News
Economy Watch: Fed Does the Twist; Pulse of Commerce Index Slips
The Fed’s Open Market Committee passes on QE3 and opts for a shift to shorter-term bonds.
High-Rise Club Building Switches Owners, Colorado Springs Ranch Set for Game Change
Alex Girda, Associate Editor
One of Denver’s high-rise buildings recently traded hands in a deal between former owners Cls Holdings Inc. and Dca Denver LLC and the current owner, an unnamed pension fund. The total amount of the transaction was undisclosed […]
Liberty Property Trust Brings New Marriot Hotel to Navy Yard
By Veronica Grecu, Associate Editor
The Philadelphia Inquirer reports that real estate investment trust Liberty Property Trust is close to completing the financing for a new Marriot hotel that would be located in the city’s Navy Yard complex. The announcement is […]
Quicken Loans Employee Relocation Makes Detroit Reconsider Its Housing Options
By Veronica Grecu, Associate Editor
Detroit’s former Trolley Plaza apartment building, located at 1431 Washington Boulevard, has been rebranded as Detroit City Apartments, according to the Detroit Free Press. Opened in 1981, the Trolley Plaza building was later renamed as Washington […]
Wood Partners to Add Luxury Apartments Near Disney World
By Georgiana Mihaila, Associate Editor
Multifamily developer Wood Partners LLC recently purchased 9.69 acres of undeveloped land near the Walt Disney World that will soon house a 264-unit luxury apartment community. Dubbed Alta at Lake Eve, the project will represent the […]
Las Vegas Homes Selling Low, Foreclosed Homes Being Rehabbed
By Alex Girda, Associate Editor
Clark County has recently funneled $4 million in federal neighborhood stabilization dollars to Housing for Nevada, a nonprofit whose activities focus around the struggling market. The organization aims at buying, rehabilitating and reselling foreclosed or abandoned […]
Duke Realty Purchases Greenfield North Business Park Portfolio
By Liviu Oltean, Associate Editor
Duke Realty recently completed its third acquisition in the Triangle area with its purchase of Greenfield North Business Park.
The Greenfield North portfolio includes five buildings that encompass 397,332 square feet, with an additional 75.25 acres in […]
Richfield Hospitality to Renovate and Reposition Hotels
By Liviu Oltean, Associate Editor
Richfield Hospitality, a Denver-based hospitality management company focusing on maximizing profit and improving asset values for hotel owners, has added four properties to its portfolio: Crowne Plaza Melbourne Oceanfront Resort in Florida, DoubleTree by Hilton Hotel […]
Hines Gets World’s Highest LEED Platinum Rating in San Francisco
Hines took its building at 101 California St. in San Francisco from green to greenest, environmentally speaking, when its property was named to both LEED Platinum status and to the honor of having the highest score in the Existing Buildings category worldwide.
THM Partners Breaks Ground on Affordable Housing
By Liviu Oltean, Associate Editor
THM Partners and the state have begun a collaboration meant to increase affordable residences in Hawaii, KITV reports.
Kalakaua Avenue will be home to a 23-story affordable residential building. Of the 176 units, 90 will be affordable, ranging […]