News
Woodward Gardens Block Development to Utilize Clean Energy from Detroit Thermal
By Veronica Grecu, Associate Editor Detroit Thermal (DT), a key component of the city’s clean energy infrastructure, announced the addition of Woodward Gardens to its network of over 140 greater downtown area properties that utilize steam energy. Located on Woodward between Mack and Warren, Woodward Gardens Block Development is a four-phased, mixed-use project that aims […]
Universal Orlando to Add 1,800-Room Cabana Bay Beach Resort
Universal Parks & Resorts and Loews Hotels & Resorts plan to accommodate families looking for high-quality, high-value options at Universal Orlando by building a new 1,800-room hotel.
New Hyatt Place Opens in Vista-Carlsbad; NBTK Holdings LP Expands Office Portfolio
By Gabriel Circiog, Associate Editor Hyatt Hotels Corporation announced the opening of Hyatt Place San Diego/Vista-Carlsbad. The new 150-room hotel is the first Hyatt Place hotel in the Vista-Carlsbad area and the seventh hotel for Hyatt in the San Diego area. Located at 2645 South Melrose Drive, the hotel is targeting business as well as […]
Paramount/Colony Capital JV Buys Queens Trophy Tower For Estimated $475M
Fully leased to Citigroup, the 1.4 million-square-foot, 50-story One Court Square is the tallest building in New York City outside of Manhattan.
$37M and $24M Industrial Transactions in Memphis
The Memphis industrial market has been running hot with transactions over the past few weeks, with some major industrial market players coming to town and consolidating their presence in the Bluff City.
Highwoods Cleans House with $41M Sale of 500 KSF Nashville Office Portfolio
What Highwoods Properties Inc. views as non-core, another real estate company sees as a great opportunity. Continuing its asset repositioning program, Highwoods sold its 484,000-square-foot Highwoods Nashville Airport North Portfolio to The Lingerfelt Cos. in a $41 million transaction.
Prologis Completes Half-Billion in New Leases at Japan Projects
Prologis Inc. capped off a busy quarter in Japan with the closing of five new lease agreements totaling nearly 560,000 square feet at three projects in its development portfolio.
Economy Watch: Bernanke Downbeat, Unclear on Stimulus; CPI Flat, but HMI Up
The chairman of the Federal Reserve was on Capitol Hill on Tuesday, testifying as part of his “Semiannual Monetary Policy Report to the Congress,” and his assessment of the economy, at least for the short term, wasn’t particularly cheerful. Likewise, the Bureau of Labor Statistics reported that the Consumer Price Index was unchanged in June. But the National Association of Homebuilders’ Housing Market Index for July was up six points to 35.
Foreign Investors Sought for New Proposed Multi-Hotel Complex and Convention Center
By Gabriel Circiog, Associate Editor The Intercontinental Regional Center Trust of Chicago (IRCTC) and Chicago developer Anshoo Sethi are hoping to attract foreign investors via the EB-5 program for their proposed multi-hotel complex and convention center near O’Hare International Airport. The proposed development is projected to have a total economic impact of $2.6 billion over […]
Colliers Adds Birmingham Office
Colliers International continued its expansion with a new Southeast office in Birmingham, Ala. The 15th office added in two years, Colliers Birmingham, formerly Sandner Commercial Real Estate, represents “a significant growth opportunity” for Colliers in the Southeast.