News
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.
New Westin Hotel to Anchor Iconic One Main Place Building
Starwood Hotels & Resorts Worldwide and New Orleans-based KFK Group (KFK) recently made public plans to open a new, 323-key Westin hotel in the iconic One Main Place building. The hotel is part of an adaptive re-use project that will add hospitality and retail components to the iconic office building.
Economy Watch Weekly: 2014 Ends on Strong Hiring Note–A Plus for All Property Types
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Jan. 9, 2015.
Retail Properties of America Increases DC Presence with M-U Acquisition
Retail Properties of America has snapped up a neighborhood jewel for its portfolio.
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