News
Highwoods Buys Trophy Buckhead Office Tower in $147M Deal
Following a $146.7 deal, Highwoods Properties is now the owner of Atlanta’s iconic Two Alliance Center office building.
Webinar Tomorrow: Investment Opportunities in Secondary and Tertiary Markets
It’s not too late to register for CPE and MHN’s free webinar on Oct. 3 that will provide a guide to identifying, finding and investing in commonly overlooked markets.
Industrial Leases Pick Up in Baltimore
As we’ve previously reported, the Baltimore Metro Area industrial market is seeing a lot of activity lately.
First Affordable Housing for Gay Seniors to Break Ground Next Month
By Veronica Grecu, Associate Editor A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. According to The Philadelphia Gay News, the $12 million low-income tax credits were purchased by Wells Fargo Bank, while the remaining $8 million is being […]
Detroit Housing Occupancy Level Tightens as Chrysler Opens New Office, Relocates Employees
By Veronica Grecu, Associate Editor More than one year has passed since the U.S. Department of Housing and Urban Development (HUD) removed Detroit from the “troubled designation list” due to improvements in the housing status and added it to the list of standard performing cities. Detroit’s revival plans have been focused around two major incentive […]
FelCor Sheds Nashville Hotel in Package Deal Worth $70M
By Eliza Theiss, Associate Editor FelCor Lodging Trust Incorporated recently announced entering an agreement to sell two hotel properties in the Southern US for a combined price of $70 million. The properties are the 296-key Embassy Suites Nashville—Airport and the 370-key Embassy Suites Hotel New Orleans—Convention Center. Located at 10 Century Blvd. Embassy Suites Nashville—Airport is […]
Opus Breaks Ground on 127 KSF Build-to-Suit in Omaha
Opus Development has started work on a new home for Gavilon Group in Nebraska, which will be a Class A building incorporating sustainability.
DAMAC Completes Abu Dhabi Mixed-Use Development
A leading Middle Eastern developer has completed its very first Abu Dhabi development, a mixed-use property called Marina Bay.
Chrysler Inks Lease for 110 KSF in Manhattan’s Auto Row
Chrysler has signed a lease for a new auto showroom and service space at 629 W. 54th St. in the Big Apple.
Economy Watch: Consumer Spending, Student Loans Up in August, Incomes Not So Much
While a rise in personal income has been slight to non-existent, personal spending rose a more significant amount, mostly due to price hikes. The number of borrowers who defaulted on federal education loans has also spiked, not boding well for the economy.