News
MIPIM Special Report: $460M Beirut Terraces Possible First Lebanese Global Award Winner
With MIPIM 2013 just around the corner, nominees of the nine categories of the MIPIM Awards are abuzz with anticipation.
Piedmont Acquires 334 KSF Office Building for $176M
Piedmont Office Realty Trust boosted its Washington, D.C., area portfolio this week by acquiring Arlington Gateway, a 12-story, Class A office property and one of the top buildings in the Rosslyn-Ballston corridor, for $176 million.
Mountain Real Estate Capital Invests Over $100 Million in Oakwood Homes Partnership
Mountain Real Estate Capital, a Charlotte, N.C.-based residential real estate investment firm, recently announced it has entered into a strategic partnership with Colorado-based Oakwood Homes. Continue reading →
Economy Watch: Home Prices Balloon in January; Non-Manufacturing Sector Still Expanding; A New High for Wall St.
Home prices nationwide, including distressed sales, increased year over year by 9.7 percent in January 2013, which is the biggest increase since April 2006. Economic activity in the U.S. non-manufacturing sector grew in February for the 38th consecutive month. And the Dow Jones Industrial Average spiked up on Tuesday, ending the day at an all-time high.
Developers Selected to Build $22.9M Office Facility at IUPUI Campus
In a public-private development deal, REI Real Estate Services and its partner, Vermillion Enterprises LLC of Chicago, have been selected to build a 100,000-square-foot office facility on the IUPUI campus. According to the Indianapolis Business Journal, the proposed five-story building would house the university’s School of Philanthropy, as well as the offices of Chancellor Charles R. Bantz.
The IU Trustees have received a total of 18 development proposals for the $22.9 million project. Pending a final approval from the Commission for Higher Education and the State Budget Committee, construction could begin this summer and be complete next year.
Economy Watch Weekly: Sequester Arrives; Home Prices Rise
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 1.
Amstar, Huntington Buy 500K SF Industrial Portfolio in Memphis; Bull Realty Arranges Sale of $16M Medical Office Building
Denver-based real estate investment manager Amstar and Huntington Industrial Partner, a fully integrated industrial owner and operator have announced the purchase of over 500,000 square feet of industrial space in Memphis, TN.
Starwood Moves Global HQ to Dubai for One-Month Immersion
As of Sunday, about 10 top executives of Starwood Hotels and Resorts Worldwide, including president & CEO Frits van Paasschen, began a month-long relocation of the company’s global headquarters from Stamford, Conn., to Dubai.
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