News
Cushman: Global Office Markets Mixed Heading into 2012, 2013
While some road bumps will continue through the foreseeable future, global real estate markets will undergo a slow recovery through next year and into 2013, according to a report by Cushman & Wakefield Inc.
Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio
Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.
Economy Watch: U.S. Consumer Mood Improves
U.S. consumers seem to be enjoying some holiday cheer, at least according to the latest sentiment index, but the share of all U.S. economic output that is being paid as wages dropped to 57.1 cents on the dollar during the third quarter of 2011. And most of the EU countries have agreed to tighter fiscal controls.
Real Estate Industry Loses Leader, Philanthropist Joe Robert
Joseph E. Robert Jr., founder of global real estate investment management firm J.E. Robert Cos., has lost his battle with cancer.
Target Plans Brooklyn Park Office Campus Expansion; Duke Realty Expands Industrial Portfolio
By Gabriel Circiog, Associate Editor
The Target Corp. is planning to expand its Brooklyn Park office campus by adding a seventh building on the site, which would add another 245,000 square feet of office space, Finance & Commerce reports. A proposed […]
50 New Homes Sell in Far West Side Community
By Camelia Bulea, Associate Editor
The Kalikow Group, developer of Luckey Ranch – a master-planned development in San Antonio’s far West Side – announced it has sold 50 new homes over the past three months. Moreover, another 16 home sales were under contract […]
Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany
By Amalia Otet, Associate Editor
The long-vacant Plaza Tower, third-tallest building in both New Orleans and the state of Louisiana, recently sold for $650,000 to a local commercial real estate manager at a private auction. The sale was conducted by a […]
Skyline Scoops Up Cleveland’s Historic Arcade Building
By Adrian Maties, Associate Editor
Skyline International Development Inc., a Canadian hotel and resort company, was the lone bidder last week for downtown Cleveland’s historic Arcade building. It will buy the landmark property for just under $7.7 million, the minimum bid […]
Queen City Square Welcomes 3 New Retail Tenants
By Adrian Maties, Associate Editor:
The Great American Tower at Queen City Square will soon welcome three new tenants:PNC Bank, Coffee Emporium and Simply Grand have signed long-term leases. They are scheduled to open during the first quarter of 2012.
Although the […]
Dees Stribling's Economy Watch Weekly
Dees Stribling’s Economy Watch Weekly: Was the agreement reached in Brussels good news for the economy? No one knows yet. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 2, 2011.