News
CoreNet Global Special Report: Successful Real Estate Leaders are Able to Tolerate Unknowns
One of the defining qualities of a leader is the ability to be comfortable making decisions in the midst of uncertainty, according to leadership consultant Julie Benezet, founder and managing principal of Business Growth Consulting.
Local Developer Proposes New Plan for Mixed-Use Stanhope Center in Raleigh
Local developer Melton “Val” Valentine has submitted a new plan for the three-building mixed-use project along Hillsborough Street near N.C. State University in Raleigh.
According to the Triangle Business Journal, Valentine is proposing two five-story retail and residential buildings, as well as a 70-foot-tall parking deck. The new development will spread across a 12-acre site known as Stanhope Center, bringing a total of 154 apartments and more than 55,700 square feet of retail space. The Site Group LLC of Raleigh is designing the project, the newspaper reports.
Franklin Shopping Center Bought for $37.5M
Indianapolis-based real estate investment trust Kite Realty Group has announced the acquisition of Cool Springs Market in Franklin, Tennessee
Looking to Expand, MIG Real Estate Buys Hilton Garden Inn
MIG Real Estate has just closed on its fourth Florida hotel, adding the Hilton Garden Inn Tampa East/Brandon to its 11-property hotel portfolio.
Cairo Festival City Mall Wins Best Built & Future Retail Project in Middle East
At the Real Estate in the Middle East 2013 Award Ceremony, Cityscape Awards announced Cairo Festival City Mall as the winner of the Best Built & Future Retail Project award.
Redevelopment of Bronx Armory to Create World’s Largest Indoor Ice Sports Facility
The iconic — but long-vacant — Kingsbridge Armory in The Bronx will be redeveloped into the world’s largest indoor ice facility.
SRS, Cresa JV to Create New Lease Administration Co.
One year after announcing a strategic alliance, SRS Real Estate Partners and Cresa have gone a step further and formed SRS-Cresa Lease Administration, a new company that will offer lease administration services for office, industrial and retail clients.
Economy Watch: Wealthy Households Doing Well Post-Recession; Architectural Bills Up; Durable Goods Orders Shrink
The wealthiest 7 percent of American households experienced a 28 percent increase in their wealth during the post-panic years of 2009 to 2011. The Architecture Billings Index came in at 51.9 in March, a slip from February’s reading of 54.9, but still in positive territory. And durable-goods orders dropped 5.7 percent, mostly on the weakness of orders for airplanes.
2013 Real Estate Education Programs
Our annual look at the state of real estate education, a field that continues to grow and specialize with degrees tailored towards all aspects of commercial real estate.
Twitter Chat: Bob Bach on Today’s Outlook for CRE Leasing, Capital Markets
Bob Bach joined CPE for a live Twitter chat about the outlook for leasing and the capital markets. The transcript follows.