News
Rouse Properties Announces New Leases, Changes to NewPark Mall in Newark
A Newmark retail property is set to be repositioned after owner Rouse Properties announces a number of newly-completed leases and changes to one of its assets. The owning entity is set to revive the NewPark Mall in Newark, Calif. by unveiling a number of new tenants and features into one of the focal points of the area in terms of entertainment, shopping and dining.
Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors
The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted local pride.
United Properties Acquires 24 Acres and Expands EBC Development in Stapleton
United Properties recently announced that it will expand its industrial development Enterprise Business Center. The Minneapolis-based developer and investor has acquired an additional 24 acres east of its EBC development from Forest City Stapleton Inc., the master developer for the redevelopment of Stapleton.
International: FRHI to Develop 7 New Hotels in MEAI Region
The MEAI (Middle East, Africa and India) region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts.
Calvin Cafritz Lands $61M in Financing for 263-Unit Apartment Project in DC
With the assistance of commercial real estate services firm Cassidy Turley, Calvin Cafritz Enterprises has secured $61 million in financing for the development of 5333 Connecticut Ave., a 263-unit luxury apartment community in the Chevy Chase neighborhood of Washington, D.C.
NorthView Student Housing Receives $58M in Funds for UCF Housing Development
NorthMarq Capital’s Florida-based offices have arranged $58 million in financing for NorthView Student Housing, located on the University of Central Florida campus in Oviedo, Fla.
Gramercy to Buy Garrison’s 50% Interest in $395M Bank of America Portfolio
Gramercy Property Trust is acquiring the 50 percent interest in a $395 million Bank of America office portfolio from its joint venture partner Garrison Investment Group.
Economy Watch: Retail Sales Eke Out Small April Gain; Household Debt Up in Q1; Small Businesses More Optimistic
Retail sales barely budged in April compared with March. Outstanding U.S. household debt increased $129 billion from the fourth quarter of 2013. The National Federation of Independent Business’ Small Business Optimism Index rose 1.8 points to a post-recession high of 95.2.
Economy Watch Weekly: Economy Still Crawling Back to Its Previous Health
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending May 9, 2014.
Investcorp Acquires RE Assets in Dallas, South Florida for $105M
Continuing what is shaping up to be somewhat of a shopping spree, Investcorp has acquired a group of four commercial and residential assets in metropolitan Dallas and South Florida for $105 million.
You must be logged in to post a comment.