News
Economy Watch: Homebuilders Feeling Better; Residential Inventories, Mortgage Origination Down
The housing index increased this month. For-sale inventory, however, dropped, as did the number of residential real estate loans of all types.
Economy Watch Weekly: Fed’s Words Move Markets, for Now
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Sept. 14.
Bridge Sells 163 KSF Suburban Class A Chicago Office
Bridge Development Partners sold a suburban four-story office building in Chicago to Cole Real Estate Investments.
IPA, Rockefeller Group JV to Develop Apartments in Phoenix Suburbs
Investment Property Associates and The Rockefeller Group are developing a Class A apartment community in Gilbert, Ariz.
NYC’s Essex House Sells to Strategic Hotels for $362M
Strategic Hotels in a JV bought the famous Essex House Hotel in Manhattan’s Central Park South for a whopping $362 million.
Economy Watch: Manufacturing Sector, Economy Worsen; Home Prices Climb
The manufacturing sector is running out of steam as demand from other countries slows down.
The nation’s state of uncertainty has worsened the economy, increasing the unemployment rate since the start of the financial crisis four years ago.
Residential property values increased in the month of August.
JV Brings SkyHouse Apartments Concept to Orlando
Novare Group and Batson-Cook Development Company, the joint venture behind Atlanta’s SkyHouse Midtown Apartments, has now teamed up with Palmetto Realty Advisors in order to bring the SkyHouse concept to Orlando.
Leasing Activity Heats Up at 55 Allen Plaza
Less than a week after an official announcement that Cushman & Wakefield is joining Lincoln Property Co. Southeast in leasing the 55 Allen Plaza tower, the Class A office building landed two new leases.
City Planning Commission Approves Hyatt Regency Century Plaza Hotel Redevelopment
By Alex Girda, Associate Editor The efforts of area homeowners, conservation groups and local officials who have championed the Hyatt Regency Century Plaza Hotel’s redevelopment plan have been rewarded. The Los Angeles City Planning Commission recently approved developer Next Century Associates’ comprehensive proposal to turn the hotel they own into a new focal point for […]
Belcamp’s Riverside Distribution Center Sells for $31.1M; Baltimore County Industrial Building Secures $12.5M Bridge Loan
By Adrian Maties, Associate Editor Cassidy Turley recently announced the sale of a 599,109-square-foot industrial property in Belcamp, MD. Pennsylvania-based Exeter Property Group acquired the portfolio from Boston-based TA Associates for $31.1 million. The seller was represented by Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group. The Riverside Distribution Center is comprised […]
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