News
Philly Welcomes Teva Pharmaceuticals Facility, Home2 Suites Hotel
By Veronica Grecu, Associate Editor
Last Tuesday Teva Pharmaceuticals USA broke ground on its new warehouse and distribution center in Northeast Philadelphia. Teva officials gathered at the site at One Red Lion Road for an official opening ceremony for the $300 […]
Detroit’s Riverfront Towers Rescued?
By Veronica Grecu, Associate Editor
One week after the Federal National Mortgage Association—better known as Fannie Mae—sued the Riverfront Towers’ owners over an alleged $70 million debt on the loan, plus fees, US District Judge Avern Cohn appointed Ronald Glass of […]
CBRE Closes Multifamily Deal, Consolidates Market Leader Position
By Georgiana Mihaila, Associate Editor
CB Richard Ellis Central Florida Multi-Housing Group, now simply known as CBRE, recently closed its second successful sale of an Orlando multifamily property. At the beginning of last month, Shelton Granade Jr. and Luke Wickham of the […]
Downtown Set For a Housing Mini-Boom, New Home Sales Continue to Drop
By Alex Girda, Associate Editor
According to city real estate specialists, downtown is seemingly generating some heightened interest in its housing options. Though prices are nowhere near the golden days of the mid-2000s boom, interest is definitely there. Offering confirmation, The […]
Housing Market Stalls, but Renters will See a ‘Silver Lining’
By Alex Girda, Associate Editor
Denver’s home market is far from the recovery everyone wants. The Standard & Poor’s/Case-Shiller Home Price Index released recently shows that prices in July stalled compared to June’s numbers. In fact, out of the 20 metro […]
SPECIAL REPORT: As Green as It Gets
The Affordable Housing Summit was one of the highlights of the GreenBuild 2011 conference in Toronto, and while attendees contributed their own ideas about the future of sustainability, the session highlighted the Living Building Challenge.
DLA Piper Panelists: This Summer Took a Toll on CRE
Is the market recovery for real? The question seemed reasonable in the summer, but volatility is back in the capital markets, according to the panelists at DLA Piper’s Global Real Estate Summit 2011.
KPMG Survey: Economic Recovery? Not Until ’13 or Later
A recent survey by audit and tax firm KPMG falls in line with most other economic reports in the early part of October 2011: Things are slowly improving, but a real recovery is still years away.
Economy Watch: ADP Reports Middling Job Growth; BoA, Army Cause Layoff Surge
According to ADP, private U.S. businesses hired a net of 91,000 workers in September — but Bank of America plans a reduction of 30,000 workers and the Army plans a reduction of 50,000. Non-manufacturing activity grew in September for the 22nd consecutive month.
Colonial Properties Trust Buys 6 MF Properties for $105.8M; Office Buildings Developed by Capital Assoc. Obtain $36.5M
By Liviu Oltean, Associate Editor
Colonial Properties Trust recently sold six multifamily properties for $105.8 million.
The properties are: Colonial Grand at Sugarloaf, Colonial Grand at McGinnis Ferry, Colonial Village at Meadow Creek, Summer Tree, Brookfield and Paces Cove. About $96.3 million […]