News
Yahoo’s New Home in Manhattan
Hot on the heels of the $1.1 billion acquisition of Tumblr, the fast-growing social blogging platform, Yahoo! announced that the company’s New York City-based offices will move in a central location in Manhattan.
$42M in Apartment Transaction for South Carolina
South Carolina’s apartment market saw two significant purchases recently. The acquisitions of The Reserve at Riverwalk in Columbia and Woodfield St. James in suburban Charleston, part of separate deals, totaled 464 units worth a combined $42.2 million in traded apartment assets, stirring up the South Carolina Class A multifamily market.
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Rosemont Village Embarks on New Redevelopment Project
Rosemont Village is planning another redevelopment project for this summer which will add to the existing 5,562 hotel rooms.
Whispering Hills Apartment Complex Attracts Dallas Investor
The San Antonio multifamily market is of growing interest for out-of-town buyers. The region’s bright economic outlook has attracted a growing number of investors in the past 12 months.
Bellevue Collection Set for Massive Expansion as Kemper Looks to Continue 65-Year Legacy
One of the largest development projects in the Seattle metro area was recently announced when local real estate company Kemper Development said that it has plans to expand its Bellevue Collection asset. The existing property is currently one of Bellevue’s focal points, including spots such as the Bellevue Square shopping mall, Bellevue Place with the Hyatt Regency and Lincoln Square, including a cinema, dining spots, and a Westin hotel.
Schorsch on Recent REIT Purchase: ‘CapLease Has Higher Leverage’
The Chairman & CEO of American Realty Capital Property chats with CPE about his company’s most recent REIT acquisition. Calling it a “transformative deal for both companies,” he announced Tuesday that ARCP plans to acquire CapLease Inc. for about $2.2 billion, including debt.
Economy Watch: Housing Prices Spike in Most Markets; Consumer Confidence Up
All three S&P/Case-Shiller Home Price composite indices showed double-digit annual increases for the three months ending in March. And the Consumer Confidence Index, which had improved in April, increased again in May, most likely on the strength of positive housing reports.
Planned Parenthood Constructs $4.2M Clinic; Engineers Selected for $615M Pump Station Build-out
Affordable healthcare is always needed, especially in areas with high poverty indexes, such as the Greater New Orleans Area. And that is exactly what is coming to New Orleans. Or rather, expanding.
New Hilton Garden Inn Coming to Akron’s East End Development
Akron will soon say hello to a new hotel. IRG Rubber City LLC and Summit Development Inc. have signed an agreement with Hilton Worldwide to bring a new Hilton Garden Inn to the city’s East End development.