News
Hilton Baton Rouge Capitol Center Changes Hands for $40 M
By Eliza Theiss, Associate Editor This week marks the closing of a major commercial real estate transaction for the Baton Rouge market and especially its hospitality industry. According to a story by the Greater Baton Rouge Business Report, Kevin Gallagher, senior vice president of Prism Hotels & Resorts, has announced Prism will be staying on […]
CorAmerica Invests $90M in Suburban LA Retail Property
CorAmerica has bought Nordhoff Plaza, a Class A community center in Northridge, Calif., for approximately $90 million.
IIT Buys Two Greater Baltimore Industrial Assets for $16.1M
By Adrian Maties, Associate Editor Industrial Income Trust continues its buying spree in the Greater Baltimore area. The Denver-based real estate investment trust paid $16.1 million for two fully leased industrial properties. The transactions occurred simultaneously in the first week of August. TA Realty Associates was the seller. The company was represented by CBRE’s Bo […]
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction
Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.
Historic Multifamily Property Becomes Dorm
The National Cotton Council of America’s building at 1918 North Pkwy. has received a new lease on life.
Economy Watch: ECB Ready to Buy Euro-Zone Debt; OECD Predicts Euro-Zone Recession; US Creates Few Jobs
The ECB plans to buy government debt, especially that of countries with the weakest large links in the euro zone. The OECD said that the global economy is slowing due to key European countries entering recession. The U.S. economy, on the other hand, created fewer jobs than expected in the month of August.
Developers Detail Plans for $1.5B ‘Health Village’
By Alex Girda, Associate Editor Developers of one of the Las Vegas region’s best-kept secrets, the proposed $1.5 billion Union Village complex, submitted an outline to city officials this week that provides details about the development and its concept of “integrated health village.” As reported by the Las Vegas Sun, the development is awaiting approvals […]
OSU Signs Off on $396M Plan for North Campus
The Ohio State University Board of Trustees has approved a $396 million plan to transform the North Residential District into a unique neighborhood where students will live and learn, according to The Columbus Dispatch.
Realty Income to Acquire American Realty Capital Trust in $3B Transaction
Realty Corp has bought American Realty Income REIT. Under the terms of the deal, the seller would acquire all of the outstanding shares of ARCT for about $3 billion.