News
Hilton Buys 300 Timeshares at Trump International Hotel
By Alex Girda, Associate Editor The Trump Organization has sold a big chunk of the Trump International Hotel Las Vegas’ available timeshare units to Hilton Worldwide. According to VegasINC magazine, Trump has unloaded approximately 300 of its condominium units, which will enter Hilton’s timeshare circuit under the Hilton Grand Vacations brand. Hilton will start using […]
Economy Watch: German High Court OKs Euro-Zone Bailout; Underwater Mortgages Dip
Germany’s supreme constitutional court gave the green light for the country to participate in the proposed European bailout of countries that need it most. On the national end, the percentage of underwater mortgages dropped in the second quarter.
SpringHill Suites by Marriott Opens in Latrobe
By Adriana Pop, Associate Editor Golfing legend Arnold Palmer and hospitality industry icon Bill Marriott have celebrated the opening of the SpringHill Suites Pittsburgh Latrobe hotel in Palmer’s hometown of Latrobe, PA. The 109-room, LEED-certified hotel is a joint venture between Palmer Hospitality, L.P., Concord Hospitality Enterprises and private investor Keith H. McGraw of Sewickley, […]
Aloft Nashville Music Row Unveiled
By Eliza Theiss, Associate Editor The Nashville hospitality market continues to run red-hot; it’s no surprise as the grand opening of the Music City Convention Center is just a little over six months away. And just 12 blocks from the convention center, Starwood Hotels & Resorts Worldwide, Inc. has unveiled the newest hotel to operate […]
Sheetz to Develop $32.8M Distribution and Manufacturing Center in Burlington
by Adriana Pop, Associate Editor Sheetz Inc. plans to establish a $32.8 million regional distribution and food manufacturing center in Burlington and create up to 254 jobs over the next six years. The Pennsylvania-based gas station and convenience store chain recently announced its decision through Gov. Bev Perdue’s office. The approximately 250,000 square foot facility […]
Nordstrom to Move into Simon Property’s St. Johns Town Center
A 124,000-square-foot, two-level Nordstrom full-line store is heading for St. Johns Town Center in fall 2014, company officials announced.
Pulte Homes buys 86 developed lots in Stormcloud
Pulte Homes is planning to expand its presence on the Westside of Albuquerque with the purchase of 86 developed lots in Stormcloud. The developer has begun marketing these communities. According to the developer’s website, Pulte recently opened The Boulders and Mesa del Sol communities in Albuquerque, in addition to featuring new homes at Volterra.
JLL Wins Strategic Services Assignment from Education Management Corp.
Jones Lang LaSalle has been tapped by Education Management Corp. to supply strategic real estate services for the education provider’s corporate real estate portfolio.
Hines Global REIT Acquires Gap’s San Francisco Headquarters for $180 Million
By Alex Girda, Associate Editor International real estate giant Hines recently announced the purchase of one of the city’s best known office properties. The company’s subsidiary, Hines Global REIT, has completed the acquisition of 550 Terry Francois, the building that is currently fully under contract with Gap Inc. The real estate investment trust paid $180 […]
Palmetto Health to Further Expand at Parkridge Site
The Columbia City Planning Commission has approved Palmetto Health’s newest expansion plans.