News
Former Cold Storage Facility in Pittsburgh will be Converted to Apartments
Sampson Morris Group is moving forward with its plans to redevelop the New Federal Cold Storage building in the Strip District into apartments. According to the Pittsburgh Business Times, the Monroeville-based developer has recently briefed the city planning commission on its proposal, which calls for 144 apartments and 158 interior parking spaces.
Moceri to Break Ground on $46 Million Residential Complex in Auburn Hills
A 21.5-acre city-owned property that has been sitting vacant for the past ten years will be turned into a $46 million residential development.
LSU Health Baton Rouge Opens New Urgent Care in Capital Region
A new urgent care medical facility is available for residents of the Capital Region. Located on Airline Highway, in North Baton Rouge, the new LSU Health Baton Rouge Urgent Care Center in North Baton Rouge has recently opened for patients as an alternative to hospital emergency rooms.
Highwoods to Develop MetLife’s Global Technology and Operations Hub in Cary
Raleigh-based Highwoods Properties has unveiled its plans to develop a $110 million office park for MetLife on Weston Parkway in Cary.
Cousins Closes Billion-Dollar Purchase of 5 MSF Texas Office Portfolio
Cousins Properties has wrapped up the $1.1 billion all-cash purchase of Houston’s 4.4 million-square-foot Greenway Plaza portfolio and Fort Worth’s 777 Main St. from affiliates of Crescent Real Estate Holdings.
Hackman Capital Wins Bid for Hostess Brands’ Assets
Hackman Capital Partners saw an opportunity to turn Hostess Brands leftovers into an appetizing investment by acquiring the remaining assets of the former national bakery brand at a recent bankruptcy auction for $62.5 million.
Design Unveiled for Trump International Hotel in DC
Trump Hotel Collection has released its plan for the $200 million redevelopment of The Old Post Office in Washington, D.C., which will transform the iconic Pennsylvania Avenue landmark into the Trump International Hotel.
Economy Watch: Negative Equity Dropping; Fewer Job Openings; Small Bizs Plan to Create Jobs
Under-equitied mortgages accounted for 21.1 percent of all residential properties with a mortgage nationwide in the second quarter of 2013. The number of job openings dropped from 3.9 million in June to 3.7 million in July, the lowest level in about six months. And job creation plans leapt to a level not seen since before the recession and sales expectations improved, but this optimism was tempered by significant drops in sales and profit trends.
Economy Watch Weekly: Mediocre Jobs Numbers Have Economists Asking: What’s Next from the Fed?
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Sept. 6
Cassidy Turley Takes Ownership of 4 Former Affiliates, $7.3B in Transaction Volume
Talk about productive end-of-summer activities. Cassidy Turley recently gained full ownership of four of its former affiliates in Arizona, Colorado, Northern California and San Diego.
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