News
European Hotels Get $200M Facelift Continent-Wide
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, as a result of a continent-wide operation worth $200 million.
Multi-Family and the GSEs
The Mortgage Bankers Association task force on the future of multi-family and the government-sponsored enterprises presents its findings in a new white paper.
Jordan’s Highest Residential Tower Tops Out
Jordan’s future tallest residential tower is well on its way to completion, with developer DAMAC Properties announcing the topping out of the 36-story The Heights.
Ground Broken on 281-Unit Luxury Apartment Community
Wood Partners recently announced that it has broken ground on a new 281-unit luxury apartment community in the Union Station neighborhood of Denver. Located at 1801 Chestnut St., the five-story Alta City House will be constructed west of Denver’s iconic train station at 17th and Wynkoop streets.
Candlebrook, Angelo Gordon Buy Suburban Philly M-F Asset for $83M
Candlebrook Properties and Angelo, Gordon & Co. have snapped up Echelon Glen, an 884-unit apartment complex in Voorhees, N.J., roughly 15 miles outside of Philadelphia.
Clarion Nabs 272 KSF Office Building in Houston
Clarion Partners has acquired Westchase Park, a six-story, 272,00-square-foot Class A office building in Houston’s Westchase submarket.
Chambers Street Properties Buys 801 KSF Warehouse in Greater Baltimore
Chambers Street Properties continues building up its industrial portfolio with the acquisition of an 801-square-foot Class A warehouse/distribution facility in a Baltimore suburb.
Economy Watch: ADP Says Sandy Put Dint in Hiring; Non-Manufacturing Sectors Grew; U.S. to Ramp up Energy Production
According to ADP, Superstorm Sandy put a dent in job creation. Economic activity in the non-manufacturing sector, on the other hand, grew in November for the 35th consecutive month. And domestic energy production is predicted to continue to rise.
JLL, P&G Reveal Five Rules of Successful Business Relationships
By Anna Spiewak, News Editor: Jones Lang LaSalle Inc. and client Procter & Gamble know the secrets to their partnership’s success and they’re not afraid to share them.
Philly Developer Could Expand Ritz Five Movie Theatre, Add Apartments on Top
A Philadelphia developer is in the preliminary stages of a redevelopment project at the Ritz Five movie theatre located at 214 Walnut St. in the Society Hill neighborhood.