News
PJ Dick Appointed as General Contractor for $71M Credit Union HQ
By Liviu Oltean, Associate Editor
PJ Dick has been recently selected as general contractor for the new Pennsylvania State Employees’ Credit Union (PSECU) headquarters.
The $71 million project represents PJ Dick’s first Harrisburg-based contract, and it is also the largest construction project […]
Brownstone Hotel Rebranded As DoubleTree; More Leasable Space on Flexible Terms in the Triangle Area
By Liviu Oltean, Associate Editor
The Brownstone Hotel located at the corner of Hillsborough Street and Cox Avenue has been rebranded as a Doubletree by Hilton. The hotel has been managed under the Holiday Inn aegis for the past nine years.
The rebranding comes after a […]
Vornado, Kushner JV to Recap NYC's 666 Fifth Ave.
A new co-owner steps in at 666 Fifth Ave., a 1.5 million-square-foot office tower in Manhattan, as Vornado Realty Trust establishes a joint venture with an affiliate of the Kushner Cos.
Minneapolis Continues to Support Target Center Renovation
By Gabriel Circiog, Associate Editor
City of Minneapolis officials vow to continue backing the city-owned Target Center renovation, Finance & Commerce reports. Although the city would like to carry out the work in parallel with the construction of a new football […]
Inland, RioCan JV Pays $92M for Alamo Ranch Shopping Center
By Camelia Bulea, Associate Editor
RioCan Real Estate Investment Trust and Inland Western Retail Real Estate Trust purchased the mega-shopping center Alamo Ranch for $92.2 million. Alamo Ranch was built on a 61-acre site in 2008 and today is 88 percent occupied. Anchor […]
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Nearly $1B in Assets Backs Jamestown Fund Launch
Capitalizing on the strength of three recent trophy acquisitions, Jamestown has moved into the public phase of its new vehicle Jamestown Premier Property Fund.
SPECIAL REPORT: What Is the Multi-Housing Environment Without Fannie and Freddie?
After the SEC’s charging of 45 Fannie and Freddie execs, what is the multi-housing world going to look like in the coming years?
Economy Watch: Inflation Muted in November
The BLS reported that November’s CPI was flat, with no change since October. Ratings agencies are starting to be more vocal about European-debt concerns. On Friday, the House and Senate both approved a $1 trillion omnibus spending bill.
BBVA, PFSweb, Satori Capital Relocate HQs
By Camelia Bulea, Associate Editor
BBVA Compass will move its offices to 11,000 square feet at Museum Place in Fort Worth after announcing the sale of the 60,000-square-foot West Freeway building that housed its Tarrant County corporate offices.
The company opted to […]