News
International: Marriott, Hotecapsa to Develop Guayaquil Hotel in 2016
Ecuador ‘s largest and most populous city is set to get a brand new Marriott-operated hotel in two years, according to the hotel chain.
Economy Watch Weekly: Housing’s Non-Bubble
Economy editor Dees Stribling offers his round-up of indicators for the week ending Sept. 26, with a special look at the mixed results for housing.
Capp Industries Taps Opus to Build Spec Warehouse in Suburban Minneapolis
Confidence is building in suburban Minneapolis’ industrial sector and Capp Industries is making a move to capitalize on the improving conditions.
Coldwell Banker Unveils New e-Marketing Platform
Coldwell Banker Real Estate has selected Imprev to create the brand’s new mobile eMarketing platform as part of the new Coldwell Banker 360 suite of products.
DDR Sells Shopping Center Portfolio in Utah for $223M
In an off-market transaction worth $223 million, DDR Corp. has sold to Excel Trust a portfolio of three shopping centers in the Salt Lake City area.
Economy Watch: Personal Income, Spending; NAR Pending Home Sales Index
Personal income increased 0.3 percent in August. But NAR reported that its Pending Home Sales Index dropped the same month.
BRA OKs $138 Million Mixed-Use Development in Mission Hill
The Boston Redevelopment Authority (BRA) has approved a much-needed redevelopment plan for Parcel 25, an approximately 2-acre lot bordered by Tremont, Gurney and Station Streets in Boston’s Mission Hill neighborhood that was previously owned by the MBTA.
Pacific Design Center Announces New Tenant in Westside Affiliated Holdings as Visit West Hollywood Signs New Agreement
One of the most coveted office assets in the West Hollywood submarket recently gained a brand new tenant and re-signed an existing one. The owner, developer and manager of Pacific Design Center Charles S. Cohen, has announced that two leasing contracts have been signed at one of the property’s three buildings. The tenant that has re-committed to its presence at the Pacific Design Center’s Green Building is Visit West Hollywood, the official visitor-marketing center for the City of West Los Angeles. The new resident at the building is Westside Affiliated Holdings, Inc., a local-based homebuilder, has announced that it is moving operations from its old Beverly Hills location.
Baltimore’s Medical Office Market Showing Signs of Improvement
Good news for Baltimore’s medical office market. According to the latest report from Cassidy Turley, the market is showing signs of improvement.
Sephora Opens State-Of-The-Art Distribution Center in Harford County
Sephora Americas has finally opened its state-of-the-art distribution center in Maryland. Company officials were present in Perryman, on September 19, together with officials from the state of Maryland to celebrate the ribbon cutting for the new facility, the largest distribution to serve Sephora Americas.