News
Hyatt Hotels to Debut Hyatt Regency Sentul City Hotel in Indonesia
Hyatt Hotels Corp. is planning its sixth Hyatt-branded hotel in Indonesia, slated to open in 2017.
Economy Watch: Existing Home Sales Drop in November; UN Predicts Better Global Growth in ’14; Initial Unemployment Claims Up
Total existing home sales dropped 4.3 percent in November compared with October. The United Nations is optimistic about 2014, predicting economic growth to rise steadily. Yet initial unemployment claims increased by 10,000 from the previous week.
Orem Approves Mixed-Use Plan for University Mall; State Weighs Relocating Utah State Prison in Draper
As Utah has seen its profile as a tech market become more and more of a draw, local authorities are trying to make sure that they facilitate the creation of the proper environment to make more growth possible. Now, as the state’s job market is one of the healthiest in the entire country, and Salt Lake City, the largest city in Utah, is set to have one of the best office markets in 2014, policies are being drawn up to attract further interest to the area’s tech market. However, a major hurdle is in the way of one of the most important development areas for SLC’s tech market, the Standard-Examiner writes.
Cassidy Turley Arranges $78.7M in Financing for Forum Office Park in Raleigh
Commercial real estate firm Cassidy Turley has arranged financing totaling $78.7 million for The Forum office park in north Raleigh.
Four La Quinta Hotels in Tampa To Be Managed By Hotel Equities
Hotel Equities, an Atlanta-based full-scale hotel management, development and consulting firm has been selected to manage four La Quinta Inn & Suites hotels in the greater Tampa metro area. The company represents more than 30 brands with a portfolio including over 40 properties nationwide.
$8.3M Library Broke Ground in Albuquerque’s Westside
After an extended period of time in Albuquerque, at the intersection of Central Avenue and Unser Boulevard NW, broke ground a new library. HB Construction Inc. is the contractor and local design company Rhode May Keller McNamara is the architect for the project.
Team Gemini Breaks Ground on $420M Industrial/Research Project in Grove City
On Thursday, December 12, Team Gemini held a groundbreaking ceremony for the project at the intersection of Gateway West Drive and Haughn Road in Grove City. It was attended by company and government officials, as well as many others.
Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health
For a while now, a massive health care-centric development has caught the attention of media outlets as the ambitious project aimed to create a new community in Henderson, relying mainly on a number of facilities aimed at providing quality health care for the region. Union Village is set to cost a total of $1.6 billion dollars, to be developed by master planner Union Village LLC over a number of years. Now, Valley Health System has expressed serious interest in being taking over the centerpiece of the community, the acute-care hospital that will act as the anchor tenant for the village.
Technology Gives CRE Professionals Boost with New Mobile Tools
From an app for frequent note takers to a software-as-a-service management platform, a continuing evolution in technology is giving commercial real estate professionals new mobile tools to help them with their jobs.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.