News
Studley Launches Shanghai Office, Its First in China
The New York City–based tenant-rep specialist stated that the Shanghai office is the first of several it will open across Asia in the near future.
Economy Watch: Freddie Mac in the Black; Las Vegas Home Sales Improve
The government-sponsored enterprise reported net income of $4.6 billion for the first quarter, compared to $4.5 billion for the fourth quarter of 2012.
New Philadelphia Family Court Building Celebrates Milestone; Old Building Becomes Hotel
Philadelphia City officials and representatives of the Tishman Construction Corporation gathered last week to attend a topping off ceremony for the new Family Court building that is under development at the northwest corner of 15th and Arch streets.
Al Jazeera to Open Detroit News Bureau, Expand US Presence
Al Jazeera, the Arab media channel headquartered in Qatar, will open a Detroit bureau as part of the organization’s plan to consolidate its operations in the U.S. and provide both international and domestic news for American audiences.
Duke Continues Retail Disposition Strategy, Selling Lifestyle Center for $188M
Duke Realty Corp. has sold a 391,120-square-foot lifestyle retail center in South Florida to an undisclosed buyer as it continues to reposition to mainly industrial holdings.
The Meridian Group Acquires SAIC Corporate Headquarters in Northern Virginia
The Meridian Group acquired Science Applications International Corp.’s landmark 18-acre corporate headquarters campus at Tysons Corner.
Manhattan M-F Portfolio Attracts $94.4M in Financing
A 12-property apartment portfolio in Manhattan has just been refinanced to the tune of $94.4 million, courtesy of Beech Street Capital L.L.C.
Economy Watch: Home Prices Continue Upward Trajectory; Jobs Openings Fall; Consumer Credit Rises
Home prices were up 10.5 percent, providing more evidence that the housing market is in recovery mode; jobs openings fell from 3.9 million to 3.8 million; and consumer credit saw an increase.
Tucson Medical Center Unveils $134M Orthopaedic and Surgical Tower
Tucson Medical Center (TMC), the leading provider of comprehensive healthcare services to greater Tucson and the Southern Arizona region, announced opening of its new state-of-the-art surgical and orthopaedic tower that has been in the works since 2009.
Economy Watch Weekly: Economy’s Growing Again, but Not Robustly
CPE’s economic analyst, Dees Stribling, gives his update for the week ending April 26.
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