News
Zeckendorf JV to Build 51-Story M-F Tower in Uptown Manhattan
Zeckendorf Development has revealed plans for 520 Park Ave., a 51-story luxury condominium property that will be built in a partnership with Global Holdings and Park Sixty in Manhattan.
Lew Rudin and the Rebirth of New York
Bill Rudin and author/historian Seymour Lachman discuss Lew Rudin’s legacy to New York City and the city’s future growth.
White Paper: Critical Risks in Lease Terms
As the CMBS market returns, borrowers would do well to ensure their lease documents are structured appropriately and they are familiar with the most critical elements.
Fairmont Hotels & Resorts Opens First Residences in China
Fairmont Hotels & Resorts has opened its first residential project in China. Fairmont Chengdu Residences are part of a mixed-use development scheduled to open in 2015.
Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal
By Amalia Otet, Associate Editor In a $10.8 million deal, Mentor Properties Inc. has acquired Monterey Pines, a 216-unit apartment community in the Peoria suburb of Phoenix. The price translates to $50,000 per unit. Murano Properties, the seller, was represented by Cliff David, a vice president with Marcus & Millichap Real Estate Investment Services Inc., […]
Economy Watch: ULI/E&Y Forecast More Optimistic than Before; Construction Spending Peaks Slightly in February
The latest semi-annual ULI/E&Y Real Estate Consensus Forecast predicts that U.S. commercial property transaction volume will reach $430 billion by 2016, exceeding the volume of 2006. Construction spending edged up 0.1 percent month over month in February.
Real Estate Capital Partners JV Sells 2 MSF Adidas Distribution Center in Spartanburg, SC
Real Estate Capital Partners and IVG Institutional Funds have sold their 1.9 million-square-foot Adidas U.S. distribution center in Spartanburg, S.C.
Cummins Announces $30M HQ Project at Former Arena Site in Downtown Indianapolis
Columbus, Ind.-based engine manufacturer Cummins Inc. is planning the construction of its new global distribution headquarters on a four-acre portion of the former Market Square Arena (MSA) site in downtown Indianapolis.
Economy Watch Weekly: Housing Market Slightly Slows—a Good Thing
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 28.
The Art of Abstracting: Due Diligence, Ownership/Investment and Management Through Accurate Lease Abstracting
Developing and maintaining the integrity of lease data on a timely basis is essential to providing a solid foundation for due diligence, property ownership/investment and management.
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