News
Holiday Inn Greenlit Despite Protests
Developer Hardial Sibia’s plan to build a four-story, 93-guest room Holiday Inn Express in Boynton Beach has been approved Tuesday after six years of opposition of senior citizens who reside at the nearby Palm Beach Leisureville, within a few blocks from the site.
Velocis Forms Partnership With Moors & Associates Through the Acquisition of Two Office Buildings
A new partnership has formed between Bethesda, MD-based Moore & Associates and Dallas-based Velocis Fund. The latter acquired the majority interest in two Class A office buildings: Arboretum Atrium at 9737 Great Hills Trails and Las Cimas I at 804 Las Cimas Blvd; the properties total 170,000 square feet.
Southern Apartment Group Relocates HQ; Hyatt Opens in Luxury Condo Project
Southern Apartment Group, a major player in the Metrolina multifamily market, has announced the relocation of its corporate headquarters to the rehabbed historic Grinnell Water Works Building.
Intu, CPPIB JV Acquires 807 KSF Shopping Center in Northern Spain
Intu Properties and the Canada Pension Plan Investment Board have jointly acquired the Parque Principado Shopping Center in Asturias, Northern Spain, for $220 million.
Sperry Van Ness, DealPoint Merrill Form Strategic Alliance
Through a new strategic alliance with DealPoint Merrill, Sperry Van Ness International Corp. will be expanding its national equities platform.
RE World Wants Next NYC Mayor to Keep Bloomberg Policies in Place
According to speakers on a Newman Institute panel titled “New York’s Next Urban Agenda,” the impact on real estate of Mayor Bloomberg’s 12 years in office has been broad and sweeping: 37 percent of the city has been rezoned, and it has added new stadiums and luxury housing along the Williamsburg and Queens waterfronts.
Economy Watch: Residential Price Appreciation Slows Down; Gas Prices Headed Downward
The pace of residential price appreciation nationwide slowed down in the third quarter of 2013, and even turned negative in some markets. Gas prices have been dropping steadily since this time last year, with predictions that they will continue to drop for the rest of the year and into 2014.
Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal
Liberty Property Trust acquired two industrial buildings in Tempe as part of a larger deal that added 177 properties to the company’s national portfolio and expanded its industrial platform by approximately 23 million square feet.
Wasatch Front Job Growth Outpaces 2012; Retail Vacancy Declines as New Product Slows
By Alex Girda, Associate Editor As Salt Lake City’s economy slowly rises, improvement is extending to the retail market, a recent report shows. The Wasatch Front has added approximately 36,900 new jobs over the past year, an annual growth rate of 3.6 percent. According to Marcus & Millichap Real Estate Investment Services Inc., professional and […]
New Office Product Nears Debut as Job Picture Brightens
By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs over the past 12 months, […]