News
CoreNet Global, Rocky Mountain Institute Offer Road Map for Energy Use
In an effort to advance the next generation of energy management in corporate real estate, CoreNet Global and the Rocky Mountain Institute have released a new framework for owners, tenants, property managers and other stakeholders.
Local Construct Breaks Ground on Innovative Housing Concept in Echo Park
A new housing development project in Los Angeles’ Echo Park recently held a ground-breaking event, celebrating the innovative concept tackled by the project. Los Angeles-based Local Construct has started work on its Blackbirds micro-neighborhood. The community will be located on a site that formerly housed five rundown cottages in Echo Park.
Economy Watch: Job Creation Spikes in April; Manufacturing, Construction Gain
The economy added 288,000 jobs in April, and manufacturing expanded for the 11th consecutive month.
HYM to Co-Develop New Balance’s $500 Million Boston Landing Mixed-Use Project
New Balance Athletic Shoe, Inc., one of the largest sports footwear manufacturers in the world, recently announced it has selected a co-developer for the new headquarters building that is currently under construction between the Allston/Brighton interchange.
Atlantic Realty Buys Baltimore’s Alameda Marketplace for $11.3M
A Baltimore City urban shopping center has recently changed hands. The Alameda Marketplace was acquired recently by Atlantic Realty Companies, for $11,305,000. Continental Realty Corporation was the seller.
Economy Watch: GDP Barely Rises; FOMC Points to Growth; ADP Reports 220K Jobs in April
The Federal Open Market Committee reports an uptick in economic activity since its last meeting in March, though GDP barely grew in the first quarter of 2014. Good news comes from ADP, which reports 220,000 jobs added in April.
Rechler Equity Breaks Ground on $100M M-U Project in Hamptons
The highly anticipated Hampton Business District at Gabreski, a unique $100 million mixed-use development at Francis S. Gabreski Airport in Westhampton Beach, N.Y., has gotten underway.
New Company to Give “Everyday Investors” Access to San Diego Multi-Family
Two commercial real estate veterans in San Diego have launched Perry Commercial RE Investments, a new company that will focus on providing new investment options in commercial real estate, specifically in the multi-family space.
Studley and Savills to Merge in $260M Deal
Industry predictions for an increase of M&As in 2014 have received a big piece of supporting evidence now that the rumored Studley and Savills merger has been made official.
New Home Company Opens Welcome Pavilion for San Jose Master-Planned Housing Community
The New Home Company recently opened a Welcome Pavilion at its latest master-planned Silicon Valley master-planned residential community. The Orchard Park housing development in San Jose is set to display model homes and hold the initial sale phase at the community located near the intersection of Old Oakland Road and East Brokaw Road in the city’s Berryessa District.