News
Supervisors Clear Way for Talks on Warriors’ Waterfront Plan
By Alex Girda, Associate Editor The city has taken a giant leap forward toward luring a new major-league sports franchise now that officials have approved negotiations with the National Basketball Association’s Golden State Warriors. The San Francisco Examiner reports that the city’s Board of Supervisors opted to eliminate the city’s competitive bidding requirement in the […]
D.R. Horton Unveils Communities; Hsieh Details Downtown Plans
By Alex Girda, Associate Editor D.R. Horton, one of the country’s largest homebuilders, recently unveiled two of its newly built residential communities in Las Vegas. The company’s local division recently organized a gathering to officially open their two neighborhoods in the southern part of the city. A development dubbed Silverleaf, located off Blue Diamond Road […]
Officials Seek Public Works Deal as Budget Deadline Looms
By Alex Girda, Associate Editor The debate over the 2012-13 Salt Lake City budget appears to be nearing a conclusion as Mayor Ralph Becker’s $204.3 million proposal comes under the City Council’s scrutiny. The mayor’s proposal falls just $1.5 million short of the council’s $205.8 million plan, with major differences primarily related to capital improvements, the […]
Brookfield Acquires Major London Office Portfolio for $829M
Brookfield Office Properties Inc. has made a major move into Central London as an office property owner with the purchase of interests in buildings totaling 884,000 square feet for $829 million (£518 million) from British property giant Hammerson, its first major foray into Europe.
SL Green Secures NYC’s 373 KSF Lease Renewal, Refinances Property for $230M
The city of New York has decided to stay put in in its 372,500-square-foot home at 100 Church St. in Manhattan, at the same time that building owner SL Green Realty Corp. refinanced the 1 million-square-foot property to the tune of $230 million.
Sunstone Hotel Investors to Purchase Hilton Garden Inn Chicago Downtown
By Gabriel Circiog, Associate Editor Sunstone Hotel Investors Inc. has entered into a purchase and sale agreement to acquire the Hilton Garden Inn Chicago Downtown/Magnificent Mile for a gross purchase price of $91.75 million. The 357-room hotel, located at 10 E. Grand Ave. in downtown Chicago, is expected to generate around $4.1 million of EBITDA […]
Connextions to Add 550 New Jobs to Colorado
By Gabriel Circiog, Associate Editor Connextions, a subsidiary of UnitedHealth Group’s Optum, has announced plans to create 550 new jobs in Centennial. The health care company will open a new solution center this month at 10730 E. Briarwood Ave. in WaterPark Center. The announcement was made at a news conference attended by Colorado Governor John […]
Economy Watch: Housing Starts, Job Openings Edge Down
U.S. housing starts fell 4.8 percent in May, while job openings dropped in April. However, housing starts were higher than at the same time last year, while job openings were higher than when the recession ended in June 2009. Meanwhile, the rich really are getting richer, as the number of millionaires increases worldwide–and particularly in Asia.
Developers to Break Ground on 3 eleven Bowie in September
By Camelia Bulea, Associate Editor
Endeavour Real Estate Group, one of the developers of 3 eleven Bowie—a planned 36-story residential tower in downtown Austin, has released new details on the upcoming project. Construction on the luxury tower is slated to begin […]
Economy Watch: Housing Starts, Job Openings Edge Down
U.S. housing starts fell 4.8 percent in May, while job openings dropped in April. However, housing starts were higher than at the same time last year, while job openings were higher than when the recession ended in June 2009. Meanwhile, the rich really are getting richer, as the number of millionaires increases worldwide–and particularly in Asia.