News
C&W’s Kelly Named ABC News Consultant
Cushman & Wakefield’s newest president of the Risk Management Services group, former NYPD head Raymond Kelly, has now been tapped to lend his expertise to ABC News.
First Green Commercial Building in West Africa Tops Out
International consultancy and construction firm Mace and Laurus Development Partners have jointly celebrated the topping out of One Airport Square in Accra, Ghana.
Macquarie Mexican REIT Buys 171 KSF Retail Center in Mexico City
Macquarie Mexican REIT has acquired City Shops del Valle, a 171,297-square-foot retail center located in the Mexico City Metropolitan Area of Colonia del Valle.
Economy Watch: Personal Income, Expenditures Rise in February; Unemployment Dips; Consumers Grumpier
Both personal income and personal consumption increased by 0.3 percent in February. Twenty-nine states experienced unemployment rate decreases in February compared with January. The final March Reuters/University of Michigan consumer sentiment index came in at 80.0, a slight increase from the mid-March reading of 79.9.
E.CON Special Report: Building for E-Commerce
How can a developer attract e-commerce tenants? Speakers at NAIOP’s E-CON offer advice on what’s desirable and what to avoid when planning an e-commerce facility.
Sansone Plans $23 Million Makeover for Boulevard Mall
With the city’s retail market still one of the pillars of its economy, a new refurbishment project was recently announced by commercial real estate firm Sansone Companies. The entity is looking to take an aging Las Vegas shopping center through an extensive renovation process that would add value and revive a once iconic property. Sansone is reportedly set to take The Boulevard Mall retail center through its first major renovation in more than 20 years. The company purchased the property at the end of last year for a fee of $54.5 million.
Full House Pays $62M for Metro Memphis Casino
Full House Resorts, Inc. a locals-oriented, regional casino gaming company, has announced entering into a definitive agreement with The Majestic Star Casino LLC to purchase Fitzgerald’s Casino for $62 million.
DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington
DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months.
Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque
About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.
Value Place, Pure Strike to Develop 124-Key Hotel in San Angelo, Texas
Leading economy extended-stay hotel brand Value Place continues its rapid expansion across the U.S. with the development of a new property in Central Texas, in partnership with Pure Strike Development.