News
Chicago’s Bridge Development Partners Opens NJ Office
Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.
Prescott Sells 242 KSF Office Complex in Fort Worth,Texas
Investment sales activity continues at a solid pace and Prescott Realty Group’s sale of Summit Office Park is among the latest transactions.
CBRE Global Investors Fund Buys 11-Building Miami Office Park
Strategic Partners U.S., an affiliate of CBRE Global Investors, has acquired Airport Corporate Center, a 45-acre office park, from Hines REIT Airport Corp.
Economy Watch: Homebuilders, Industrial Production, Unemployment Claims
After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points. Industrial production increased 1 percent in September. During the week ending Oct. 11, initial unemployment claims decreased by 23,000 from the previous week.
Hillwood Expands into Canada, Europe
Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.
INTERNATIONAL: Brookfield Canada Grabs Brookfield Place Calgary East Tower
Brookfield Canada Office Properties has bought Brookfield Place Calgary’s 56-story office tower, which is currently under construction.
Hilton Worldwide Launches New Brand: Canopy by Hilton
Hilton Worldwide has launched its second new hotel brand in four months – Canopy by Hilton, a lifestyle brand aimed at leisure and business travelers seeking a local boutique experience in U.S. and international cities.
Transwestern to Lease 1.5 MSF Office Park in Houston to Signorelli
Transwestern will be the exclusive leasing agent for Valley Ranch Commerce District, a new office park to be developed in the Houston area.
Economy Watch: Retail Sales, Economic Growth
Total retail sales in the third quarter of 2014 were up 4.5 percent from the same quarter in 2013. And the Federal Reserve reported moderate economic growth.
Triten Real Estate Partners Breaks Ground on Final Building in Intrepid Business Park
Triten Real Estate Partners, a subsidiary of Triten Corporation, announced the ground breaking of the final industrial building at Intrepid Business Park. Located in Houston’s northwest industrial market, the Class A industrial park fronts Brittmoore Road and features easy access to Beltway 8, Interstate 10 and Highway 290.