News
PERE Special Report: Prepping for the Next Global Financial Crisis
With high-flying fundamentals in core markets, it’s quickly getting to be that time of the cycle when smart investors begin to examine and refine their portfolios and strategies in preparation for the next recession.
Hugo Boss Relocating to Downtown Manhattan
The apparel retailer will move its North American headquarters from Manhattan’s Midtown South submarket to 55 Water St. during the second quarter of 2015.
Economy Watch: World Bank Reports on Climate Change; Chicago Fed Releases October Numbers
The World Bank warns of severe economic disruption; the Chicago Fed’s index edges downward.
St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling
St. John Properties, Inc. has recently acquired a three-building office/flex portfolio in Sterling. The company paid $11.65 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John’s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and about 83 acres of land for future developments.
New Walton Communities Project Comes to the Market
The Legacy at Walton Mill, a new 55+ active adult Walton community begins pre-leasing.
Pipeline Workspaces Adds New Location in Coral Gables
The City of Coral Gables will soon welcome a high-design shared office workspace by Pipeline Workspaces. It will occupy the entire 14,000 square-foot third floor of the seven-story office complex at 95 Merrick Way and will offer private offices starting at $600 per month.
Chicago Officials Debut Art-Centered Mixed-Income Community in the City’s Grand Crossing Neighborhood
Chicago Mayor Rahm Emanuel, together with the Chicago Housing Authority (CHA) and artist Theaster Gates recently announced the grand opening of the Dorchester Art + Housing Collaborative, a 32-unit mixed-income community in the Greater Grand Crossing area on Chicago’s South Side.
The Westin Austin Downtown Hotel Celebrates the Completion of Structural Construction
The Westin Austin Downtown Hotel that broke ground on August 5th has recently celebrated the completion of its structural construction. The 20-story, 366-room hotel located on the northeast corner of East Fifth Street and San Jacinto Boulevard is scheduled to be finalized by June 2015.
PointOne Grabs 377 KSF Office Portfolio in Birmingham
A joint venture between PointOne Holdings and ESJ Partners has bought a 377,9321-square-foot office portfolio in one of Bingham’s most desired submarkets, for $51 million.
Gray Tops Executive of the Year Awards—Again; Henry Recognized for Lifetime Achievement
This year’s winners of CPE’s Executive of the Year awards stood out in their pursuit of bold initiatives, innovative strategies and significant deals.