News
Detroit Developer to Repurpose Shipping Containers into Energy Efficient Condominiums
Three Squared Inc., a local real estate developer specializing in cargo-based construction, will soon break ground on one of the most innovative multifamily projects in Detroit: a four-story condominium complex built entirely from empty shipping containers.
Grand Opening for Groveton Green, the First and Only LEED Gold Apartment Community in Owings Mills
Groveton Green Apartments held a grand opening ceremony on November 15 in Owings Mills. Baltimore County Executive Kevin Kamenetz, Councilwoman Vicki Almond, Councilman Ken Oliver and Reisterstown-Owings Mills-Glyndon Chamber of Commerce Executive Director Brian Ditto were among those present at the ribbon cutting ceremony.
75-Unit Adaptive Reuse Loft Building Opens North of Boston
Boston-based WinnDevelopment recently inaugurated a 75-unit apartment community constructed from two vacant buildings that used to be part of the former Malden Mills factory in Lawrence, MA.
ADT Moves to Camp Creek Business Center; Brennan Investment Group Buys Ball Ground Industrial Facility
ADT Security Services—a provider of electronic security and monitoring systems—will soon move into Duke Realty’s 17-building Camp Creek Business Center located in the Atlanta Airport submarket. ADT recently signed a lease for 58,080 square feet that it plans on occupying in the first quarter of 2013.
December Investment Volume Could Be Tame–Or Not
With Black Friday still visible in the rearview mirror and Cyber Monday upon us, the holiday shopping season is officially underway, but it remains to be seen if the buying frenzy will extend to the commercial real estate market.
Black Friday Spending Soars Due to Early Store Openings, Mobile Device Shopping
This year, several major retailers across the United States started the holiday shopping season several hours ahead of the traditional Black Friday frenzy.
Indian Hospitality Market Set For A Boom: Two Brands Announce Massive Expansion Plans
India is set to see quite an increase in its hospitality industry after a number of properties were announced and a new venue just held its grand opening.
$100M Financing Deal in Place for Dallas’ 1 MSF M-U Shops at Park Lane
With the assistance of HFF, Northwood Investors L.L.C. has secured $100 million in financing for a segment of the 1 million-square-foot mixed-use development from ING Investment Management.
Economy Watch: Black Friday Sales, Housing Starts Rise; Unemployment Dips
U.S. shoppers made a record 247 million visits to physical stores and Web Sites over Black Friday weekend, up from 226 million last year. Private housing starts in October increased 3.6 percent above the revised September estimate. And according to the Bureau of Labor Statistics last week, 37 states and the District of Columbia recorded unemployment rate decreases.
Live Oak-Gottesman Continues Office Shopping Spree, Buys Network Crossing
Austin-based Live Oak-Gottesman has bought Network Crossing, a 143,831-square-foot office property spanning five buildings in Northwest San Antonio. The acquisition marks the sixth purchase for the company and this is not all. At the time of the sale, the property was 89 percent occupied, reported Citybizlist.com.