News
Economy Watch: Home Price Growth Slows; Mortgage Delinquencies, AIA Billings Index Edge Up
The House Price Index was up 0.3 percent in August compared with the previous month, although economists expected a larger monthly increase. The mortgage delinquency rate increased from 6.2 percent in August to 6.46 percent in September. And the American Institute of Architects reported that its September Architecture Billings Index was 54.3, up from 53.8 in August.
Moving Time: Tech Startup Apigee Leases New Space in San Jose to Seal Palo Alto Move, Visa Looking for Space in San Francisco Again
By Alex Girda, Associate Editor The Bay Area’s office market generally benefits from a hot tech market that sees development and leasing that is driven by expanding giants such as Google, Facebook and Twitter, as well as an influx of smaller companies betting on space in the technological epicenter of Silicon Valley. As space changes […]
TPG, Ivanhoé Cambridge JV Acquires Point Park Properties
U.S. private equity firm TPG and Ivanhoé Cambridge have teamed up for the purchase of European logistics firm PointPark Properties (P3) from Bahraini investment company Arcapita.
Reed Construction to Renovate Aon Corp. Headquarters at The Aon Center; Urban Innovations Announces Signing of Five New Leases
Reed Construction, a full-service general contractor, recently announced it has been chosen to complete a 375,000-square-foot renovation for Aon Corporation at The Aon Center in Chicago.
Crawford Hoying Unveils Plans for $300M Mixed-Use Project in Dublin
Columbus CEO magazine readers recently selected the City of Dublin as The Best Central Ohio Suburb to Do Business for the third consecutive year. And the good news just keeps on coming. On October 22, city officials and local developer Crawford Hoying unveiled plans for a $300 million mixed-use project that will transform the Columbus suburb and create a ”world class environment.”
State-of-the-Art Candelas Swim and Fitness Club Awarded LEED Gold Certification
Candelas, one of the Denver metro area’s fastest growing new home communities, has recently announced that its first recreation center has been awarded LEED Gold Certification by the United States Green Building Council.
Executive Spotlight: Louis Rogers, Capital Square Realty Advisors
Louis Rogers, who helped found Triple Net Properties, now balances new firm Capital Square Realty Advisors and a love for competitive horseback riding.
BREAKING NEWS: ARCP to Buy Cole for $11.2B, Creating Largest Net-Lease REIT
Expected to close during the first half of 2014, the deal would create a $21.5 billion company.
TMT Development Restarts Portland Tower After 5-Year Hiatus
The $175 million Park Avenue West Tower will incorporate residential, office and retail components and is pre-certified LEED Platinum.
IREM Special Report: Getting and Keeping Young Talent
Young property managers and executives offer insights at IREM’s fall conference in Scottsdale.