News
myCREOpoint Creates Site to Decrease Risk, Improve Performance for CRE Pros
A new site created by CREOpoint will offer an advanced customizable real time business intelligence hub exclusively for the global commercial real estate industry.
131-key Hotel Picked Up by CWI, Goes Under HRI Management
New York-based Carey Watermark Investors Incorporated (CWI) recently announced the acquisition of a five-property Hilton-branded hotel portfolio from Fairwood Capital, LLC-managed entities.
Loews Hotels & Resorts Breaks Ground on 400-Room Hotel
Loews Hotels & Resorts recently held a groundbreaking ceremony on the site where the company will open the Loews Chicago Hotel in 2015. Company officials, including Chairman Jonathan M. Tisch and President and CEO Paul Whetsell, were joined by Donald R. Wilson, Jr., founder and CEO of DRW Trading Group and Mayor of Chicago Rahm Emanuel at the ceremony.
Ending on a Flat Note
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Job Fulfillment
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Healthier Growth?
(commercial/multi-family mortgage bankers originations index; 2001 quarterly average = 100)
Former Solyndra Factory Given New Life as Seagate Unveils R&D Facility Plan
The old Solyndra site will be given a complete makeover as it morphs into a $180 million state-of-the-art R&D facility. Located on Kato Road, in Fremont, the 411,000-square foot complex was bought by Seagate earlier this year for a fee of $90 million, San Jose Mercury News writes. The rest of the $180 million-budget will be directed towards acquiring and installing the equipment that will turn the former factory into a Seagate facility that would create up to around 600 jobs in the field. According to Mercury News, Seagate shopped around the Bay Area and Silicon Valley looking at around 40 potential locations to house this new project.
