News
Economy Watch: Home Prices Continue Upward Trajectory; U.S. Banks Faring Better
U.S. home prices were up 6.3 percent year-over-year in October. The U.S. banking business is in recovery mode. And Wall Street registered a small decline for the day.
ICSC Special Report: Executives Welcome Internet as Friend, Not Foe, to Brick & Mortar Retail
As hundreds of owners, retailers and brokers from around the country hustled to close deals on the final day of the International Council of Shopping Centers’ annual fall conference in New York City, retail real estate leaders were weighing in on the broader challenges and opportunities facing the industry.
Special Report: Finding a Framework for Future Global Cities
By 2030 it is likely that 60 percent of the world’s population will be living in an urban setting.
American Campus Closes on Student Housing Portfolio Purchase for $863M
American Campus Communities of Austin, Texas, has closed on its $863 million purchase of a 19-property, 12,049-bed student housing portfolio from affiliates of Kayne Anderson Capital Advisors, of Los Angeles and Armonk, N.Y.
SL Green Sells London Asset for $100M
SL Green Realty Corp and its partner Westcore Properties have sold their shares in the Jersey Property Unit Trust, which owns a long-term leasehold interest in Procession House, a Class A office building in London to a U.K.-based property company for $100 million.
Sulentic Becomes CBRE Group CEO
CBRE Group’s new president & CEO, Robert Sulentic, is officially on the job.
Economy Watch: Manufacturing Activity Takes Dip; Construction Spending Edges Up; Car Sales Spike
The purchasing manager’s index declined to the lowest level since July 2009. U.S. construction spending was up in October. Light vehicle sales were also up by 9 percent in November, compared to the previous month.
North Philadelphia Data Center Sells for $65 Million to Carter Validus
Tampa-based Carter Validus Mission Critical REIT, Inc. has purchased a data center located in the Byberry Industrial Park in the Greater North Philadelphia area.
Eleven North Fetches Record Sum; New Hotel Planned for Gulch Area
If we needed any more proof of how dynamic the Nashville multifamily market is, we just got it with the announcement of Eleven North’s record-setting sale price.
U-M to Add More Biotech Research Space at Ann Arbor Site
The University of Michigan (U-M) Board of Regents recently approved a $17.5 million expansion project that would add more research space to its North Campus Research Complex (NCRC) which is located at 2800 Plymouth Road in Ann Arbor.