News
INTERNATIONAL: Infosys, Skanska Sign Record-Breaking Office Lease in Poland
Infosys BPO Poland has taken 226,000 square feet of office space with Skanska in the largest office lease in Poland so far for 2014.
TIAA-CREF, TIAA Henderson Close Value-Add M-F Fund
TIAA-CREF and TIAA Henderson Real Estate closed their CASA fund with a $420 million price target in value-add workforce housing.
CBRE, Blanca Tapped to Lease Office, Retail at New 3 MSF TOD in Miami
CBRE and Blanca Commercial have signed on to lease the respective retail and office space at MiamiCentral, Miami’s first urban mixed-use transit-oriented development.
Economy Watch: Housing Starts, U.S. Current-Account Deficit, Unemployment Claims
The Census Bureau reported that housing starts are down in August, though up year-over-year. Also, the Bureau of Economic Analysis found that the U.S. current-account deficit decreased 3.5 percent quarter-over-quarter. Weekly unemployment claims are the lowest they have been in well over a decade.
Pittsburgh URA Selects McCaffery and Rubino to Redevelop Landmark Strip District Property; Drury Plans New Hotel in Downtown Pittsburgh
The city’s Urban Redevelopment Authority has approved a new plan for the revitalization of the Pennsylvania Railroad Fruit Auction & Sales terminal building in the Strip District.
Franklin Mills Mall Changes Name to Philadelphia Mills, Starts Year-Long Renovations
Franklin Mills, Greater Philadelphia’s largest retail detsination after King of Prussia, is getting a facelift and a new name as part of a multimillion dollar renovation, the mall’s owner announced recently.
GM Snags Former Campbell Ewald Office Building in $2 Million Deal
General Motors’ sprawling Tech Center in suburban Detroit is set to expand with a new building sitting right across the road in Warren, on Van Dyke Avenue.
Independent Healthcare Properties Announces $25M Senior Campus for Franklin
Independent Healthcare Properties, a senior healthcare services company, has announced plans to develop a 120-unit assisted living community in Franklin, Tennessee under its Morning Point Assisted Living brand.
Kane Realty Celebrates Construction Start on $90M Spec Office Project in Raleigh
On September 9, Kane Realty Corp. held a groundbreaking ceremony for its next major office building at North Hills in Raleigh.
Commercial Properties Realty Trust Breaks Ground on 28-Unit Apartment Property in Downtown Baton Rouge
Work started on Monday, September 15, on the Onyx Residences, the newest apartment complex in downtown Baton Rouge. Representatives from the Baton Rouge Area Foundation, Commercial Properties Realty trust, The Baton Rouge Metro Council, Dontown Development District and the Mayor’s Office were present at the groundbreaking ceremony.