News
PNC’s $400M Leed-Certified Tower Gets Green Light
By Liviu Oltean, Associate Editor
The city planning commission voted in favor of the development of Tower at PNC Plaza.
The tower is a 33-story glass office building that will house PNC Financial Services Group. Estimated to cost about $400 million, the PNC tower […]
Federal Capital Partners Purchases Loft Mixed-Use for $35.25M
By Liviu Oltean, Associate Editor
Federal Capital Partners (FCP) recently acquired the first phase of West Village in Durham for $35.25 million. The seller was BGL Real Estate Advisors, which was represented by First Capital Realty of Bethesda, Md.
According to the CityBizList, […]
Dees Stribling's Economy Watch Weekly
Fairly good economic news in the U.S., and the downgrade in Europe wasn’t enough to set off a panic. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Jan. 20, 2012.
Development Authority Approves Hi-Rise on Site of Expired WTC Franchise
By Liviu Oltean, Associate Editor
The Hawaii Community Development Authority showed support for the long- delayed development of a 40-story, mixed-use project at the corner of Kapiolani Boulevard and Ward Avenue.
The HCDA director of planning and development, Deepak Neupane, said that the […]
Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group
Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.
American Campus Communities Takes $208M in Student Housing
American Campus Communities Inc. has just expanded its portfolio by nearly 2,000 beds with the acquisition of 26 West Apartments in Austin and the purchase of a controlling stake in The Varsity in College Park, Md., for a total of $208 million.
Regency Tests N.Y. Waters with $73M Long Island Retail Buy
Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.
Exclusive: Industrial Back to Pre-Recession Levels, According to Cushman
New leases for industrial properties “returned to levels not seen since prior to the 2008/9 recession,” according to a new fourth-quarter 2011 report by Cushman & Wakefield Inc.
Vestar to Manage 1.1 MSF Phoenix Mall
Coventry Real Estate Partners has tapped Vestar to manage Christown Spectrum Mall, a 1.1 million-square-foot, super-regional retail destination in Phoenix.
Economy Watch: Unemployment Claims Dive
The Department of Labor reported that the economy created 1.6 million jobs during 2011, but the National Association of Home Builders found that new-home starts were down in December. The CPI in the last month of the year was uneven — up in some sectors, down in others.