News
KSK, Kempinski to Manage M-U Development in Kuala Lumpur
Kempinski Hotels and KSK Land have signed a management agreement for the upscale 8 Conlay mixed-use development in Kuala Lumpur, Malaysia.
StreetEasy Manhattan Condo Market Report: Pending Sales Surged 31% in October
The October StreetEasy Manhattan Condo Market Report revealed a flurry of activity from both buyers and sellers, which accounted for a 31 percent jump in pending sales from September to October, the largest monthly gain since May 2013.
TRT, JMI Get $140M in Financing for Omni San Diego Hotel
TRT Holdings and JMI Realty, owners of the luxury Omni San Diego in the city’s downtown Ballpark District, have refinanced the existing debt on the hotel with a $140 million loan secured through HFF.
Economy Watch: Black Friday Sales, GSEs’ Serious Delinquencies
Black Friday by itself isn’t quite the sales driver it once was. The Single-Family Serious Delinquency rate declined from 1.96 percent in September to 1.92 percent in October.
The Peanut Factory Lofts to Start Leasing
The Peanut Factory Lofts, located at 939 S. Frio has completed the conversion process. The original Peanut Factory, built in 1912, turned into residential units utilizing the 4 sixty-foot tall silos. The redevelopment includes apartments, condos, two courtyards, outdoor pool with cabana, and an outdoor theater area, utilizing the 130,000-square-foot site. In total, there are 102 residential units.
$500M Remake of Kauai’s Princeville Resort to Bring 600 Jobs
With the $500 million redevelopment of an approximately 1,100-acre portion of the Princeville Resort in Hanalei on Kauai’s North Shore, the Garden Isle’s economy could gain up to 600 permanent jobs along with an annual multi-million dollar cash flow.
South Market’s $40M The Beacon Secures Financing, Begins Preleasing
New Orleans- and New York-based The Domain Companies has announced securing financing for the $40 million The Beacon, the 126-unit third phase of the $250 million South Market District, the transformative mixed-use development under way in downtown New Orleans.
Visconsi Plans to Add 205 Apartments in Little Italy
More than 200 new apartments are coming to Cleveland. A Pepper Pike-based developer plans to build a six-story apartment building in the city’s Little Italy Neighborhood.
UMD Breaks Ground on A. James Clark Hall
On Friday, November 21, The University of Maryland’s A. James Clark School of Engineering hosted a groundbreaking ceremony for the new A. James Clark Hall, in College Park. The new building will be a home for the bioengineering department and will offer state-of-the-art laboratories. According to the university, it will also help ”accelerate advancements in human health.”
Cisco Systems Leases Almost 100,000 Sq. Ft. of Office Space in Maple Lawn
Cisco Systems, Inc. is expanding its presence in Howard County. The San Jose-based company has recently signed a lease with St. John Properties, Inc. and Greenebaum Enterprises, Inc. for 97,128 square feet of space in a recently-completed office building at 8135 Maple Lawn Boulevard.