News
Hilton Worldwide to Open First Dual-Branded Property in France
Hilton Worldwide plans to develop its first dual-branded property in France. Located near Disneyland Paris in Val d’Europe, the dual-branded Hilton Garden Inn and Hampton by Hilton Val d’Europe will also be the first development of its kind in Europe.
CBRE Arranges $212M Financing for Clarion DC-Area Office Campus
CBRE Capital Markets has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1 million-square-foot Class A office campus in Alexandria, Va.
Economy Watch: Employment Index Slips; Vegas Residential Market Slowly Recovering; Italian Politics Unnerves Eurozone
The Employment Trends Index decreased slightly in November. The Vegas residential market, which was hit hardest during the housing crash, is slowly recovering. And Italy’s current political uncertainty is shaking up some things for the eurozone.
Alamo Colleges opens work training building at Port San Antonio
Alamo Colleges has opened a new Workforce Center of Excellence in South San Antonio, through an agreement with Port San Antonio. According to the agreement, Port San Antonio donated the building and almost 30 acres of land, next to the port’s East Kelly Railport to the Alamo Colleges, reported the San Antonio Express-News.
$60 M Mixed-Use Redevelopment Project Almost Completed
The nationwide trend of downtown apartment living has not eluded The Big Easy. New Orleans’ downtown population is currently around the 5,000 mark – double what it was five years ago.
Amazon.com-Occupied Office Tower Trades Hands, Expands in Denny Triangle
Amazon.com is the bona fide engine of Seattle’s office market. If evidence of that fact up until this point is still deemed unconvincing, just take a look at the recent Amazon-involved headlines. West 8th, the online giant’s new residence was recently purchased in a deal, which according to public records stood at around $278 million. The entity that acquired the office property is associated with AEW Capital Management, a Boston-based company that deals with institutional and private investment. Continue reading →
JV Seeks Approval to Restart Stalled Lovejoy Wharf Project
A development team including The Beal Cos. and The Related Cos. revealed plans to breathe new life into the long-stalled Lovejoy Wharf project along the Charlestown Bridge the northern edge of the historic Bullfinch Triangle.
Parkway Announces Shopping Spree, Eyes Atlanta’s Tower Place 200
Parkway Properties, Inc. will soon own three towers clustered together at Peachtree and Tower Place, as the company has announced entering into a purchase and sale agreement to buy the Tower Place 200 office building for $56 million. Continue reading →
FirstEnergy Unveils Plans to Build New $45M Facility in Akron
FirstEnergy Corp. (NYSE: FE), a diversified energy company headquartered in Akron, Ohio, has recently unveiled its plans to construct a new transmission control center at the company’s West Akron Complex.
Modus Hotels Buys Baltimore’s Brookshire Suites
Modus Hotels, a full service hotel development and management company from Washington, D.C., has purchased Baltimore’s Brookshire Suites last week. It is Modus’ first hotel in downtown Baltimore and its third hotel acquisition of 2012.The Brookshire Suites is located immediately adjacent to Baltimore’s famous Inner Harbor