News
Cleveland Clinic, Ohio University to Invest $49.1M into Northeast Ohio
By Adrian Maties, Associate Editor The United States is facing a growing shortage of primary-care physicians, but the Cleveland Clinic and Ohio University are taking steps to alleviate the situation in Cleveland. They recently signed an affiliation agreement and plan to invest $49.1 million into Northeast Ohio to open a medical school campus at the […]
Downtown’s Hyatt Regency to Undergo $17M Makeover
By Adrian Maties, Associate Editor Major renovations are planned for the Hyatt Regency Hotel in downtown Cincinnati. The $17 million project is expected to help the Hyatt compete with newer hotels as well as improve the city’s ability to bring in high-end conventions and boost the local economy. The deal calls for the city of […]
Dees Stribling’s Economy Watch Weekly: It’s Not All Bad News
Despite the turmoil in Europe, it wasn’t all bad news this week. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending June 15, 2012.
Cushman Arranges 1.1 MSF Industrial Lease Re-Up in California
Conopco Inc., a subsidiary of Unilever, has decided to stay put in its 1.1 million-square-foot home at 305 W. Resource Dr. in Rialto, Calif., and has renewed its contract with property owner Prologis.
Trump Studio City May Rise in South Miami-Dade
South Miami-Dade could be home to a major film production studio, built by Donald Trump, if the plan pitched to the county commission last Tuesday gets approval.
$157M Roxul Facility to Be Built; 2M Sq. Ft. of Industrial Property Sold
By Eliza Theiss, Associate Editor Rockwool International has officially announced it will be expanding its North American operations and building its first Roxul Inc. manufacturing facility in the U.S. near Memphis. The location for the approximately $157 million plant has been identified as Marshall County, Miss.—31 miles from the city. Roxul Inc. believes the chosen […]
Two Media Giants Scouting for Office Space in NYC
By Veronica Grecu, Associate Editor Remember when Silicon Valley was the designated location for tech companies? Well, things are about to change as media giants’ quest for new office space in Downtown Manhattan reaches new heights. Some undisclosed sources quoted by Reuters revealed that Menlo Park, California-based Facebook Inc. (FB.O) and Redmond, Wash.-based Microsoft Corp. […]
The Silverman Group Purchases 560 KSF of Industrial Space in North Carolina from W.P. Carey
The Silverman Group has added 560,000 square feet of space to its industrial portfolio with the acquisition of 10000 Twin Lakes Parkway, a Class A distribution center in Charlotte, N.C.
$52M Luxury Apartment Community Breaks Ground
By Eliza Theiss, Associate Editor Crescent Resources LLC has recently broken ground on its newest project: the $52 million luxury apartment community—Circle South Park—in Charlotte’s South Park neighborhood. Developers expect the first apartments to go on the market by the summer next year. Located near SouthPark mall on Carnegie Boulevard right next to Piedmont Town […]
ULI: Real Estate Recovery Comes Amid Rebounding Investment; Worries Abound About Debt Capital Shortfall, Europe
Although investment capital is again flowing for CRE, speakers at the Urban Land Institute’s Real Estate Capital Markets Conference are concerned with relative dearth of debt capital, possible refinancing difficulties ahead and the current European economic crisis.