News
Landwell, D.R. Horton Launch Residential Projects
The company would build around 1,400 residential units, part of the initial phase of the project, occupying 320 acres of land in the vicinity of the ambitious Union Village health care-focused project. Entering development under the name of Cadence, the community will feature a neighborhood park, a retail complex as well as some office space, according to Landwell company officials.
Economy Watch Weekly: More Good News for Housing, Sequester Dead Ahead
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 22.
CBRE Gets $1B in Financing for M-F Greystar, Goldman Portfolio Buy
How do you get your hands on a billion dollars? Greystar Real Estate Partners and Goldman, Sachs & Co. kicked off 2013 with the announcement of plans to snap up an 8,010-unit multi-family portfolio from Equity Residential for $1.5 billion, and now news emerges that CBRE Capital Markets’ Debt & Equity Finance group has helped the joint venture partners cull more than $1 billion to finance the acquisition.
Brickman, DivcoWest Acquire Three Manhattan Office Buildings
San Francisco-based real estate firm DivcoWest has partnered with a private equity firm headed by New York real-estate investor Bruce Brickman to acquire three office buildings in Midtown South from Einstein College at Yeshiva University.
Henry S. Miller’s Vance Miller Dies
Vance Miller, CEO of Henry S. Miller Brokerage, died Feb. 23 of cardiac arrest.
LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK
LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.
Economy Watch: LPS: Home Prices Edge Up in December; Chicago Fed Says Economic Activity Dips; Italian Elections Generate Uncertainty for Eurozone
U.S. home prices were up 0.1 percent in December compared with November, and up 5.8 percent year over year. The Federal Reserve of Chicago said its National Activity Index decreased to –0.32 in January from +0.25 in December. And Italy held parliamentary elections over the weekend, and the result was inconclusive for the eurozone.
146-Room Boutique Hotel Planned for Pearl
The Pearl development will have a new boutique hotel next year, as Kimpton Hotels & Restaurants was selected to operate a 146-room project on the former brewery site. The boutique hotel will include two new restaurants, a roof-top pool, venue space facing the San Antonio River and a cocktail bar.
Seattle’s New Skyscraper to Get SLS-Branded Boutique Hotel
The SLS Hotel Seattle will occupy floors 2 through 15, and offer guests 184 rooms to choose from, all designed with its signature boutique-style in mind. Located at 5th and Columbia in the city’s downtown, the new skyscraper will begin construction during this year’s Q4 with a 2016 completion date in its sights. The hotel’s guest amenities will include 20,000 square feet of meeting space, a spa, fitness facilities, and 30,000 square feet of food and beverage outlets.
University Hospitals to Start Two New Construction Projects in Cleveland Area
University Hospitals is busy at work in the greater Cleveland area. It plans to bring a medical office building and a full service outpatient center to Euclid and Solon respectively.
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