News
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 […]
Cash Incentive Programs Continue to Lure Professionals to Detroit
By Veronica Grecu, Associate Editor
Live Midtown, a cash incentive program that encourages employees of Henry Ford Health System, the Detroit Medical Center and Wayne State University to buy or rent in Detroit, proved to be so popular that it will […]
UCF, FSU Will Add New Facilities
By Georgiana Mihaila, Associate Editor
The University of Central Florida plans on building a new teaching hospital in Lake Nona, right next to its medical school. The Orlando Business Journal Reports that on January 26 the UCF board of trustees approved […]
Mixed-Use Project Planned in Highpointe Neighborhood
By Gabriel Circiog, Associate Editor
A new mixed-use project is planned in Denver and construction could begin as soon as the second quarter, according to The Denver Business Journal. The plan envisions a retail center, luxury apartment complex and retirement community […]
SL Green Completes Pieces of $416M Transaction Announced in October
In two separate transactions, SL Green finalized previously announced deals in its prime hunting ground, Midtown New York City.
Clarion Partners Buys Pair of Back Bay Office Buildings for $87.1M
On behalf of a separate-account client, real estate investment manager Clarion Partners has acquired two adjoining office buildings in Boston’s Back Bay for $87.1 million. The 13-story buildings total 184,000 square feet.
Griffin-American Snaps Up $167M in Skilled-Nursing Facilities
Griffin-American Healthcare REIT II picked up $166.5 million worth of commercial real estate from the partnership of Westport Capital Partners and Reichmann International Development in the form of 10 skilled-nursing facilities across the Southwest.