News
Hamilton Square Expected to Sell for $200M
By Adrian Maties, Associate Editor
Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to […]
Developer Seeks to Get 4M SF Henderson Trade Center Airborne
By Alex Girda, Associate Editor
Trade and convention centers are a long-time fixture of the Las Vegas scene, but a local development team is proposing a facility that would depart from the norm. AeroQuestUSA L.L.C.’s proposed 4 million-square-foot International Trade and Conference Center in Henderson would focus full time on the aerospace and defense industries, VegasINC reports.
The […]
Dees Stribling's Economy Watch Weekly
Consumers were more confident and out spending more last month, despite sluggish income growth and declining housing values. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 30, 2012.
Clarion Pension Fund Gets $100M in Secured Credit, Backed by Seven Industrial Properties
Utilizing a 2.1 million-square-foot commercial portfolio owned by a pension fund it advises as collateral, Clarion Partners L.L.C. now has its hands on a $100 million secured credit facility.
U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M
by Adriana Pop, Associate Editor
Children’s Hospital of Pittsburgh plans to develop a four-story, 60,000-square-foot medical complex in South Fayette Township. According to the Pittsburgh Business Times, the facility will include an urgent care clinic, an imaging center, and other specialized pediatric services.
The South Fayette Township Board of Commissioners named the University of Pittsburgh Medical Center […]
Three New Student Housing Complexes to Open Near N.C. State University
by Adriana Pop, Associate Editor
Construction of three new luxury student complexes is underway near North Carolina State University in Raleigh, N.C.
Slated to open simultaneously this summer, the three developments will offer a total of 1,770 off-campus bedrooms, the NewsObserver reports. In spite of the growing concern over the cost of higher education, experienced student housing […]
First Wind Closes on $236M Loan for Hawaii’s Largest Wind Project
by Adriana Pop, Associate Editor
First Wind announced it has obtained $236 million in financing to develop Hawaii’s largest wind-energy project.
The 69 megawatt (MW) Kawailoa Wind farm will be built on Kamehameha Schools’ Kawailoa Plantation lands on the North Shore of Oahu. Once complete, the wind energy facility will have the capacity to power the equivalent […]
Newton High School and TWA Flight Center to Receive Preservation Awards
By Veronica Grecu, Associate Editor
Two Queens properties have been nominated for the Lucy G. Moses Preservation Awards, reports the Queens Courier. On April 25, during an official ceremony at the New York Historical Society on Central Park West, the “preservation […]
New Cambria Suites Hotel Breaks Ground in Miami
By Georgiana Mihaila, Associate Editor
Miami is one step closer to getting a brand new Cambria Suites hotel. SunflowerHospitality, Delant Construction and Choice Hotels International celebrated the official groundbreaking of the new Miami hotel on March 28 during an on-site ceremony […]
Wilder Cos. Nabs 412 KSF Retail Management Contract for Two Properties
The Wilder Cos. has just added 412,000 square feet of shopping-center responsibilities to its plate. The retail real estate services firm won a contract to spearhead leasing and management at Suburban Philadelphia’s The Shops at Valley Square, and another assignment to provide the same services at Somerset Square, located just outside of Hartford, Conn.