News
Enterprise Launches $144M One-Stop Shop Affordable Housing Fund
Enterprise Community Investment just made investing in affordable housing development simpler with the introduction of the Enterprise Housing Partners 24 Fund.
TriGranit Develops 344 KSF Office Complex in Krakow, Poland
TriGranit, one of the largest fully- integrated European real estate investment, development and management companies has completed the first stage of development of Building D in the Bonarka 4 Business (B4B) complex.
Juno Plans Fall 2014 Opening for Bazaar-Flavored Retail Project on the Strip
With the office market showing signs of life and the residential market having its best year since the downturn, Las Vegas’ retail market has also seen important boosts in terms of new projects and completions. One of the largest projects of its kind, the Grand Bazaar Shops will attempt to breathe new air into the Las Vegas Strip’s retail profile, betting big on a vibrant new concept of commerce, right at the entrance to Bally’s Las Vegas.
Hackman JV Scoops Up 1.6 MSF Campbell’s Soup Manufacturing Facility in Sacramento
Hackman Capital Partners, in a joint venture with Rabin Worldwide and Capital Recovery Group, has acquired the 1.6 million-square-foot industrial building in Sacramento that had served as Campbell Soup Co.’s manufacturing facility until last summer.
JW Marriott Hanoi Expands in Southeast Asia as Luxury-Brand Hotel
Marriott International is continuing its rapid growth with the recent opening of the JW Marriott Hotel Hanoi, a brand new location for the luxury brand that has in the past year made a point of expanding into Southeast Asia.
USAA, Touchstone Partner to Develop Project in Seattle’s South Lake Union
The hot South Lake Union submarket in Seattle is getting another office development as USAA Real Estate Co. and Touchstone team up on a two-building, 820,000-square-foot project at 307 Fairview Ave. North.
Clarion JV Sells Storage Portfolio in Texas, North Carolina for $258M
A partnership composed of Clarion Partners and Private Mini Storage has sold for $258 million a 30-property, 2.4 million-square-foot portfolio of self-storage facilities.
Economy Watch: State, Local Tax Revenues Up; Small Businesses Less Grumpy
The total state tax collections increased during the second quarter of 2013, as well as local tax revenues. And the small-business optimism index increased slightly in November.
Xinyuan Grabs 4 Land Parcels in China
Xinyuan Real Estate Co. has acquired four land parcels in China via auction and intends to primarily develop apartments.
CBRE Trades 377 KSF Class A Office Building in NJ Suburb
GAF, North America’s largest producer of roofing materials, is moving from its longtime Wayne, N.J., corporate headquarters to a 377,000-square-foot, Class A office building in Parsippany, N.J., in a deal described by CBRE Group Inc. brokers as “one of the largest in the state this year.”