Pittsburgh.
Developers Selected for Tiger Stadium Site Redevelopment
The long-vacant site of the iconic Tiger Stadium is one step closer to be brought back to life as the Detroit Economic Development Corporation (DEDC), which is part of the Detroit Economic Growth Corporation (DEGC), announced the development team for the 9.5-acre property.
Fundrise, Larson Realty JV to Redevelop Detroit’s Former Tiger Stadium
Larson Realty Group and its development group that includes Fundrise, a leading real estate crowdfunding platform, have been chosen to redevelop the Michigan and Trumbull blocks of the former Tiger Stadium in Detroit into a mixed-use project.