News
Economy Watch: Memorial Day Weekend Travel Bottoms; Durable Goods Orders Peak
Less people traveled this Memorial Day weekend, an 8 percent drop in air travel compared to last year. And new orders for manufactured durable goods in April saw a monthly increase of 3.3 percent.
First Phase of Ward Village to Bring More Than 900 Condominiums Downtown
The Howard Hughes Corp. has announced plans to develop three condominium high-rises in Honolulu’s Kakaako neighborhood, as part of the Ward Village master plan.
Forest City, AIG Team Up to Build Apartments in Uptown Dallas
Forest City Enterprises, Inc., a leading owner, operator, and developer of distinctive real estate projects in select core markets, entered a strategic capital partnership with New York-based AIG Global Real Estate for the development of a 381-unit apartment project in the West Village area of Dallas’ thriving Uptown neighborhood.
First Potomac to Sell Industrial Properties for $259M as Part of Strategic Plan
First Potomac Realty Trust announced on Monday, May 20, it has entered into two separate contracts to sell a portfolio of 24 industrial properties for a total of $259 million.
Vulcan Real Estate Taking Denny Triangle by Storm with The Martin
By Alex Girda, Associate Editor
In a press release recently issued by Vulcan Real Estate, the company announced that it has broken ground on a massive residential development. Dubbed The Martin, the 24-story luxury apartment tower will be located in the Denny Triangle area, a part of the city that is the site for Amazon.com’s giant […]
Retail World Sees Ups and Downs as Target and Best Buy Have Different Agendas in the Bay Area
Two Bay Area Best Buy locations are about to close after the company announced plans to close 42 locations around the country.
Government, Nonprofits Rush to Moore’s Aid Following Tornado
After a strong tornado ravaged through Moore and south Oklahoma City, killing at least 51 people and leaving the rescue workers searching desperately throughout the night for missing children at the destroyed Plaza Towers Elementary School, a series of non-profit and governmental organizations have announced their support for the devastated area.
DPR’s Phoenix Office Wins Landmark Certifications; IIT Pays $77M for Mesa Complex
In a milestone for sustainability and adaptive reuse, an office building developed by DPR Construction has earned recognition as the largest net-zero energy building certified to date by the International Future Living Institute.
Vetter Denk Details Planned Appleton M-F Complex; HSA Commercial Buys Brookfield Retail Center
Vetter Denk Architects Inc. of Milwaukee has recently unveiled plans to develop 180 apartments in Appleton. Plans call for five three-story buildings across an 8.3-acre site located on the city’s riverfront, the Appleton Post Crescent reports.
Reinsurance Group of America Breaks Ground on new 405,000-Square-Foot HQ Complex
Reinsurance Group of America, Incorporated recently held a groundbreaking ceremony for its new global headquarters in Chesterfield. The new 405,000-square-foot complex will include two five story office towers, each of equal size. The two buildings will be linked by a two-story atrium lobby.