News
St. John Properties Acquires 1 MSF Pennsylvania Shopping Mall
St. John acquired a 1 million-square-foot distressed regional retail center in Harrisburg, Pa., from TD Bank, with plans to redevelop the mall.
Skanska Gets $148M Slice of Moynihan Station’s First Phase
Skanska has signed a $148 million contract with the Moynihan Station Development Corp. for work on phase one of the expansion of New York City’s Pennsylvania Station.
Economy Watch: Pro-Bailout Victory in Greece; Rise in U.S. Foreign Investment, but Consumer Sentiment Down
Polls closed in Greece at noon Eastern time on Sunday, and preliminary results indicated that the pro-bailout New Democracy party won about 30 percent of the seats in the Greek parliament. Meanwhile, the Commerce Department reported a further increase in foreign investment in the United States. And consumer sentiment reached a low for the year.
Bosa Launches Downtown’s First Condo Tower Since 2007
By Alex Girda, Associate Editor Downtown Seattle’s first high-rise condominium project in more than five years is getting under way in the Denny Triangle this month as Bosa Development Corp. starts work on the Insignia, a pair of 41-story towers that will include as many as 700 units between them, the Seattle Times reported. Located on the former Teatro […]
Hotel Palomar Opens, Boosts Downtown Convention Market
By Alex Girda, Associate Editor The two-block CityScape development has been completed with the grand opening of the $90 million Hotel Palomar Phoenix. Developed by RED Development and operated by Kimpton Hotels & Restaurants, the 242-key boutique hotel is part of the retail and office development at Central Avenue and Jefferson Street. Hotel capacity in […]
Agoura Hills Retail, L.A. Office Complex Draw Investors
By Alex Girda, Associate Editor A recently completed Agoura Hills retail complex developed and owned by Adler Realty Investments was recently snapped up by Walnut Creek-based Loja Group for $21.3 million, or $588 per square foot. The transaction was arranged by May Realty Advisors, rentv.com reported. The center’s 36,200 square feet are fully leased. Tenants […]
McCarran’s New $2.4 Billion Terminal Offers High-End Appeal
By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new facility has been nicknamed—6,000 of […]
Bear Lake Resort Plan Wins Garden City Approval
By Alex Girda, Associate Editor A $42 million resort in Garden City has secured approvals from the city council and planning commission, paving the way for development of what could be one of Bear Lake’s largest resorts, the Herald Journal of Logan reported. Vista Realty plans to build Waters Edge Resort, a Holiday Inn brand, […]
Terra Verde Completes Largest North Texas Residential Land Sale
By Camelia Bulea, Associate Editor Terra Verde Group L.L.C. has completed the acquisition of 2,031 acres of residential land in Prosper, the largest residential land sale in North Texas this year. It plans what will become one of the largest such developments north of Dallas. The Southlake-based company’s big plans for this tract include 3,500 […]
$40M Carollton Costco Almost a Reality
By Eliza Theiss, Associate Editor Plans to build a Costco store on blighted land near I-10 in the Carollton area seem closer to reality than ever. According to The Times-Picayune, the New Orleans City Planning Commission approved plans for the big-box warehouse store – albeit with a few tweaks. Costco submitted plans to build a $40 […]