News
Dreamcatcher Opens 79-Room Hamptons Hotel in the Entertainment District
Albuquerque’s hospitality scene has made room for the fourth Hampton property in the metro area and the 19th in the state. Conveniently located in the heart of the business, dining, and entertainment district, at 4412 The 25 Way, guests can easily get to I-25, to local restaurants and many of the area’s attractions such as Cliffs Amusement Park, the New Mexico Rail Runner Train System, to several casinos and award winning golf courses.
Economy Watch: Consumer Debt Sees Uptick in 3Q; Home Prices Up; Unemployment Claims Down
Aggregate U.S. consumer debt increased by $127 billion in the third quarter of 2013, the largest increase since the first quarter of 2008. Home prices continued growing during the third quarter of 2013. And weekly unemployment claims dropped by 2,000 from the previous week.
Shanghai Zendai to Develop $8B Financial Hub in South Africa
Hong Kong-based developer Shanghai Zendai Property Ltd. is investing $7.8 billion in the development of a mixed-use project in Johannesburg over the next 15 years.
Levin Survey: Holiday Retail Traffic Expected Sooner This Year
Retail property operators and managers will have their hands full this holiday season, and it will happen sooner rather than later.
Steadfast Income REIT Buys 6 Apartment Communities in Houston
Steadfast Income REIT has acquired 1,692 apartments in Houston as part of a six-property portfolio deal that closed in two phases. It is the second investment in Houston in two months and one of many the REIT has made in Texas.
O’Connor Capital Welcomes Co-Founder Rufrano Back as CEO
Glenn Rufrano, former CEO of Cushman & Wakefield, has returned to real estate investment and management firm O’Connor Capital Partners as chairman & CEO, 13 years after leaving his role as president & COO of the company.
Hines Buys 953 KSF Logistics Facility in Growing German Market
International real estate company Hines has completed one of the largest logistics transactions to take place in central Europe by acquiring the Fiege Mega Centre is a single-tenant e-commerce logistics property located in Erfurt, Germany.
Prudential RE Investments Closes $430M Property Fund V
Prudential Real Estate Investors continues to pick up acquisitions through its $430 million U.S. Property Fund V and is looking ahead to more office and multi-family investments for the fund.
Lend Lease Project in Singapore Nabs Bronze at MIPIM Asia
Jem, a 1 MSF mixed-use development by Lend Lease in Singapore, has yet again received accolades at the MIPIM Asia Awards, nabbing this year’s Bronze in the Best Mixed Use Development category.
Jay Paul Breaks Ground on San Francisco’s 181 Fremont Tower
Jay Paul Co. broke ground on 181 Fremont St., a 54-story, 684,000-square-foot residential and office tower near the Transbay Transit Center in San Francisco’s South of Market district.