News
Tucson’s Modern Streetcar Nearing Completion
The City of Tucson is s wrapping up construction on the Sun Link Streetcar, its largest construction project to-date. 98% of the underground utility upgrades and relocations are complete and 95% of the project has rail installed, according to the latest official updates.
Albuquerque’s Convention Center Completes Phase I of $20M Renovation
The 40 year old convention center in Albuquerque is half way through its $20 million restoration. According to Albuquerque Business First, last Tuesday the city hosted an event to mark the finalization of Phase I of the redevelopment.
Live Chat with NAR’s George Ratiu
Join us on Thursday, July 25 at 2 p.m. (EST) for CPE‘s live Twitter chat with well-noted National Association of Realtors economist George Ratiu as he discusses the latest economic trends, its effects on the real estate industry and his predictions for the coming months and years. Manager of Quantitative & Commercial Research at NAR, George writes economic columns and conducts research on the subjects of commercial real estate, international investments, mortgage performance and foreclosures. He produces NAR’s Commercial Real Estate Outlook and manages quantitative surveys, including the Commercial Real Estate Quarterly Market Survey. Be sure to log on! Find…
C&W Wins WTC Site-Wide Property Management Contract
Cushman & Wakefield just landed one of the most coveted real estate assignments in Manhattan, if not the entire country. The commercial real estate services firm has been selected by the Port Authority of New York and New Jersey to serve as site-wide property manager for the new World Trade Center site under a seven-year contract.
Shorenstein JV to Build 2 Office Properties in Austin
Construction has begun on one of two new office buildings at The Domain, a 304-acre mixed-use community in northwest Austin being developed in a joint venture between Shorenstein Properties, Deutsche Asset & Wealth Management and Endeavor Real Estate Group.
ARC NYRR Grabs Manhattan Office Condo for $91M
American Realty Capital New York Recovery REIT has made another purchase this month, this time a three-story office condominium located at 50 Varick St. in the Tribeca neighborhood of Manhattan for $91 million.
Economy Watch: Mortgage Rates Spike; Job Openings Flat; Small Biz Less Cheerful
Rates for 30-year fixed mortgages were up this week at 4.41 percent, compared to 4.17 percent last Tuesday. There were 3.8 million job openings on the last business day of May, little changed from April. And small business optimism, which has been rising lately, took a dip in June.
Big Red Liquors Plans New 33,000-Sq.-Ft. HQ in Indianapolis
Bloomington-based Big Red Liquors is planning to turn a vacant 33,000-square-foot building on the south side of Indianapolis into the company’s new headquarters.
The City of St. Louis Launches Energy-Efficiency Financing Program
If you are a property owner in the city of St. Louis or plan on becoming one in the near future, you should be happy to hear that The City of St. Louis recently launched an innovative program: Set the PACE St. Louis.
Koontz McCombs Announces CityVista Development in San Antonio
CityVista, a new Class A community of 141 units will break ground in July on one of the last lots available in the magnificent 281/Hildebrand Area, Koontz McCombs announced in a release. The estimated cost for the project is $20 million and the completion date is set for December 2014.
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