News
AIG, Associated Estates Enter JV to Build $220M M-U Development in San Francisco
AIG Global Real Estate and Associated Estates Realty Corp. have entered into a 50:50 joint venture partnership to build a 3.4-acre site at Eighth and Harrison streets in San Francisco.
Economy Watch Weekly: Housing Starts, Home Sales Stagnate; Fed Cuts More Bond-Buying
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 21.
Fitch: Simon Property Launch of Simon Venture Group A Positive Move
Simon Property Group’s introduction of Simon Venture Group, a new business that will invest in technology companies targeting retail innovation with the goal of heightening the shopping experience, is a step in the right direction, according to Fitch Ratings.
Meridian Arranges $200M in Financing for M-U Commercial Property in NYC
Meridian Capital Group has arranged $200 million in acquisition financing for the mixed-use commercial building at 530 Broadway in New York, on behalf of a venture led by Jeff Sutton’s Wharton Properties.
CBRE Cincinnati’s Mike McMillan to Represent Proposed Technology Park in Oxford
A proposed 74-acre technology park next to Miami University could transform Oxford into Ohio’s Silicon Valley. Or, as Ryan Howard, a character on the popular TV show The Office, called it, a Silicon Prairie. Recently, Mike McMillan, of CBRE Cincinnati’s Data Center Solutions Group, has been selected to represent this build-to-suit project, find tenants and help get it off the ground.
Economy Watch: Home Price Rises Stall, Foreclosures Slow; Chicago Fed: Economic Activity Above Trend
The latest Home Price Index remains status quo month over month. Foreclosure starts dropped 30 percent compared with this time last year. And The Chicago Fed National Activity Index increased to +0.14 in February from –0.45 in January, showing no imminent inflation this year.
San Antonio City Council Selects Gustafson Guthrie Nichol to Design Hemisfair’s Civic Park
The San Antonio City Council has selected the firm to design and arrange the landscape architecture for the Hemisfair Park. The winner is Seattle-based Gustafson Guthrie Nichol (GGN). The project is part of a series of three parks on the Hemisfair site.
Robért Fresh Market Releases Plans for Marigny Location
Conceptual plans for the much-awaited Fauborg Marigny/Bywater location of Robért Fresh Market have been released and were met with the approval of the Historic District Landmark Commission.
Cohen Acquires 395 KSF Industrial Building; Liberty’s Aetna Building Awarded LEED Silver
Jersey Industrial Capital LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., has acquired 43rd Avenue Logistics Center, a newly-developed 394,775-square-foot industrial building in Phoenix.
Horizon Group Properties, CBL Break Ground on Phase 3 of The Outlet Shoppes at Oklahoma City
Horizon Group Properties and CBL & Associates recently broke ground on the third phase of the Outlet Shoppes at Oklahoma City. The 368,000-square-foot shopping center first opened in 2011 and since then has become a favorite shopping venue for Oklahomans, as well as for those living in the surrounding states including Kansas, Arkansas and Texas.
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