News
MGM Resorts, AEG Break Ground on New Vegas Arena
MGM Resorts and AEG last week broke ground on a new $375 million, 20,000-seat indoor arena west of the Las Vegas Strip, between the New York-New York and Monte Carlo resorts.
Economy Watch: April Job Increases Broad-Based, 2012 Report Exonerated
Friday’s employment numbers came in better than expected, posting the largest employment rise in about two years. And the Office of the Inspector General termed accusations of falsified data on the 2012 report baseless.
MIPIM Special Series — Part One: Shared Buildings and Spaces
The first in a three-part series of reports on worldwide real estate focused on shared buildings and spaces.
Blanca Commercial Real Estate to Broker Leases at Douglas Entrance Office Park
Just over a month after Banyan Street Capital and Oaktree Capital Management LP paid $100.75 million to Pearlmark Real Estate for Douglas Entrance, the joint venture selected Blanca Commercial Real Estate as exclusive leasing agent for the 467,325 square foot, five-building landmark office campus at 800 S. Douglas Rd. in Coral Gables.
Taylor Morrison Announces Start of Construction at Travisso Master-Planned Community
For Leander’s newest master-planned community Travisso, Arizona-based builder and developer Taylor Morrison Home Corporation, announced the start of its models for four home collections. These are schedule to be completed in May.
Indianapolis Selects Former General Motors Site for Justice Complex, to Cost as Much as $500M
The city of Indianapolis has finalized its decision to use part of the former General Motors stamping plant southwest of downtown for the construction of the new Marion County Justice Center.
CWCapital Affiliates Buy 2 Foreclosed Office Buildings for $6.1M
Two buildings in Lenox Park, 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for $6.1 million following a foreclosure
Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee
MBA Hotel Brokers, Inc. has announced the sale of the 153-key Comfort Inn Carowinds in Fort Mill, South Carolina, in the Charlotte metro area.
Tulsa Wins State’s First Costco; Watermark Cos. Breaks Ground on M-F Complex in Glenpool
Tulsa City Mayor Dewey Bartlett and Tulsa City Councilor Phil Lakin recently announced that Costco will open a store at 103rd and Memorial in Tulsa.
Carter, Dawson Co. Launch Work on Banks Project
The Banks project includes residential, office, hotel and retail components and is Cincinnati’s largest single, mixed-use development. After many months of delay, work has finally started, on April 28th, on Phase IIA of the project.