News
Hilton Baltimore BWI Airport Completes Renovation
The Hilton Baltimore BWI Airport announced last week the completion of a number of significant upgrades. They helped improve the hotel’s ranking and elevated it into the top five of its competitive set, according to reviewers on one of the top guest-rated websites.
Live Chat with NGKF’s Robert Bach
Join us for a live Twitter chat with Newmark Grubb Knight Frank National Director of Market Analytics Robert Bach.
Thor Equities, Rockwood Capital Buy NYC’s Upper West Side Apartment Property
Acting through its new residential division, Thor Equities has joined forces with Rockwood Capital on the acquisition of 838 West End Ave., a 70-unit apartment property on Manhattan’s coveted Upper West Side.
NCC to Build 400-Unit Apartment Complex in Denmark
NCC Construction Denmark has received a $115.3 million construction contract to build an apartment complex in Aarhus, Denmark.
Senior Housing Properties Buys Vertex Pharmaceuticals Global HQ in Boston for $1.1B
In the biggest deal in Boston so far this year, Senior Housing Properties Trust has acquired the Vertex Pharmaceuticals headquarters on Fan Pier in the Seaport District from The Fallon Co. and an institutional investor for $1.1 billion.
Economy Watch: Seniors Housing Builders More Optimistic; Home Price Increases Slowing Down; Initial Unemployment Claims Drop
Builder confidence in the single-family 55+ housing market for the first quarter of 2014 is up year over year. Overall, housing prices are continuing to rise, though not as fast as in the last two years or so. And for the week ending May 3, initial unemployment claims decreased by 26,000 from the previous week.
Ever Greener
By Jacob Kriss Initially launched in the United States in 2000, the U.S. Green Building Council’s LEED green building rating system has seen rapid uptake. One of the preeminent reasons for LEED’s success was the leadership of the U.S. federal government. With more than 1,500 certified projects to date, the government has remained committed to green building and was an early leader in implementing it. In 2003, the U.S. General Services Administration mandated LEED certification, with a target of LEED Silver for all of its capital building projects. In 2010, it raised this requirement to LEED Gold for all new…
Shows Improvement
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
STRS Sells 529 KSF Office Property in Parsippany, NJ to Brookwood
STRS Ohio has sold Morris Corporate Center 1 & 2, a 529,362-foot trophy office property in Parsippany, NJ to Brookwood Financial Partners for $82 million.