News
GAF Acquires 535 KSF Manufacturing Facility in Cedar City, Utah
GAF, the nation’s largest producer of roofing materials, has bought a 534,598-square-foot manufacturing facility on 78 acres in Cedar City, Utah, from CC Utah Enterprises.
Economy Watch: Homebuilder Confidence, Remodeling Activity Down; Sequester Dead Ahead
Homebuilding confidence saw a downward blip in January. Residential remodeling also experienced a downtick in December. And President Obama is urging Congress to act on the $85 billion sequester after returning from recess Feb. 25.
Microsoft Strengthens Retail and Office Presence in Westside Tech Submarket
By Alex Girda, Associate Editor As Microsoft continues its steady expansion into the retail world, the company is also gaining a stronger footing in major tech hubs. With upcoming real estate deals the Redmond, WA-based tech giant has lined up, … Continue reading →
Hotel Durant Acquired by Gemstone Hotels & Resorts in $27M Deal
The 144-key hotel is located 2600 Durant Dr., in the immediate proximity of the University of California Berkeley campus. The boutique hotel offers a great location, within walking distance of Cal Bears Stadium and the Lawrence Hall of Science. The in-room amenities include high thread-count linens, hypo-allergenic pillows, ceiling fans and black-out shades, iPod docking stations, organic robes and laptop safes. Additionally, graduate floor rooms benefit from a concierge-style service with daily complimentary breakfast servings and wine hour events.
Economy Watch Weekly: Americans Barely Bought More in January, Sequestration on Horizon (Again)
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 15.
Tishman, China Vanke to Build 655-Unit San Francisco Condo Tower
A new two-tower condominium property will soon sprout up in San Francisco, now that Tishman Speyer and China Vanke Co., Ltd. have joined forces to build a 655-unit residential community at 201 Folsom St.
Big Boxes Changing Warehouse Industrial Market
A new report by Jones Lang LaSalle shows that consumer delivery demands are reshaping the big box warehouse market, those exceeding 250,000 square feet.
Looking to Downsize, National Trust to Sell DC HQ to AEI
The American Enterprise Institute and the National Trust for Historic Preservation have completed a purchase and sale agreement for the latter’s long-time headquarters building at 1785 Massachusetts Ave. NW., in Washington, D.C.’s Dupont Circle neighborhood.
Economy Watch: Bad News, Good News from Eurozone; Prices on Foreclosed Homes Down
The eurozone GDP dropped during 4Q12. On a positive note, Cyprus’ potential new president is in favor of finalizing the rescue package and keeping the country in the euro zone. And foreclosure prices have bottomed out in recent months and the U.S. residential foreclosures have stabilized while underlying home values are rising.
Pierce Education, Core Properties Buy 1,692-Bed Student Housing Complex in NC
In a joint venture, Pierce Education Properties and Core Properties have just enhanced their portfolio with the addition of North Campus Crossing, a premier off-campus housing community near Eastern Carolina University in Greenville, N.C.