News
HB Construction Builds $10M Boys & Girls Club With Funding From J.F Maddox Foundation
J.F Maddox Foundation, the philanthropic foundation which invests in education, community development, and social programs, has offered funding for a new $10 million Boys & Girls Club facility at 301 E. Broadway St. in Hobbs. The general contractor on the project is Albuquerque-based HB Construction.
Commonwealth REIT Retains CBRE for 43 MSF Property Management Portfolio
CBRE Group has been tapped by CommonWealth REIT to provide property management services for the company’s 43 million-square-foot portfolio.
Provenance Hotels, Thayer Lodging JV to Buy Hotel 1000 in Seattle
Provenance Hotels has entered a joint venture with Thayer Lodging Group to acquire the 120-key Hotel 1000 in downtown Seattle for what the Wall Street Journal reports to be $63 million.
Goddard Acquires 1.2 MSF Office Tower in Dallas
Atlanta-based Goddard Investment Group has added to its Texas holdings with the acquisition of Fountain Place, a 58-story trophy tower that is one of the tallest buildings in downtown Dallas.
Economy Watch: Home Price Rises Slowing Down; New Home Sales Spike in May; Consumers Feeling Better
Home Price Indices for most cities saw lower annual gains in April than March. Sales of new single-family houses in May spiked 18.6 percent month over month. The Consumer Confidence Index, which had increased in May, improved again in June.
TIAA-CREF Closes Second Deal with JBG This Month, Buying The Woodley
The JBG Companies and TIAA-CREF are doing business again. At the start of the month, JBG sold the The Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor-Logan Circle neighborhood, to the financial services firm. Now, the Chevy Chase-based company has closed the sale of The Woodley, a new residential development in Washington, D.C.’s desirable Woodley Park neighborhood. The price of the transaction was not disclosed. HFF arranged the sale between JBG and TIAA-CREF.
Executive Insight, Mike Scilingo, Urban Innovations
Urban Innovations, an owner and manager of commercial real estate in Chicago, takes a unique viewpoint of its portfolio. Company president Mike Scilingo talks about where it’s seeking opportunity and next steps for its portfolio.
Economy Watch Weekly: Fed’s More Optimistic about Economy
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending June 20, 2014.
Investment Community Views Schorsch’s Stepping Down Favorably
Chairman & CEO of the $10 billion American Realty Capital Properties Inc. Nicholas Schorsch announced in a June 20 letter to shareholders that he will be passing the CEO torch to company president David Kay, effective Oct. 1.
MIPIM Special Series – Part Three: The Emergence of Short-Term Retail Leases
The last in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
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