News
Twin Cities’ Residential Construction Continues Growth Trend
Twin Cities’ residential construction is increasing according to recent data compiled by the Keystone Report for the Builders Association of the Twin Cities.
Cousins Acquires Fort Worth Tower as Part of $1.1B Deal
Cousins Properties Inc. has entered into an agreement to purchase 777 Main St., a 980,000-square-foot Class A office tower in Fort Worth, from a joint venture operated by Crescent Real Estate Holdings L.L.C.
DeBartolo Grabs 132-Room Aqua Waikiki Pearl Hotel in Hawaii
DeBartolo Development just made its first tangible foray into the Hawaii hotel market with the acquisition of Aqua Waikiki Pearl, a 132-room hotel in the heart of Oahu, in Honolulu.
Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal
Regency Centers Corporation has acquired the Shoppes of Burnt Mills. The Silver Spring shopping center traded for $13.6 million. Regency purchased the property from its developer, Bethesda-based Finmarc Management Inc., together with an undisclosed co-investment partner.
Hines to Develop 54-Story M-U Project in Shanghai
Hines has won the bid for a site in Shanghai’s Jing An business district, to develop a 54-story mixed-use project on a 193,034-square-foot parcel.
Forest City Makes $214M in Dispositions
As part of its ongoing effort to focus on core properties in central markets, Forest City Enterprises has completed the sale of two properties for $214 million.
PREI Joins Dominion Realty to Develop $54M Charter Square Office Tower in Downtown Raleigh
Prudential Real Estate Investors (PREI) has entered a $54 million joint venture with Dominion Realty Partners to develop the first phase of the Charter Square speculative office project in Raleigh.
City Wraps up Sentinel Peak Improvements, Kicks off Tucson Birthday Month
Sentinel Peak Park, Tucson’s largest natural resource park, has undergone a series of important renovations and is now open to the public.
Jean Cocteau Cinema in Santa Fe Announces Grand Re-Opening
August 9, 2013 will put an end to seven years of darkness for the much appreciated Jean Cocteau Cinema in Santa Fe. Renowned George R. R. Martin, “in a fit of madness”, purchased the building in April of this year, having in mind the glorious years when the cinema was home to independent and foreign films, claiming for (another) seven years in a row the Best of Santa Fe award.
Brookfield Multiplex Nabs Green M-F Contract in Melbourne
Leading global contractor Brookfield Multiplex has taken yet another tasty bite out of the Australian real estate development market, snagging the construction contract for Phase III of Far East Consortium’s Upper West Side mixed-use project.