News
Lincoln Property, NVRetail Celebrate Groundbreaking of The Reserve at Tinner Hill
Government officials met with representatives from the Lincoln Property Company and NVRetail on Tuesday, April 8, to celebrate the groundbreaking of The Reserve at Tinner Hill. This upscale apartment and retail development is located at the intersection of South Maple Avenue and Washington Street, right in the heart of Falls Church, one of the most affluent regions in the Washington, D.C. Metropolitan Area.
Paragon Commercial, Canyon Catalyst JV Acquires 158 KSF Retail Center in Rancho Mirage, Calif.
A joint venture between the Canyon Catalyst Fund and Paragon Commercial Group has made its first retail acquisition in California – the 158,156-square-foot Rancho Las Palmas shopping center in Rancho Mirage.
Sheraton Hotels & Resorts to Open New-Build Hotel, Conference Center in Austin Suburb
A joint venture between Hines and The Novak Bros. will develop a 224-key Sheraton hotel and conference center in Georgetown, Texas, an upscale suburb of Austin.
Economy Watch: Fed Doesn’t Want to Raise Rates; Chinese Exports Dip in March
The Fed isn’t planning on raising interest rates merely based on unemployment numbers alone. Chinese exports were down for a second straight month in March.
ULI Spring 2014: Identifying Opportunities and Structuring Deals
Amy Price, COO of Bentall Kennedy U.S., meets with CPE at ULI’s 2014 Spring Meeting in Vancouver. Price gives us the rundown on the firm’s strategy for identifying markets where multifamily remains hot, as well as insight into industrial investment and sourcing capital.
Time Equities Makes $9.5M Acquisition of Its First Retail Property in Indiana
In a $9.5 million deal, Time Equities Inc. (TEI) of New York has acquired the Shadeland Station shopping center on the north side of Indianapolis.
Exeter Affiliates Buy $43M of Industrial Space in Memphis
The Memphis industrial market recently became red-hot with the $43 million sale of an industrial portfolio.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
4 Companies to Develop M-U Building in Tokyo’s Famed Ginza District
J. Front Retailing, Mori Building, L Real Estate and Sumitomo have entered a mutual agreement to jointly operate a retail facility that will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Select Income REIT Closes $188M Acquisition of 820 KSF Office Property in Suburban Chicago
Select Income REIT has gotten its hands on a premier 820,000-square-foot office asset in suburban Chicago, courtesy of a sale-leaseback transaction with Tellabs Inc.