News
Economy Watch: Beige Book on Economy, Non-Manufacturing Sector, Private-Sector Jobs
National economic activity continued to expand in October and November, according to the latest Beige Book. Economic activity in the U.S. non-manufacturing sector grew in November for the 58th consecutive month. And the U.S. economy added a net of another 208,000 private-sector jobs in November.
Developer Revives Historic Downtown Indianapolis Office Building
A long vacant 12-story office building east of Monument Circle in downtown Indianapolis could soon get a new life.
SkyHouse Uptown Developers Secure Land, Financing for Second Tower
By Eliza Theiss, Associate Editor SkyHouse Uptown is getting an encore. Developers of the 336-unit apartment project at the corner of North Church and West 10th streets have purchased land for a second SkyHouse apartment tower, reports the Charlotte Business Journal. Grubb Properties, Novare Group and Batson Cook Construction have purchased the City Center Inn […]
CPE 100 Quarterly Sentiment Survey: Executives Eye 2016 as Peak Year; M-F Sector Still Rules
Almost half of the executives surveyed said that peak asset values and transaction volume across property types are still two years away. In the near term, most industry leaders expect stability rather than dramatic improvement.
Meridian Gets HREI Insights Awards Nomination for Renovation Project in Walnut Creek
Full service real estate developer and medical real estate company Meridian recently announced that one of its projects was recently selected as a finalist in the 2014 HREI Insights Awards in the “Best Renovated or Repurposed Healthcare Facility” category. Healthcare Real Estate Insights is a national magazine that covers health care real estate development, financing, and investment. The nomination is part of the second annual HREI Insights Awards, currently the only event of its kind, dedicated to the healthcare real estate development. Meridian’s project is a single-level property that was redeveloped from a former post office.
Lowe Enterprises Investors Pays $97M for Bourbon Square Apartments in Palatine, Chicago
Lowe Enterprises Investors, an affiliate of Los Angeles-based Lowe Enterprises recently announced the purchase of the 612-unit Bourbon Square apartment community in suburban Chicago, in partnership with an investment client.
Denver’s Road Home to Open New Homeless Solutions Center in Commerce City
Denver’s Road Home, a city program to end homelessness created by the Mayor’s Denver Commission to End Homelessness in 2005 recently revealed plans to open a new Solutions Center in Commerce City, Colorado.
The Alhambra in Coral Gables Signs New Tenant
Last week we reported about Pipeline Workspaces, a national high-design shared office space concept signing a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. Now, according to CBRE’s recent written announcement, the adjacent Alhambra office tower is also soon to welcome a new tenant, Fiduciary Trust International of the South.
Chambers Street Signs 159 KSF Office Lease at Jersey City’s 90 Hudson
Chambers Street Properties has signed new tenant Charles Komar & Sons to 159,141 square feet at 90 Hudson St., a 12-story office tower in Jersey City.
INTERNATIONAL: New Zealand’s First DoubleTree by Hilton Opens in Queenstown
Hilton Worldwide’s 98-guestroom DoubleTree by Hilton brand has opened its first property in New Zealand.