News
LaSalle, Harvest Properties Buy 2 Office Towers in San Mateo, Calif. for $100M
LaSalle Investment Management and Harvest Properties have made their second Class A office purchase in the Bay Area with the acquisition of 1400 and 1450 Fashion Island Boulevard in San Mateo, from Fisher Investments. The amount paid for the properties was not disclosed but was reportedly about $100 million.
Ashford Trust Launches New App for Hospitality REIT Investors
Ashford Hospitality Trust, Inc. has launched the Ashford App, a mobile app targeted toward hospitality REIT investors.
Economy Watch: CPI Edges Up in March, Inflation Still Muted; Homebuilders More Optimistic; Gas Prices Up
The Consumer Price Index for All Urban Consumers was up 0.2 percent for the month, but inflation is still on the low side. The National Association of Home Builders reported that the NAHB/Wells Fargo Housing Market Index rose one point to 47 in April from a downwardly revised March reading of 46.
Buchanan Street Picks Up Office, M-F Properties for $43M
Newport Beach, Calif.-based Buchanan Street Partners teamed with Baron Properties of Denver, Colo., to purchase Vue Park West, a 260-unit luxury apartment community in Peoria. The partnership paid $30 million for the complex, or $115,300 per unit.
PBY Partners Buys Central Parke in Norwood for $34M; Port Authority Taps CBRE to Market TechSolve II Expansion
In one of Greater Cincinnati’s largest commercial real estate deals of the year, 4600 Smith Road Holdings LLC sold its Central Parke Business Park Portfolio to a group of local investors, called PBY Partners. The price of the transaction was $34 million.
Pittman, Barrett & Stokely Plan $35M High-End Multi-Family Community in Carmel
Construction could soon begin on a luxury 14-building, 256-unit apartment community near the Monon Greenway in Carmel.
Community Three Development to Open New Condo Building Shaw Neighborhood This May
Last Week, on April 11, Community Three Development, a local real estate company, has topped out its latest project. It’s called the Centrie and it’s the first new new condo development of its size in D.C.’s Shaw neighborhood in over a decade.
Dine-in Movie Theater Replaces Grand Cinemas Crossroads 6
Roadhouse Cinemas, a group of local entrepreneurs will open a state-of-the-art dine-in cinema in Tucson later this year. The group will spend over $2 million on the recovery of Grand Cinemas Crossroads 6, an existing discount theater located at the corner of East Grant and North Swan Road at Crossroads Festival Shopping Center.
Economy Watch Weekly: Fed Not Raising Rates, Even Though Employment’s Better than Expected
CPE’s economic analyst, Dees Stribling, gives his update for the week ending April 11.
NYU CUSP, Related & Oxford Team to Create First ‘Quantified Community’ in U.S. at Hudson Yards
New York City’s Hudson Yards developers have joined forces with New York University’s Center for Urban Science and Progress to make Hudson Yards the first Quantified Community in the country.
You must be logged in to post a comment.