News
NAREE Special Report: Kelly Ranks Top 10 Issues for RE
Hugh Kelly, chair of The Counselors of Real Estate, offered the organization’s annual list of the top 10 issues affecting real estate as the opening speaker for the National Association of Real Estate Editors’ 48th annual Real Estate Journalism Conference in Houston.
Q&A with Bellwether, Cumberland Execs on $700M Cleveland Lakefront Project
Ross Halloran, senior vice president of Bellwether, and Dick Pace, president of Cumberland Development, chat with Commercial Property Executive about taking on one of the largest multi-family construction projects in Cleveland.
Wood Partners to Break Ground on 262 KSF M-F Property in Dallas
Answering the increasingly loud cry for rental accommodations in Dallas, Wood Partners has commenced construction on the 313-unit Alta Farmers Market project.
Bassuk to Refi 9 Maxx Properties with $140M
Using a special HUD program, The Bassuk Organization has completed the first phase of a refinancing program for nine multi-family properties owned by Maxx Properties that resulted in $140 million in refinancing proceeds for the Harrison, N.Y.-based company.
Hines, Oaktree JV Acquires 230 KSF Office Building in Santa Ana, Calif.
Hines has entered into a joint venture with a real estate fund managed by Oaktree Capital Management to acquire and lease back 1750 E. Fourth St., a Class A office building situated on 2.8 acres in Santa Ana, Calif., from State Compensation Insurance Fund.
Economy Watch: Job Openings Up in April; More Employers Looking to Hire in Q3
U.S. job openings were up in April, compared to March. A recent study reflects hiring confidence among U.S. employers for the third quarter of 2014.
Port of San Diego To Seek Developers for Waterfront Hotel in Chula Vista
The City of San Diego is set to see one of the largest waterfront developments take shape as local authorities are gearing up for the Chula Vista Bayfront project. The Port of San Diego is set to issue an RFQ for a convention resort hotel project that would be part of the Bayfront master plan, acting as the centerpiece of the sprawling CVB development initiative. Jones Lang LaSalle is the entity acting as the lead advisor for the Port of San Diego on all aspects of the project.
Hines, Qatari Diar to Build 370-Room Conrad Hotel
Starting 2018, Washington, D.C., will be the home of a new luxury hotel. The developers of CityCenterDC, Hines, a privately owned real estate firm, and Qatari Diar, the real estate development entity of the Qatar Investment Authority, have recently reached an agreement with D.C. Mayor Vincent C. Gray to design and build the 370-room Conrad Washington, D.C., the newest property in the Conrad Hotels & Resorts luxury brand portfolio operated by Hilton Worldwide.
Twitter Chat: Bob Bach: 5 Biggest Misconceptions in CRE Markets Today
Bob Bach joined CPE for a live Twitter chat about the five biggest misconceptions in commercial real estate markets today. The transcript follows.
Economy Watch Weekly: Hiring Strong in May
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending June 6, 2014.
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