News
Economy Watch Weekly: Housing News
In his update for the week ending Aug. 22, economic editor Dees Stribling reports fairly good housing news during the Dog Days of summer.
Hotel Occupancy on Track to Hit 20-Year High: PwC
The hospitality industry is on track to hit its highest occupancy levels in 20 years in 2015, according to a report from PricewaterhouseCoopers L.L.P.
ManuLife Buys Fully Leased 147 KSF Suburban Vancouver Office Building
ManuLife Real Estate has added a new asset to its Canadian holdings with the acquisition of a premier office building near Vancouver in Burnaby, B.C.
Duke Fills Metro Nashville Distribution Center with Big Lease
Duke Realty Corp. has signed B&G Foods to a new lease for 445,942 square feet in its Park 840 Logistics Center in Lebanon, Tenn.
Economy Watch: Census Bureau, Black Knight Report on Home Sales
Home sales are weaker than expected in July, but still up 12.3 percent year-over-year.
Inland Real Estate JV Picks Up 180KSF Princess Plaza in Indiana
Inland Real Estate Corp. and Dutch pension fund advisor PGGM add another asset to their portfolio with the acquisition of the Princess City Plaza in Mishawaka, Ind.
KBS REIT Sells West Palm Beach Office Tower for $150M
KBS Real Estate Investment Trust II has sold CityPlace Tower, an 18-story, 295,900-square-foot Class A office building in the West Palm Beach, Fla., CBD, for $150 million.
HSRE Sells $283M Multi-State Healthcare Portfolio
Harrison Street Real Estate Capital has sold a 12-asset multi-state healthcare portfolio for $283 million.
Economy Watch: Yellen on Employment, Labor Day Travel
Economists, investors and other observers watched on Friday for hints about interest rate changes in Yellen’s speech at the powwow of central bankers in Jackson Hole, but she didn’t oblige. And AAA forecasts Labor Day traffic.
Cargill Completes $5.5M Expansion at Minnesota Food Innovation Center
Minnetonka-based Cargill, the largest privately held company in the U.S. recently announced the completion of a $5.5 million expansion at their North American Food Innovation Center in Plymouth, Minn.