News
Executive Spotlight: Josh Champion, Carroll Organization
Since joining the Carroll Organization three years ago, Josh Champion has dived headfirst into the task of growing its multi-family investment portfolio, now valued at more than $1 billion.
Tight and Tighter
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Second-Quarter Slump?
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Slightly Spring-ier
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Downward Bound
(CMBS delinquencies by property type; $ in billions) (CMBS delinquencies, 30-plus days and REO)
King Street Properties Acquires $112M, 2-Building Lab Project
King Street Properties has plans for a two-building, 284,200-square-foot laboratory redevelopment project in Cambridge, Mass., the leading life sciences hub in the country, and a new financing deal is helping the developer bring the goal to fruition.
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.