News
Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi
Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.
Economy Watch: New Home Sales Sink to Record Low in 2011
New home sales took an unexpected 2.2 percent dive in December compared with the previous month, and the Conference Board’s Leading Economic Index increased 0.4 percent during the same period. U.S. GDP rose 2.8 percent in the fourth quarter of 2011.
Apple Expands in Sunnyvale; East Palo Alto Makeover in Doubt
By Alex Girda, Assciate Editor
Apple has recently signed a lease that may be the opening round of a large-scale expansion by the technology giant in Sunnyvale. Reports peg the deal as the first in a long series of moves that will […]
Condos May Rise on Medical Office Parcel; Simon Nears Deal on Site for Outlet Mall
By Alex Girda, Associate Editor
The current site of a medical office building near the Paradise Valley Mall may be transformed into a multi-family development. Cachet Homes is eyeing a 4.5-acre parcel at 4232 East Cactus Road for a 200-unit condominium […]
Normandy, Morgan Stanley Team on $355M Recapitalization of 10 Universal City Plaza
By Alex Girda, Associate Editor
Normandy Real Estate Partners has recapitalized the home of NBCUniversal to the tune of $355 million, the company disclosed Jan 17. Through a joint venture with Morgan Stanley Real Estate Investing, Normandy struck a deal to […]
San Diego State Student Housing Refi'd for $56M Through AIG
Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.
Aquinas Realty Partners Appointed Redeveloper of Former YWCA Building
By Veronica Grecu, Associate Editor
The Philadelphia Redevelopment Authority (RDA) has selected Aquinas Realty Partners as redeveloper of the former YWCA building located within the Center City Redevelopment Area, at 2017-23 Chestnut Street. It is only a matter of time until […]
Private Partnership Brings New Life to Industrial Property in Corktown
By Veronica Grecu, Associate Editor
After spending $270,000 to purchase a Corktown industrial property in September last year, two ambitious investors decided to transform the building into creative office space.
Native Detroiter Angel Gambino, a media and Web business development expert, and […]
Seville Place Apartments to Undergo $22M Renovation and Rebranding
By Georgiana Mihaila, Associate Editor
The new owners of the Seville Place Apartments in Pine Hills have released plans for a $22 million renovation project of the property.
The apartment complex, owned by a joint venture between two Miami development firms—The Related […]
Builders Launch New Net-Zero Energy Homes for Denver Market
By Gabriel Circiog, Associate Editor
Utility bills could become a thing of the past as two Colorado builders launch new models for highly-efficient homes, The Denver Post reports. Although net-zero energy homes are already available from custom builders, KB Home and […]