News
vXchnge to Open New Data Center at 1500 Spring Garden Street
With Philadelphia being one of the densest cities in the US according to official data, the demand for data centers and interconnection services is on the rise as well. As a result, many data center-oriented companies are choosing Philadelphia in an attempt to meet the growing demand of for colocation facilities.
Holland Home Announces $6.5 Million Expansion at Grand Rapids Senior Living and Rehab Centre
Holland Home’s Rehabilitation and Living Centre in Grand Rapids will expand this year with a memory-care assisted living unit and a new rehabilitation center.
Michael Baker International, F.N.B. Corporation Establish Headquarters in Pittsburgh
Engineering and consulting services firm Michael Baker International will be relocating its global corporate headquarters from Moon Township to downtown Pittsburgh by the end of this year.
Walton Street Capital Pays $70M for DoubleTree by Hilton
By Eliza Theiss, Associate Editor Downtown Nashville keeps on getting hotter. Most recently, the 337-key DoubleTree by Hilton Nashville Downtown traded hands for approximately $206,000 per key, which is just short of a $70 million total purchase price, reported The Tennessean. The downtown hotel’s new owner is Chicago-based investment firm Walton Street Capital LLC, which […]
Nationwide to Build 500 KSF M-U Campus in Columbus, Ohio
Nationwide Realty Investors, developer of the $500 million mixed-use Grandview Yard in Grandview Heights, Ohio, has just revealed plans for the development’s next phase, and it hits close to home.
HFF Arranges Acquisition of 1400 16th Street by ASB Real Estate Investments
As the city’s office market continues to be white-hot, San Francisco’s assets are increasingly in demand. The latest asset to trade hands is the building located at 1400 16th Street—a historic property sold by Jessica McClintock Inc. to a venture consisting of ASB Real Estate Investments, SKS Partners and ProspectHill Group. An HFF team led by managing director Steven Golubchik, director John Simerlein and senior real estate analyst Josh DiSalle represented the seller in the deal.
ARC Affiliate Buys 154 KSF Office Building in Princeton, NJ, Area from Ivy
An affiliate of American Realty Capital has purchased 100 College Road West, a Class A office building in the Princeton submarket of Plainsboro, N.J., for $63 million from Ivy Realty.
LaSalle Buys 1.2 MSF Office Park in Indianapolis
A LaSalle Investment Management fund has made its first acquisition in Indianapolis, purchasing the 1.2 million-square-foot Precedent Office Park in the Keystone Crossing submarket.
Economy Watch: Retail Sales Up Modestly in June; Yellen Calls Recovery Incomplete; CBO Foresees Rise in Public Debt
Retail sales were up 0.2 percent in June compared with May. Federal Reserve Chair Janet Yellen said that interest rates weren’t going to move for an unspecified while, since the recovery of the U.S. economy is “not yet complete.” And the Congressional Budget Office predicts a rise in public debt.
Economy Watch Weekly: QE3 Going Away
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending July 11, 2014.
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