News
PCCP Provides $69M for Salt Lake City Mall Renovation
In a renovation deal that will be ready for next year’s holiday season, PCCP announced last week that it provided a $69.2 million senior loan to recap and improve Salt Lake City’s Valley Fair Mall.
Washington REIT to JV with Trammell Crow on $95M Virginia Apartment Community
Capitalizing on the growing demand for residential rentals in metropolitan Washington, D.C., Washington Real Estate Investment Trust has entered into a joint venture with Trammell Crow Co. to build an apartment high-rise in Alexandria, Va., for $95 million.
Economy Watch: Job Numbers Mediocre, but Not All Bad
Job numbers in the private sector were generally up for November, but government employment trended downward. A majority of Americans have been left in poor financial shape due to the recession. And investors will nervously watch the upcoming meetings on the euro situation.
The Arbors Apartments Open on White Marsh Boulevard
By Adrian Maties, Associate Editor
Earlier this month, The Arbors at Baltimore Crossroads, the newest and most modern apartments in Eastern Baltimore County, officially opened on White Marsh Boulevard. Kevin Kamenetz, Baltimore County Executive, attended the ribbon-cutting ceremony along with principals […]
Redeveloped Bell Building will Lose Iconic Yellow Pages Sign
By Veronica Grecu, Associate Editor
As part of a redevelopment project that aims to transform the historic Michigan Bell Telephone Company building into shelters for homeless, the iconic Yellow Pages sign that has been hanging for almost 50 years from the […]
King of Prussia Mall to Add 140K SF; HUD Awards $8.5 Million to Senior Housing Project
By Veronica Grecu, Associate Editor
Simon Property Group (SPG) is set to expand the retail presence at the King of Prussia Mall at 160 North Gulph Mall by adding 140,000 square feet to the shopping center’s existing layout. The newly announced […]
Can Valley Condo Market Go any Lower? Office Market Shows Signs of Life According to Area Professionals
By Alex Girda, Associate Editor
Investors are acknowledging the opportunities they have received with recent median price slides a Residential Resources of Las Vegas report indicates. Condominium and townhome sales have seen increased interest during the past few months as median […]
MIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio
By Gabriel Circiog, Associate Editor
MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired the multifamily community Rosemont Ridge at Lowry for $29.7 million. Located at 10000 East Alameda Avenue, on approximately 10 acres of land, […]
Dees Stribling's Economy Watch Weekly
Dees Stribling’s Economy Watch Weekly: The U.S. is still tepid, but at least the euro-zone situation didn’t blow up this week. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 2, 2011.
Forest City to Lead 119-Acre Atlanta Transit Development
Plans are in the works for a major mixed-use, multi-modal transportation hub in Atlanta and Forest City Real Estate Asset Services is onboard to spearhead the project.