News
Economy Watch: Consumers More Confident, Home Prices Stuck in Neutral
U.S. consumer confidence saw an unexpected bounce back toward the positive in November, but home prices didn’t move much during the third quarter. And investors are feeling more optimistic these days, according to the State Street Confidence Index.
Hartz Mountain Purchases Jersey City’s 99 Hudson Site for $35M
Hartz Mountain Industries has snapped up the one-acre parcel at 99 Hudson in Jersey City in a transaction valued at $35 million.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
JLL to Lease 1.1 MSF Office at 11 Times Square
SJP Properties, owner and developer of the year-old 11 Times Square in Manhattan, has tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the 1.1 million-square-foot office tower.
Skanska JV Wins $522M Phase-One Construction Contract for New Orleans Hospital
Skanska USA and joint-venture partner MAPP Construction have secured the assignment to build phase one of the new University Medical Center in New Orleans. The $522 million contract is split 90-10, making Skanska’s share of the project $470 million.
Prologis Inks 540 KSF Industrial Deal in the Netherlands
Prologis has made a major acquisition overseas, signing a lease agreement with logistics provider Syncreon for approximately 540,000 square feet of industrial space at Prologis Park Tilburg in the Netherlands.
Economy Watch: New-Home Sales See Modest Uptick
The Census Bureau found that single-family home sales rose 1.3 percent in October. Yesterday’s Cyber Monday shopping looks to have broken sales records. And the IMF denied that Italy would receive a multi-billion euro bailout.
NAR: Growth in Commercial Real Estate Markets Expected in 2012
The name of the game lately is optimism. In its most recent report, the NAR asserted that while commercial real estate markets have been relatively flat in 2011, improving fundamentals should show a more positive trend in 2012.
Student Housing Developers Go to Court; County Proposes Detention Center Improvements
By Alex Girda, Associate Editor
All is fair in love and development, or at least this seems to be suggested by an open conflict between two student housing development companies active in the Los Angeles area. Conquest Student Housing stands as […]
MGHerring, Frisco Square Development Plan Retail, Mixed-Use Projects
By Camelia Bulea, Associate Editor
A joint venture formed by The MGHerring Group and Cencor Realty Services recently completed the acquisition of the 765,000-square-foot Golden Triangle Mall in Denton. Plans call for redevelopment in early 2012.
The Dallas Business Journal reports the estimated […]