News
C&W Inks Deal with Microsoft for Manhattan Flagship Store
The Microsoft Corp. has agreed to sign a lease for a flagship store at 677 Fifth Ave. in Manhattan, occupying the entire ground through fourth floors and a portion of the lower level of the building.
Economy Watch: Employment Expansion, Underemployed
The number of jobs created in September rebounded. Meanwhile, also in September, 2.2 million people were “marginally attached” to the labor force, about the same as a year earlier.
Balfour Beatty Communities Picks Up Carmendy Square Townhomes
The company acquired the 152-unit boutique multifamily property in joint venture with the ApexOne Growth & Income Fund I of Houston-based real estate investment firm ApexOne Investment Partners.
Atlanta Ronald McDonald House Charities Broke Ground on New Facility
Atlanta Ronald McDonald House Charities started expanding in late October by breaking ground on a new facility and launching a public fundraising campaign for the construction of the Ronald McDonald House that replaces the current one on Peachtree Dunwoody Road near Children’s Healthcare of Atlanta at Scottish Rite.
The Historic Shelborne South Beach Reopens Following $90M Renovation
The rebranded Shelborne reopened in late September as Shelborne Wyndham Grand South Beach after a $90 million restoration and renovation process.
Construction Begins on New Clubhouse at Mistwood Golf Club in Romeoville, IL
Construction on a brand new clubhouse has begun at the Mistwood Golf Club, one of the Best New Courses of 2013 and the host of the Illinois Women’s Open.
SpringHill Suites- Austin/Cedar Park Will Begin Development
The hospitality segment of Austin is preparing to welcome a new hotel. Worth Hotels LLC announced the development of SpringHill Suites – Austin/Cedar Park that will be located at 1110 Discovery Blvd. in Cedar Park. Worth Hotels LLC will be the developer and will operate the hotel after completion – opening is estimated for the 1st quarter of 2016.
Capbridge Group Invests $300M into Maui’s First Hilton Grand Vacations Timeshare Property
Japanese investment firm The Capbridge Group, through its local subsidiary, Capbridge Pacific LLC, is planning to invest $300 million into the development of Maui’s first Hilton Grand Vacations time-share resort.
670 KSF Former World Trade Center Hits Development Block Again
New developers and project ideas are sought for the redevelopment of the 33-story former World Trade Center, announced the City of New Orleans and the New Orleans Building Corporation.
Compass Housing Alliance Set to Hold Opening of Compass on Dexter Affordable Housing Development
The latest affordable housing project by Compass Housing Alliance is ready for its official opening this month. The developer’s new Compass on Dexter affordable community is targeting formerly homeless and low-income households in order to provide permanent living arrangements. The Compass on Dexter development project is located in the bustling Seattle neighborhood of South Lake Union, one of the primary areas that have created growth for the local multifamily market in recent years.