News
INTERNATIONAL: Marriott Opens First Marquis Brand Hotel Outside the U.S. in Qatar
Three properties in Doha, Qatar, have been combined to form the first Marriott Marquis hotel outside of the U.S.
Broe Group to Reposition Rockville Office Building for Medical Tenants
Denver-based Broe Group has acquired an office building in Rockville, Md., with plans to reposition the asset to attract medical tenants.
Amazon to Open Fifth California Fulfillment Center
Amazon.com Inc. will occupy a 700,000-square-foot fulfillment center in the Redlands, Calif., signing with building owner Clarion Partners.
Economy Watch: Euro Zone GDP Growth, U.S. Consumer Debt, Unemployment Claims
Though U.S. consumer debt dipped down in the second quarter, unemployment claims ticked up for the week ending Aug. 9. Eyes continue to rest on Europe, where GDP growth remains flat.
Howard Hughes Corp. Acquires 2,000 Acres of Land for Residential Development
By Liviu Oltean, Associate Editor Dallas-based Howard Hughes Corp. revealed in its second-quarter earnings report that it has closed on 1,343 acres of undeveloped land 13 miles north of The Woodlands. Furthermore, it has entered into a sale and purchase agreement slated to close in September 2014 to acquire 652 adjacent acres from a different […]
Hines Acquires Chesapeake Plaza in Fort Worth
Hines announced that it recently entered the Fort Worth Market with the acquisition of Chesapeake Plaza, a 409,977-square-foot, 20-story, Class A office building. The financial terms of the transaction were not disclosed.
MRP, JBG Start Apartment Leasing at The Alric
MRP Realty and The JBG Companies started work on The Alric apartment project in March, 2013. Now, as the development approaches completion, the two companies have announced that they have started leasing apartments.
MetLife Wins Bid to Purchase Prime Orlando-Area Retail Center
MetLife Inc. continues its real estate equity diversification program with the acquisition of an outdoor retail center in Kissimmee, Fla., for $116.9 million.
Camden Redevelops Prime Atlanta Property
Camden Property Trust has transformed a 1970s apartment complex it bought three years ago in the highly sought-after Buckhead neighborhood of Atlanta into a luxury community called Camden Paces.
INTERNATIONAL: Singapore Hotel Operator Buys Site in the Center of London
Singapore-based hospitality company UOL Group has selected Heron Plaza as its inaugural project in the city of London.