News
REI Investments Acquires Former GM Indianapolis Plant Property
REI Investments has acquired the former GM Indianapolis Stamping Plant property from RACER Trust. The City of Indianapolis has an option to acquire approximately 56 acres at the western edge of the property, which it is considering for construction of a consolidated city-county justice center.
Q&A with Bellwether President Ned Huffman
Ned Huffman, president of Bellwether Enterprise, talks about the company’s intention to merge with Towle Financial Services.
Bellwether Enterprise to Merge with Towle Financial Services
Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.
Mohr Partners Taps Bob Shibuya as President
Shibuya, a 31-year industry veteran, served most recently as UGL Services’ group president.
Rockefeller Group Acquires 236 KSF Office Portfolio in Beverly Hills
Rockefeller Group Investment Management Corp. has acquired UTA Plaza and The Ice House, a premier 236,000-square-foot portfolio on Civic Center Drive in Beverly Hills, Calif., from Tishman Speyer.
Grosvenor Buys M-F Asset in Suburban Washington for $108M
Grosvenor Americas has purchased Avalon Fair Oaks, a 491-unit apartment community in Fairfax, Va., and will rebrand the property Wheelhouse of Fair Oaks.
Cassidy Turley Acquires Synergy Commercial Advisors
Cassidy Turley is bolstering its presence in the Research Triangle with the acquisition of a six-year-old tenant rep firm.
INTERNATIONAL: French Polynesian Government to Head $3B Resort Development in Tahiti
The French Polynesian government is leading a nearly $3 billion resort development in Tahiti that is expected to reignite tourism and revitalize the economy of French Polynesia.
Economy Watch: Jobs Market Posts Healthy Gain; Construction Spending Slips
The unemployment rate for July was 6.2 percent, up slightly from June but down from 7.3 percent one year ago. Likewise, construction spending declined 1.8 percent from May to June but was up 5.5 percent year over year.
Brooklyn Brewery Looking to Open $70 Million Facility on Staten Island
Beer drinkers rejoice! One of the strongest and longest-running brewing companies in New York City is looking to expand from its roots in Brooklyn somewhere on the western shore of Staten Island in response to the rising demand for its products.