News
Construction Extended for $368M L’Auberge Casino Development
By Eliza Theiss, Associate Editor L’Auberge Baton Rouge, Pinnacle Entertainment Inc.’s $368 million casino and hotel project, has been granted a one-month extension on its construction deadline by the Baton Rouge Gaming Control Board, according to The Advocate. Initially, construction was expected to wrap up by the end of July. However, the project has lagged behind since its May […]
New Affordable Rental Units Available in Bedford-Stuyvesant
By Veronica Grecu, Associate Editor A new affordable housing complex was inaugurated last week in Brooklyn’s Bedford-Stuyvesant neighborhood during an official ceremony attended by representatives of the New York City Department of Housing Preservation and Development (HPD), development partners and residents. Created as part of Mayor Michael Bloomberg’s New Housing Marketplace Plan, which aims to […]
With 90 Percent of Units Sold, BrickellHouse Goes Vertical
July 18th marked the construction start for one of Downtown Miami/Brickell’s first luxury residential developments since the 2008-09 economic downturn—the 48-story BrickellHouse condominium development.
CBRE Selected for Huge Apartment Deal in Austin
By Camelia Bulea, Associate Editor
The sale of RIATA—an expansive apartment community in Northwest Austin—is to be one of the largest multifamily investment deals in the metro area when completed. CBRE Group Inc., represented by Charles Cirar, Ryan Reid, Michael Wardlaw […]
Eastland Mall May Get New Life
By Eliza Theiss, Associate Editor Eastland Mall, eastern Charlotte’s once-reigning shopping mall, could once again become a revenue-generating property. According to a report by the Charlotte Observer, officials have put the purchase of Eastland on the city’s immediate agenda with a reported $13.2 million price tag. If the city were to acquire the mall, it […]
Hudson Pacific Snags 125 KSF Tenant for Southern California Office Property
Hudson Pacific has staved off a potentially sizable gap in its tenant roster at City Plaza in Orange, Calif., courtesy of a new lease agreement with CashCall Inc.
Interstate JV Picks Up 295-Room Hotel Near Colonial Williamsburg
Interstate has been slowly building up its ownership portfolio, with joint venture partner Waramaug Hospitality L.L.C. at its side. Now the team has acquired the former Marriott Hotel Williamsburg. a 295-room lodging destination near the historic Colonial Williamsburg historic district in Williamsburg, Va.
Blackstone Buys 15 Retail Centers from Regency for $321M
Regency Centers Corp. has agreed to sell 15 shopping centers in seven states to an affiliate of Blackstone Real Estate Partners VII for $321 million.
Economy Watch: Existing Home Sales, Leading Economic Index Drop; Unemployment Rises
Existing home sales took a dip in June, while the Leading Economic Index declined 0.3 percent and unemployment spiked.
Cassidy Turley, JLL Secure Leasing Contracts Totaling 1.2MSF
Real estate companies and companies with real estate—they’re all doling out third-party real estate services contracts, big and small, and Cassidy Turley and Jones Lang LaSalle are among the latest services providers to secure office leasing assignments.