News
CRE Investors Set Sights on Secondary and Sunbelt Markets
JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re even turning their eyes toward the tertiaries.
Pebblebrook Acquires The Hotel Palomar on Wilshire Boulevard in $78.7 Million Deal
The Pebblebrook Hotel Trust recently announced the acquisition of a Los Angeles-area hospitality venue, expanding its SoCal upper upscale hotel portfolio. According to a recently issued press statement, the buyer paid a fee of $78.7 million for the Hotel Palomar Los Angeles – Westwood. The property is the 33rd to be added to the Pebblebrook Hotel Trust, and the fifth investment completed by the company in the city of Los Angeles.
Terreno Realty Corporation Buys Annapolis Junction Industrial Property for $13.8M
By Adrian Maties, Associate Editor Terreno Realty Corporation is expanding its Mid-Atlantic portfolio. On Monday, November 17, the San Francisco-based company purchased an industrial property located in Annapolis Junction. The price of the transaction was approximately $13.8 million. The property is located on 6.3 acres of land, at 9020 Junction Drive, right in the center […]
Keystone NAP Reinvents Former Fairless Works Steel Mill into Advanced Data Center
Once a buzzing steel mill that employed thousands of people, the former Fairless Works located on the bank of the Delaware River in Bucks County will be replaced by an advanced data center that is expected to cater to the technology needs of the Northeast’s growing business environment.
Embrey Partners Starts Construction on 306-Unit Ballpark Luxury Apartments
Construction is now underway at The Carillon, the first private development in the vicinity of First Tennessee Park, the Nashville Sounds’ new home, San Antonio-based developer Embrey Partners announced.
Emagine Entertainment Brings New Cinema Theater to Macomb Township
A Michigan-based entertainment company is set to open a new movie theater in Macomb Township by the end of the year.
London May Have Led the Way… but Foreign Investors are Increasingly Eyeing New York
JLL’s Scott Latham says the focus of foreign investors is shifting from London to New York as buyers shy away from turmoil in the EuroZone.
Executive Insights: Bryan Keller, RubinBrown
Bryan Keller, partner in charge of RubinBrown’s Real Estate Services Group, offers insight from the consulting firm’s recently released multi-family report.
Global Market for Zero Net Energy Commercial Buildings to Reach $240M by 2018
The world grows greener and greener and the rapid expansion of zero net energy commercial buildings serves as evidence.
Carey Watermark Buys 295-Key Kansas City Marriott Country Club Plaza
Carey Watermark Investors has been on quite the buying binge this year, and the REIT’s recent acquisition of the Kansas City Marriott Country Club Plaza has kept the trend alive.