News
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Economy Watch: IMF Boss Expects Expanding Growth; Americans Spent Less in June
The global economy ought to strengthen in the second half of 2014, according to International Monetary Fund Managing Director Christine Lagarde. Americans’ self-reports of daily spending fell back slightly in June, averaging $91 for the month, compared to $98 in May.
The JCR Cos. Buys Retail Space at Lorton Station Town Center for $13.8M
The JCR Companies continues to expand its D.C. area retail portfolio. Shortly after scooping up a 2,710-square-foot retail building housing Cork & Fork, in the heart of the thriving 14th Street corridor, the real estate investment firm has acquired 51,800 square feet of retail space at Lorton Station Town Center. The price of the transaction was $13.8 million. Regency Centers was the seller.
Grubb, Kalikow Break Ground on Link Apartments Glenwood South in Raleigh
Grubb Properties, in partnership with The Kalikow Group, has officially broken ground on Link Apartments, Glenwood South, a 204-unit apartment community in Raleigh.
Bridge Development Buys 17 Acres in Florida to Build Industrial Facility
Bridge Development Partners makes plans for its third speculative industrial project in South Florida in less than one year with the acquisition of 17 acres in Hialeah Gardens, Fla.
Kourtney and Khloé Kardashian Take Manhattan: New DASH Concept Store Could Open on Spring Street
Two of the most famous sisters in the world of reality TV shows are on a quest to conquer Manhattan.
MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project
MacFarlane Partners has recently completed the acquisition of a high-profile development site located in the growing residential market of downtown Los Angeles. The developer has two residential buildings line up for the piece of land, as well as a retail component and large amounts of open space. The buyer acquired the development site from Africa-Israel USA, in a deal brokered by Newmark Grubb Knight Frank representatives from New York and Los Angeles.
Industrial Investors Attracted to the Hot Submarkets North of I-95
The Baltimore industrial market is performing very well in the submarkets located to the north of I-95 (Baltimore City, Baltimore County East, and Harford/Cecil County), much better than in any other regions in the metropolitan area. According to reports from Cassidy Turley, compared to the same period last year, available industrial space in the Harford/Cecil County is taking an average of 11 months to lease. In the Baltimore/Washington Corridor submarket it takes 18 months.
DSF Group Acquires M-F Complex in Massachusetts for $108M
DSF Group has acquired Avalon Danvers, a 433-unit multi-family complex in the northeastern Massachusetts town of Danvers, for $108 million from Avalon Bay Communities.
Avison Young Buys Montreal-Based Firm Roy et Tremblay
The fast growing Toronto-based commercial real estate services firm Avison Young continues its expansion, this time closer to home, with the acquisition of Montreal-based project management firm Roy et Tremblay Inc.