News
Miami Beach, Aimco Open New Baywalk Section to Public
As part of Miami Beach City’s efforts of creating a public promenade, a new section of the Baywalk—along the Western waterfront from 5th Street to Lincoln Road—is now open to the public.
New Office Tower to Break Ground in Downtown Austin
A 29-story office building will break ground on June 4. The project belongs to Cousins Properties Incorporated, a major player on the Austin real estate market for over 20 years that placed important buildings on the Austin skyline: the Palisades West, the Frost Bank Tower, and the latest purchase, the 816 Congress.
DDR Opens 900,000-Sq.-Ft. Belgate Shopping Center
Beachwood, Ohio-based DDR Corp., an owner and manager of value-oriented shopping centers announced the opening of Belgate Shopping Center near I-85 in Charlotte, NC.
MAA Buys 260-Unit M-F Property in Virginia
Apartment REIT MAA has increased its presence in Fredericksburg, Va., with the purchase of the Haven at Cosner’s Corner, an upscale, 260-unit multi-family community located roughly 50 miles south of Washington, D.C.
Miami Beach Convention Center Competitors Line Up Their Pros, Cons
In the latest round of the high-stakes competition to masterplan and redevelop the 52-acre Miami Beach Convention Center, the South Beach ACE team yesterday laid out the key points of both proposals and contended not only that its plan is better but that the Portman-CMC plan is shifting to resemble its own.
Forest City Prez & CEO LaRue Elected ICSC Chairman
David LaRue, Forest City Enterprises’ president & CEO, has been tapped as the new chairman of the International Council of Shopping Centers for the 2013-2014 term.
Economy Watch: Existing Home Sales Up; FOMC Mulls QE3 Wind Down; Bernanke Takes Congress to Task over Austerity
Existing home sales were up 0.6 percent in April. The Federal Open Market Committee of the Federal Reserve gnawed on the subject of exit strategy from the central bank’s fiscal stimulation popularly known as QE3. And Fed chairman Ben Bernanke was before the Congress’ Joint Economic Committee, scolding the federal legislative branch for its frugal reaction to the recession and its aftermath.
Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project
The East Providence Waterfront Commission has unanimously approved a 407-unit, $75 million residential community planned for Kettle Point, the East Providence Patch reports. Before construction can start, three state agencies including the transportation, environmental management, and the Coastal Resources Management Council are scheduled to review the project.
Yardi Launches Online Affordable Housing Application Tool
Yardi Systems Inc. continues to bring software innovation to the multi-family sector with the introduction of HOUSINGCafé, a Web-based tool designed to ease the application process in the affordable housing industry for both management and prospective residents.
Twitter Chat with Randy (Randolph T.) Mason
Join us for a live Twitter chat with Commercial Realty Specialists Partner Randy Mason on June 20, 2013 @ 2 p.m. (EST). Wondering how much power the tenant has today and how it’s impacting negotiations and tenant improvements? Questions about the benefits of subleasing? Are whole-building occupants better off leasing or buying? Randy (Randoplh T.) Mason will be chatting on Twitter with CPE editors and welcoming your questions. The CCIM- and SIOR-affiliated partner at Commercial Realty Specialists, with more than 22 years of real estate brokerage experience, specializes in leasing and sales of office and industrial properties throughout Orange County, and represents a variety…
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