News
Blackstone Provides Loan to Refi 59-Building Office Portfolio in Silicon Valley for $300M
The existing debt on a 59-building office/R&D portfolio totaling 2.4 million square feet in five Silicon Valley submarkets has been refinanced with a $300 million loan from Blackstone Mortgage Trust.
Economy Watch: Home Prices Still Rising; Consumer Confidence on a Roll; Mortgage Delinquencies Dip
Residential home prices were up by record amounts in April. The Conference Board’s Consumer Confidence Index spiked again in June for the third consecutive month. And mortgage delinquencies went down considerably in May.
Hunter Hotel Advisors Closes on Sale of Holiday Inn Express; Blue KC Announces First Live Blue Center in Zona Rosa
Hunter Hotel Advisors recently announced the firm closed on the sale of the 84-guestroom Holiday Inn Express & Suites Wichita Airport in Wichita, Kansas.
Apartment Property in the Bluff City Auctioned for $3.6M, Half of its Market Value
Several apartment transactions ran through the Greater Memphis Area multifamily market recently, though none have topped the $43.6 million sale price ringed in by the 500-unit Riverset recently
Ohio Investor Acquires Holly Springs Shopping Center for $11M
Aurora-based Optimus One LLC has recently purchased the SouthPark Village shopping center in Holly Springs. According to the Triangle Business Journal, SouthPark Village Investments I of Atlanta, which is led by Philip E. Stephens, sold the property for $11 million.
Starwood Signs Deal to Open 1,500 Guestrooms in Makkah
Starwood Hotels & Resorts Worldwide has entered into an agreement with Jabal Omar Development Co. that will result in the opening of three new hotel properties in the Holy City of Makkah, Saudi Arabia.
Hillsborough County Enters Race for 1M-Sq.-Ft. Amazon Facility
Amazon’s plan of expanding in Florida—and of adding 3,000 permanent jobs in the process—might bring an assembly and distribution center to Hillsborough County, center that could add up to 1,000 above-average paying jobs to the local market.
BOMA International Special Report: Experts Explore Link Between Stellar Service, Happy Employees
What do tenants want? Experts tackled that vital yet elusive question Monday morning at the Building Owners and Managers International’s national conference in San Diego.
University of Arizona, Developers Embark on 350-Acre Mixed Use in South Tucson
The trendlines continue to point to a steady, albeit slow, recovery of the real estate market in the Tucson region. Amidst a series of large-scale developments aimed at strengthening the area’s economy, The Bridges development in South Tucson is moving ahead as planned.
Slideshow: 2013 Distinguished Achievement Award Winners
The July 2013 issue of CPE featured the winners of the 2013 Distinguished Achievement Awards. This slideshow presents photos of the properties and spaces that won this year’s awards.