News
New 16-screen Theater to Anchor $85M Towson Circle III Development
By Adrian Maties, Associate Editor
Baltimore County Executive Kevin Kamenetz announced on January 27 that Cinemark Theatres has signed a lease to be the anchor tenant for Towson Circle III, an $85 million expansion of Towson Circle. Baltimore-based The Cordish Cos. is […]
Record-breaking Price Tag for One World Trade Center
By Veronica Grecu, Associate Editor
One World Trade Center, the building designed to bring new life to Ground Zero in New York City, has recently become the world’s most expensive office tower, reports The Wall Street Journal. The new price tag […]
Dees Stribling's Economy Watch Weekly
Some discouraging numbers this week, but in the end, the unexpectedly strong jobs report put a positive spin on things. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Feb. 3, 2012.
Wells Core REIT Acquires 201 KSF Maryland Office Building
Wells Core Income REIT has acquired the Franklin Center, a 200,600-square-foot office building in the Baltimore submarket of Columbia, Md., from Principal Real Estate Investors.
French Quarter Suites to be Rebranded as Comfort Suites; Plans Move Forward for New Biotech Building at STCC
By Amalia Otet, Associate Editor The French Quarter Suites at Overton Square in midtown is under contract to be purchased by two local businessmen, Rishi Chopra and Jay Kumar, who plan to renovate the vacant facility and brand the new hotel as a Comfort Suites, a member of Choice Hotels. The developers plan to pay […]
$30-million Residential Community Planned for Queen City; Wake Forest Celebrates Opening of Uptown Campus
By Amalia Otet, Associate Editor
Orlando, Fla.-based Global Growth Trust Inc., a real estate investment trust focused on building a portfolio of real estate and real estate-related assets in the United States and abroad, recently announced plans to enter the Charlotte […]
Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties
Building on its “longstanding relationship with J.P. Morgan,” services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space at Dallas’ Fountain Place and Houston’s Post Oak Central.
Starwood CEO Sternlicht, Partners to Invest $100M in South Beach Hotel, Condos
A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.
Economy Watch: Economy Continues to Create Jobs
The U.S. Bureau of Labor Statistics reported that 243,000 jobs were added to the economy in January. The CBO expects sluggish economic growth for the next two years. And Fed Chairman Bernanke sparred with some members of Congress over monetary policy.
A $50 Million Make Over for Dilworth Plaza
By Veronica Grecu, Associate Editor
City officials gathered earlier this week to celebrate the start of renovations at Dilworth Plaza, now known as the hot spot of the Occupy Philadelphia movement. Located on the west side of City Hall, Dilworth Plaza’s […]