News
Homewood Suites by Hilton to Open in University City
By Veronica Grecu, Associate Editor Hilton Hotels & Resorts is consolidating its presence in the city of Philadelphia with Homewood Suites, an 11-story extended stay facility that’s nearing completion. Development company Campus Apartments LLC broke ground on the $50 million hotel in December 2010, reports The Daily Pennsylvanian, and an opening ceremony for the public […]
Old Garden Theater Brought to Life by $12M Redevelopment Project
One of Detroit’s first neighborhood theaters, the historic Garden Theater built in 1912 by famed architect C. Howard Crane, has embarked on a multi-million redevelopment program, reports The Huffington Post.
Lee & Associates Expands Florida Presence, Opens Orlando Office
According to an official statement, Lee & Associates—one of the largest full-service commercial real estate firms in the country—will soon be taking another important step in establishing the firm’s presence in Florida and the Southeast.
Nonprofit FHI 360 to Relocate HQ to American Tobacco Campus
by Adriana Pop, Associate Editor FHI 360 plans to move its headquarters and about 400 employees to downtown Durham’s American Tobacco Campus next year. The transaction represents one of the largest leases signed in the Triangle in recent years, providing American Tobacco’s owner, Capitol Broadcasting, with an anchor tenant. The NewsObserver reports the Durham-based international nonprofit […]
Hyatt Completes Largest Hyatt Place Hotel in U.S.
by Adriana Pop, Associate Editor Hyatt Hotels Corp. and management company Kokua Hospitality, LLC announced the opening of the second tower at Hyatt Place Waikiki Beach. The Diamond Head Tower joins the Pali Tower, the first tower, which opened in December 2011 as the first Hyatt Place hotel in the Hawaii market. Hyatt Place Waikiki Beach […]
Dees Stribling’s Economy Watch Weekly
So-so growth for the economy, with housing still a drag on its forward motion. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending April 27, 2012.
Liberty Property Trust Signs 316 KSF Industrial Lease Outside Chicago
With industrial leasing activity continuing at a brisk pace in metropolitan Chicago, Liberty Property Trust was recently able to fill up a 316,200-square-foot space at a Liberty Business Center building in Aurora, in one fell swoop.
NYU to Develop New Applied Research Center in Downtown Brooklyn
By Veronica Grecu, Associate Editor
New York City Mayor Michael Bloomberg announced a historic partnership with New York University and the Polytechnic Institute of New York to proceed with the next milestone in the city’s Applied Sciences NYC Initiative: the Center […]
Carrfour Celebrates Opening of $30M Affordable Housing Community in Liberty City
Miami’s Liberty City neighborhood is now home to the city’s newest affordable housing community—Dr. Barbara Carey-Shuler Manor. Developed by Carrfour Supportive Housing—Florida’s largest nonprofit affordable housing developer—along with Miami-Dade County and the Florida Housing Finance Corporation, the $30 million apartment complex includes 100 affordable housing units for low-income and formerly homeless families.
Waterford Place Sold for $21.5M; Highland Meadows Goes for $5.54M
By Eliza Theiss, Associate Editor Waterford Place has been purchased for $21.475 million, or $67,093 per unit, by Winthrop Realty Trust via WRT-Waterford Place LLC, an entity affiliated with the Boston-based investment trust. Waterford Place, a 320-unit, Class A apartment complex, is situated on 27.9 acres at 8037 Waterford Circle in the Germantown/Collierville submarket of […]