News
Windfall Group Plans New Commercial Building in Chicago’s Chinatown; New Restaurant Announced for Hard Rock Hotel Chicago
By Gabriel Circiog, Associate Editor Windfall Group USA is under contract to acquire one of the most coveted pieces of property in Chicago’s Chinatown and plans to build a 100,000-square-foot commercial building, Crain’s Cleveland Business reports. The Cleveland-based developer plans to construct the six-story commercial building on the southwest corner of Archer Street and Wentworth […]
Forestar Group Announces New Luxury Multifamily Development in Denver
By Gabriel Circiog, Associate Editor Forestar Group Inc. has partnered up with Guggenheim Real Estate LLC to develop a luxury multifamily community in Denver. Located in the southeast business corridor of the metro area within the Denver Tech Center market, the project—called 360 deg—will feature 304 units. Designed by Denver-based JG Johnson Architects, 360 deg […]
JCI breaks Ground on 300-unit Buda Development
By Camelia Bulea, Associate Editor
Six months after JCI Residential made public its intention to build a $24 million multifamily complex in Buda, the Austin-based developer announced the groundbreaking of the new project. The 300-unit complex, called Silverado Crossing, is being […]
Maturing 2007 Loans Drive CMBS Delinquency to Record 10.16%, According to Trepp
Only 28 percent of the loans originated in 2007 that were due to mature in 2012 have managed to pay off in full, according to Trepp.
Broccolini Plans to Build Tallest Residential High Rise in Downtown Montreal
In addition to the 350-unit mixed-use L’Avenue, there are 10 other new large-scale residential projects being planned for Montreal, according to city officials.
Economy Watch: IMF Warns U.S. About Fiscal Cliff; REO Pilot Bidders Chosen; Office Vacancies Remain at 17.2% in 2Q
The International Monetary Fund said in a statement that the U.S. economic recovery “remains tepid and subject to elevated downside risks.”
Wheelock Receives $525M in Commitments for First Fund
The private real estate investment firm says it expects to use the money on a wide range of real estate investments throughout the U.S., from single assets such as hotels to large land deals.
Slideshow: 2012 Distinguished Achievement Award Winners
View a slideshow presenting the properties and spaces that won this year’s CPE Distinguished Achievement Awards.
EverBank Financial to Buy GE’s Business Property Lending Unit for $2.51B
No debt will be assumed as part of the transaction, which includes approximately $2.44 billion of commercial loans, the origination and servicing platforms, 108 employees, and servicing rights on $3.1 billion of loans securitized by GE Capital. The transaction is expected to close in the fourth quarter.
PwC US: Office Sector Making a Comeback
According to PwC US’s second quarter Real Estate Investor Survey, the office sector is well on the road to recovery and rising higher on the investment radar.