News
Economy Watch: U.S. Births Slightly Higher in 2013 Than in ’12
Data from the National Center for Health Statistics show that 2013 is the first time since 2007 that the number of American births increased, even by a little; and official trade deficit numbers continue to drop.
INTERNATIONAL: Carlson Rezidor to Open Two New Hotels in Poland in 2016
Carlson Rezidor, one of the largest hotel companies in the world, is scheduled to open the Radisson Blu Resort, Świnoujscie and and the Radisson Blu Hotel & Residences, Zakopane in the fourth quarter of 2016.
Kimco Realty Appoints Flynn President
Conor C. Flynn has been named president of Kimco Realty Corp. in a move that sets the 11-year company veteran up to eventually take over the reins at the New Hyde Park, N.Y.-based retail REIT.
MetroNational Announces Grand Opening of the Treehouse in Memorial City
MetroNational recently announced the completion and grand opening of the Treehouse Memorial City, a two-story, 14,700-square-foot structure designed to emphasize Houston’s architectural prowess and innovation.
KDC, JLB Partners Break Ground on Apartment Communities in CityLine
KDC and JLB Partners recently announced that they broke ground on the development of two apartment communities that will be appended to CityLine, the impressive 186-acre, mixed-use development in Richardson. Totaling at 532 units, the two assets will front Plano Road and will be within walking distance of the four office towers leased by State Farm.
MRP Realty-Rockpoint JV Buys Office Property in D.C.’s East End
Local real estate company MRP Realty has formed a joint venture with Rockpoint Group, LLC, a real estate private equity firm based in Boston, to purchase an office property in the East End submarket of Washington, D.C. The two companies announced on Monday, August 4, the acquisition of 1333 H Street from Miller Global Properties, LLC. The seller was represented by HFF.
DLA Piper Survey: CRE Execs on Crowdfunding, Workspace and E-Commerce
Most top CRE executives don’t expect crowdfunding to be a significant source of commercial real estate investment for at least the next three to five years, according to DLA Piper’s latest survey of top commercial real estate officials, now underway.
Jay Paul Company Receives $480 Million Construction Loan from HFF for its Tower at 181 Fremont Street
The city’s South Financial District is set to welcome a new major mixed-use development project as developer Jay Paul Company recently locked in financing for its Fremont Street venture. HFF recently announced that it has arranged construction financing on behalf of the developer through Starwood Property Trust. The total amount sourced for the large mixed-use plan is $480 million. HFF’s debt placement team was led by Peter Smyslowski, a managing director with the company, with director Chris Gandy and associates Walter Chui and Brandon Roth also part of the team.
Le Méridien Chicago – Oakbrook Center Welcomes Its First Guests
Starwood Hotels & Resorts Worldwide announced the opening of Chicago’s first Le Méridien luxury hotel, located in the high-ranking Oak Brook suburb.
Verve Luxury Apartments Enter The Denver LoDo Scene
Verve, a 285-unit luxury apartment building celebrated its grand opening on July 16.