News
Hard Rock Proposes $275M Entertainment Project in Northeast Ohio
Gambling that video lottery terminals at Ohio racetracks will soon be legal, Hard Rock International and Milstein Entertainment announced a joint venture to develop a $275 million gaming and entertainment center at Northfield Park, a northeast Ohio harness-racing track.
Washington Gridlock Clouds Leaders’ Brightening Outlook
Amid signs that the real estate industry is rebounding, policy gridlock in the nation’s capital poses the biggest long-term threat to the real estate capital markets, according to the CPE 100 Quarterly Sentiment Survey. The findings emerged from the inaugural national poll of industry leaders by Commercial Property Executive.
Economy Watch: Pace of Job Creation Slows in March
The BLS reported this morning that the U.S. economy created 120,000 jobs in March, fewer than expected. The office-vacancy rate was down slightly in the first quarter to 17.2 percent. And the Fed announced that it have fewer restrictions on how owners of REO properties rent their holdings.
Inland Empire Keep Rolling With 600 KSF Beaumont Leases
By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas … Continue reading →
Indoor Stream Gets Retail Traffic Flowing at City Creek
By Alex Girda, Associate Editor The new City Creek development has any number of distinctions. A joint venture of the Mormon Church and Taubman Centers Inc., the $1.5 billion project is one of the largest private developments in the U.S. in the last few years. The 23-acre project features 700,000 square feet of retail and […]
DDR Buys Out Partner's Ownership Stake in Two Retail Centers for $70M
Fourteen years after becoming a 50 percent owner of Portland’s Tanasbourne Town Center and Phoenix’s Arrowhead Crossing in a joint venture with DRA Advisors Inc., DDR Corp. has acquired its partner’s stake in the assets for $70 million.
Hines Global REIT Spends $131M on 1.8 MSF of Industrial Properties in Poland
With the purchase of a 1.8 million-square-foot logistics portfolio, Hines Global REIT has made its entrée into Poland. The REIT, sponsored by real estate investment firm Hines, acquired the group of four properties from ProLogis European Holdings for approximately $130.8 million.
Inland Real Estate Continues Midwest Retail Spree
Inland Real Estate Corp. has been busy in the last month. This week, the firm picked up seven single-tenant retail properties that feature 95,630 square feet of gross leasable area, as well as two grocery-anchored retail properties in Wisconsin, for an aggregate $78.3 million.
Proposed Foundry Row Development Could Breathe New Life into Owings Mills
By Adrian Maties, Associate Editor
Developer Greenberg Gibbons plans to demolish the 1.8 million square-foot Solo Cup site on Reisterstown Road in Owings Mills in the coming months and build a $140 million retail center anchored by Wegmans in its place. […]
New Tishman JV Acquires Stakes in Office Portfolio in Deal Estimated at $1.6B
A joint venture between Tishman Speyer and an unidentified large pension fund has acquired the assets of Tishman Speyer Office Fund, an Australian listed property trust/REIT, in a deal worth a reported $1.6 billion.