News
JLL: Hotel Investment Volume to Hold Steady in 2012
A new report by services provider Jones Lang LaSalle suggests global hotel transaction volume in 2012 will hold steady with last year’s total, hitting the $30 billion range.
Detroit Real Estate Improving, Says S&P/Case-Shiller Report
By Veronica Grecu, Associate Editor
A recent report published by S&P/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit—a city whose economy and […]
Cuomo’s Convention Center Plan: A Gamble in Any Form
While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?
Queen Emma Land Proceeds with $300M Redevelopment
By Liviu Oltean, Associate Editor
Queen Emma Land Co. is moving forward with its $300 million masterplan to demolish and redevelop the International Market Place, Waikiki Town and the Miramar at Waikiki Hotel.
The company will develop a three-level retail, dining and entertainment center […]
McCaffery Interests, Pitt Ohio Break Ground on 96-Unit Apartment Property
By Liviu Oltean, Associate Editor
McCaffery Interests and Pitt Ohio recently announced the groundbreaking of ‘Lot 24’, a 96-unit apartment residence project in the Strip District.
Lot 24′s site was formerly a surface parking space. The development will be located in the vicinity of […]
Red Hat to Sublease Two Progress Plaza from Progress Energy for $87M
By Liviu Oltean, Associate Editor
Red Hat and Progress Energy’s negotiations over the sublease of the Two Progress Plaza tower have come to a close. The two companies have agreed to a 23-year sub-lease valued at about $87 million.
According to a report […]
Windsor Renewal Buys 320 Acres, 500 KSF of Industrial from Kodak
Windsor Renewal I, a division of The Broe Group, has taken a major step toward further developing the Great Western Industrial Park in Windsor, Colo., with the acquisition of 320 acres of land and 500,000 square feet of industrial buildings from Eastman Kodak Co. in a partial sale-leaseback transaction.
Clarion, Equity Partner Invest $100M in 1.4 MSF Sao Paulo Industrial Project
Looking to capitalize on what will certainly be a growing economy in the next few years, Clarion Partners has acquired 78 acres of land in a northwest suburb of Sao Paulo. The company intends to develop and lease a Class A industrial facility that will eventually include 1.4 million square feet of space.
Strategic Storage Trust Spends $80M on 12 Self-Storage Facilities
Strategic Storage Trust Inc., a publicly registered non-traded REIT in the self-storage space, has just picked up a portfolio of 12 properties in Georgia and Florida. The buildings, which total approximately 8,000 units across 1 million square feet, were purchased for $80 million.
Cole Real Estate Takes a Piece of Chattanooga-Area Shopping Center
Cole Real Estate Investments has purchased 153,000 square feet in the Cleveland Towne Center in Tennessee from a joint venture composed of Batson-Cook Development and Warren Commercial.