News
Economy Watch Weekly: Congress Comes to Modest Fiscal Agreement; Volcker Rule Published
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Dec. 13.
KTGY-Designed $1B Master Planned Community in California Moves Forward
A $1 billion-plus, 2,200-acre master-planned community just off I-10 in Coachella, Calif., has received unanimous approval by the city council there.
C&W Taps Forst for CEO Position
Job filled. Cushman & Wakefield has just tapped Edward Forst, onetime global co-head of Goldman, Sachs & Co.’s Investment Management Division, to serve as the new president & CEO of the global commercial real estate services firm.
Economy Watch: Industrial Production Surpasses ’07 Level; SoCal Residential Sales Ease Off; Senate Likely to Pass Budget Bill
Total industrial production in November 2013 was 3.2 percent above a year ago. Southern California experienced a year-over-year drop in residential sales in November. And the Senate seems ready to approve the budget measure passed by the U.S. House of Representatives recently, which would undo some of the harsher effects of the sequester, and forestall another federal government shutdown early next year.
Carlson Rezidor to Open 2 Radisson Blu Properties in Saudi Arabia
Carlson Rezidor Hotel Group has increased its portfolio in the Kingdom of Saudi Arabia with the addition of two upscale Radisson Blu properties: The Radisson Blu Resort Al Khobar Aziziya and Radisson Blu Hotel & Residence Unaizah.
Mobile Leasing Starts at Carter’s Tetro Student Village
Construction works have started a few months ago at Tetro Student Village, a new student housing project located at 14402 Babcock Road, less than half a mile from the University of Texas at San Antonio (UTSA). Carter, the Atlanta-based development firm, has commenced the leasing process in a very unique way.
Stirling Properties Announces New Tenants, Expansions at Metro NOLA Developments
Joint venture partners Stirling Properties and CBL & Associates Properties, Inc. have announced four new tenants for Phase I of Fremaux Town center in Slidell, Louisiana.
CSU Breaks Ground on $45M Center for Innovation in Health Professions
Cleveland State University broke ground on December 9 on a new health sciences building. Called The Center for Innovation in Health Professions, it will be the place where students will learn and work together in interdisciplinary collaboration. The project is expected to cost $45 million.
INX International Breaks Ground on 62,000 SF Plant in Lebanon
INX International Ink Co., a division of Japanese company Sakata INX, announced at the end of November its plans to build a new 62,000-square-foot facility in Lebanon, Ohio. On December 5, the company broke ground on the project. The ceremony was attended by both company officials and local dignitaries.
Valeant Takes 310 KSF Lease for New HQ in Bridgewater, NJ
Multinational pharmaceutical company Valeant Pharmaceuticals International is consolidating its multiple locations by moving into its new U.S. headquarters at Somerset Corporate Center IV, located in central NJ.
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