News
GSA Taps Trump for $200M Redevelopment of D.C.'s Old Post Office Building
The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.
Economy Watch: Government, Banks to Ink Robo-Signing Settlement
The federal government, various state attorneys general and the largest banks in the country have struck a deal that would specify an assortment of mild punishments for the banks’ involvement in robo-signing. And despite discussions, there was still no clarity on the Greece situation coming out of Europe.
Pier 27 Makeover Starts; One Beach Street Trades for $36.5M
By Alex Girda, Associate Editor
A new cruise ship terminal is on the horizon at Pier 27. Following the Jan. 31 demolition of a warehouse, the site initially will house America’s Cup Village, which will provide retail space and restaurants as […]
As Retail Struggles Continue, a Henderson Duo Thrives
By Alex Girda, Associate Editor
The Las Vegas retail market remains a troubled corner of the economic landscape. Vacancy hit 10.6 percent during the fourth quarter of 2011, more than three times the 3.2 percent rate recorded at the market’s peak in […]
MetWest Terra Continues Streak with Third Bay Area Purchase
By Alex Girda, Associate Editor
MetWest Terra Hospitality is on a roll in the Bay Area after a flurry of hotel acquisitions. In mid-January, the company picked up the Hotel Abri, a 91-key Downtown San Francisco property that was the company’s […]
Clarion Plans Publix Store for the Newly Acquired Water Tower Shoppes
By Georgiana Mihaila, Associate Editor
Leading real estate investment manager Clarion Partners recently announced the acquisition of the Water Tower Shoppes for $18.3 million. The 120,000-square-foot neighborhood shopping center is located in Celebration—an award-winning planned community located in central Florida, approximately […]
Drexel University to Break Ground on New Student Housing Development
By Veronica Grecu, Associate Editor
On February 21 Drexel University and Texas-based American Campus Communities (ACC) will break ground on a 361,200-square-foot mixed use complex that will serve as a vibrant gateway for Drexel University and University City. Scheduled for completion […]
BioMed Realty Trust Takes Cambridge Place for $119M
BioMed Realty Trust Inc.’s presence in the Boston/Cambridge life sciences market will soon surpass 3 million square feet, now that the life sciences real estate REIT has entered into an agreement to purchase the 287,000-square-foot Cambridge Place in for $119 million.
More Green Upgrades Coming to the Raleigh Convention Center
By Liviu Oltean, Associate Editor
The Raleigh Convention Center is set to receive more green upgrades as the installation of a 500-kilowatt solar energy system is currently being prepared. Upon completion, 60 percent of the center’s roof will be covered with […]
ULS Relocates to Park Place One
By Liviu Oltean, Associate Editor
United Lender Services (ULS) has announced it will soon occupy 48,000 square feet of office space in Park Place One. Located in the suburban Parkway West area of Pittsburgh, Park Place One and Park Place Two […]