News
Carolinas HealthCare System Wins State Approval for $33M Hospital in Huntersville
By Amalia Otet, Associate Editor
While the economy is still sluggish, the housing market is showing signs of a rebound. The Charlotte metropolitan area is currently seeing an improvement in home sales; according to a report released by the Charlotte Regional […]
Rehab is On for Penn South, New Baptist Temple
By Veronica Grecu, Associate Editor
The American Federation of Labor and Congress of Industrial Organizations Housing Investment Trust (AFL-CIO HIT) will invest $134 million in the rehabilitation of Penn South, a co-op located between 8th and 9th Avenues and East 23rd […]
Two Residential Projects to Bring 532 Units to Downtown Austin and Buda
By Camelia Bulea, Associate Editor
Downtown Austin will have a new 17-story residential tower, which is being built by Rogers-O’Brien Construction. The project, situated at the northeast corner of Third and Brazos Streets, will include 268 multifamily units occupying 11 floors. […]
Exclusive: Industrial Vacancies Set to Decline Through 2015, Cushman Report Shows
In an exclusive interview with CPE, commercial real estate services firm Cushman & Wakefield sees industrial vacancy rates dropping “considerably” over the next five years, going as low as 6.6 percent by 2015.
Moving House: NBC Sports, United Talent Agency Sign for New HQs
Two major firms signed big deals to move their respective headquarters to new digs this past week: NBC Sports will relocate to Stamford, Conn., and United Talent Agency will take new digs in Beverly Hills.
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Shippensburg University Kicks Off $200M Student-Housing Development
Shippensburg University in Pennsylvania breaks ground today on its $200 million student-housing initiative that will be completed in three phases through January 2013 by developer Campus Apartments.
Economy Watch: U.S. Sees Good News, Europe Not So Much
The good: U.S. housing starts were up 5.1 percent month-over-month, and multi-family permits have spiked by 63 percent. The bad: Amid other problems in Europe, Germany and France are now at odds.
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.
$55M for a Manufactured Seniors Home Community Outside Boston
A privately owned Chicago firm has just purchased Oak Point, a 870-unit seniors manufactured-home community in Middleborough, Mass., for $55 million.