News
CREW Special Report: Excellence Awards Presented to ‘Incredible’ Women in CRE
The Commercial Real Estate Women Network awarded its Impact and Circle of Excellence awards yesterday evening during the 2012 CREW Network Convention and Marketplace held in Chicago.
Economy Watch: Chicago Fed Index, Pending Home Sales Up in September; Initial Unemployment Claims Down
The Chicago Fed reported on Thursday that its National Activity Index increased to 0.00 in September from minus 1.17 during August. Pending Home Sales have risen month-to-month. Initial unemployment claims swung down.
1.2 MSF Suburban Boston Industrial Portfolio Picked Up for $90M
Exeter Realty Capital has just added 1.2 million square feet of Class A industrial space to its holdings.
Gallatin Park Apartments Affordable Housing Community Opens
Miller-Valentine Group has officially opened Gallatin Park Apartments, a 48-unit affordable housing community in Gallatin, TN, a suburb of Nashville, TN.
Pittsburgh Neighborhood Developments to Receive Federal Funding
Two neighborhood development projects in Pittsburgh will receive $1.6 million in federal grants from the Office of Community Services, an agency of the U. S. Department of Health and Human Services. The funding was announced by the administration of Mayor Luke Ravenstahl. East Liberty Development Inc. has been awarded approximately $800,000 for the transformation of a historic East Liberty building into the city’s first boutique hotel. The five-story, former YMCA building has been vacant for 10 years. Plans call for 63 guest rooms, a restaurant, exercise facilities, coffee bar, specialty retail, and event and programming spaces.
Philadelphia Navy Yard Adds New Marriott Signature Hotel
Last week development company Ensemble Hotel Partners, LLC celebrated the groundbreaking of its first Navy Yard Corporate Center project: a new Courtyard by Marriott hotel located at the corner of Rouse Boulevard and Intrepid Avenue.
Trump Launches International Realty Firm in NYC
The Donald’s announcement about the President of the United States was not the only piece of news the real estate tycoon and media master shelled out yesterday.
New Mental Health Center Opens at Former Saratoga Hospital; Developer to Use Shipping Containers for Eastern Market Hotel
Behavioral Centers of America (BCA), a mental health chain based in Nashville, has selected a formerly bankrupt Detroit hospital for a multi-million dollar master campus investment that would balance out the need for mental health services in Metro Detroit and Michigan. The newly renovated StoneCrest Center is the only acute mental health hospital in the city of Detroit.
Hines, Boston Properties, Kilroy to Build Two Office Towers Near San Francisco’s Transit Center Project
Hines has formed a JV with Boston Properties for the development of a 1.4 million-square-foot high-rise and Kilroy Realty Corp. just announced that it will build a 400,000-square-foot tower.
Inland’s Newest Non-listed REIT Begins IPO
Non-listed Inland Real Estate Income Trust has begun selling $1.5 billion in common stock in connection with its initial public offering.