News
Las Vegas Wins $28M in Affordable Housing Incentives; Relaxed Laws for Medical Marijuana Could Spur Space Demand
By Alex Girda, Associate Editor About $28 million in federal financing for affordable housing is headed to Las Vegas. Under the New Markets Tax Credits program, investors will get incentives to invest in development targeting residents at the lower end of the income scale. According to The Las Vegas Review-Journal, Senate Majority Leader Harry Reid […]
Economy Watch: Housing Starts Drop, CPI Edges Up in May
New U.S. housing starts dropped 6.5 percent in May month over month. The Consumer Price Index increased 0.4 percent in May.
Grainger to Erect 1.3 MSF Distribution Center in NJ
Leading industrial supply distributor Grainger Inc. has bought 96 acres of land in Bordentown Township, N.J., with plans to develop what will be the largest distribution facility in the state.
Economy Watch Weekly: Retail Sales Grew in Spring
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending June 13, 2014.
Core and Value Advisors Buys 108-Unit M-F Property in Wilmington, Mass.
Core and Value Advisors has purchased Metro at Wilmington Station, a 108-unit apartment community located in Wilmington, Mass., from a joint venture between EA Fish Development and Real Estate Capital Partners.
KTR Capital Preleases 615 KSF Project in LA to 99¢ Only Stores
KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99¢ Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.
Colliers Acquires Leading Property Specialist in London
FirstService Corp. subsidiary Colliers International has acquired H2SO Property Consultants, one of London’s leading independent commercial property specialists.
Economy Watch: Homebuilders’ Confidence, Industrial Production Rise
Builder confidence in the market for newly built, single-family homes rose four points in June. U.S. industrial production rose 0.6 percent in May after declining 0.3 percent in April.
TIAA-CREF Buys The Louis at 14th/U
Last summer, the Chevy Chase-based JBG Companies hired ARA Mid-Atlantic to find buyers for the Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor – Logan Circle neighborhood. Now, the property has a new owner. TIAA-CREF purchased the Northwest Washington, D.C., property at the start of June, for an undisclosed price.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.
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