News
Minor Hotel Group Expands Mozambique Portfolio with Luxury Assets
Minor Hotel Group has added three hospitality projects in Mozambique to its holdings as part of its investment strategy targeting a portfolio increase of both global and Mozambican hospitality assets.
PinPoint to Break Ground on $250 M-U Development Site in Houston
PinPoint Commercial will break ground next week on Woodland Creek, a new 75-acre mixed-use development in The Woodlands, Texas.
Economy Watch: Retail Sales See Healthy Uptick; Federal Deficit Still Dropping
Retail and food services sales increased by 3.8 percent in March year over year. The Congressional Budget Office estimated that the budget deficit in fiscal 2014 will be nearly a third less than in 2013.
Saint-Gobain Inks 320 KSF Lease for New North American HQ
World’s largest building materials company Saint-Gobain has signed a long-term lease for 320,000 square feet of space at its new North American headquarters in Malvern, Pa.
International: Places for People, Barratt Homes JV to Create 2,000 New Homes in England
Places for People has entered into a new joint venture with Barratt Homes that will create 2,000 new homes at its Brooklands development in Milton Keynes, England.
Developers Resurrect Plans for 130,000 Sq.Ft. Green Roof atop Barclays Center
The multi-purpose indoor arena that the Brooklyn Nets have been calling home for almost two years will get a “green” redesign of its huge roof, Forest City Ratner Companies (FCRC) and Greenland Group Co. of Shanghai announced recently.
Colliers Retained as Exclusive Leasing Agent for 156,000 Sq.Ft. Office Building in Quincy
Marina Bay Management Services, LLC has retained Colliers International to serve as the exclusive leasing agent for a premier office property in suburban Boston.
ALTO Real Estate Funds Completes Moreno Valley Retail Acquisition to Start New Investment Fund
ALTO Real Estate Funds has started its second investment vehicle in the American market with a retail purchase in Moreno Valley, CA. The New York-based private equity real estate investment company has closed on the purchase of the TownGate Center for a fee of $47.2 million. The property will be the first to be part of the new ALTO FUND 2, the investment vehicle registered in the state of Delaware and has a target investment value of $100 million.
Capstone Advisors Pays $16M for Office, Retail Assets
Real estate investment development and advisory firm Capstone Advisors has recently moved for the acquisition of two different assets in the San Diego market. The company now owns an office building in La Jolla and a retail property near the University of San Diego. Capstone paid a total of $16.4 million for the two assets. The Carlsbad-based entity has recently made a number of commercial real estate acquisitions throughout San Diego and the Southwest.
Cresa Expands into London
Cresa has long been known as a leader in tenant-only commercial real estate services, and now the firm is increasing its footprint across the pond and beyond.