News
Second Boutique Hotel to Open; Toyota Commits to Long Beach for the Long Term
By Alex Girda, Associate Editor
Following the Bel Air’s announcement of its reopening next month, another hotel project is set to open its doors: The Wilshire. The 74-room facility is aimed at both business and leisure travelers visiting the surrounding area, […]
Centerville City, City Creek Center Expand with New Retail, Other Offerings
By Gabriel Circiog, Associate Editor The first stage of a multimillion-dollar project in Centerville is nearing completion. The Salt Lake Tribune reports the city’s new Megaplex Theatres will open to the public in October. The 90,000-square-foot theater and dining complex will feature 14 screens, 3,400 seats, a 2D/3D IMAX screen and D-box motion seats. According […]
NorthMarq Completes Three Financing Deals For $35.5M
Over a period of two days following the Labor Day weekend, NorthMarq announced the completion of an aggregate $35.5 million in financing for three multi-family properties.
ProLogis Pockets $65.6M on Sale of Korea Assets
ProLogis Inc. has sold eight wholly-owned assets and its interest in the ProLogis Korea Fund in a deal that netted the industrial real estate company $65.6 million in proceeds.
Seattle Housing Market Could Be This Year’s Sleeper
By Alex Girda, Associate Editor
Seattle’s booming office market has eclipsed its housing sector in recent months, but the housing market could turn out to be a sleeper. Recent numbers indicate that 2011 is on track to edge last year’s home sales.
Although […]
Greystar Acquires Plymouth Apartment Complex for $55M; Lyndale Garden Project Marks Milestone, but Doubts Linger
By Camelia Bulea, Associate Editor
Greystar Real Estate Partners has acquired Park Place Apartments in Plymouth in a $54.7 million deal. Although the Charleston, S.C.-based company manages five other residential complexes in the Twin Cities, the acquisition of the 500-unit, 26-year-old […]
Feature: Ten Years Later, What Have We Learned?
Even for famously immodest Manhattan, the 16-acre WTC redevelopment project is an exercise in superlatives. But the significance of the World Trade Center’s redevelopment – and the shattering event that precipitated it a decade ago – extends far beyond the boundaries of the site.
Economy Watch: Investors Have the Jitters, Consumer Borrowing Rises
Investors weren’t encouraged by events late last week, especially the latest from the cauldron of rumors in Europe. According to the Fed, consumer borrowing was up by $12 billion in July. And the Obama administration is planning a revamp of the Home Affordable Refinance Program, which has thus far proved underwhelming.
CommonWealth REIT Purchases 600 W. Chicago for $390M
600 W. Chicago Ave. has changed hands – moving from the books of 600 West Chicago Associates L.L.C. and onto the rolls of CommonWealth REIT – for a purchase price of $390 million.
AMLI Snags 285 Units in Galatyn Park
By Georgiana Mihaila, Associate Editor
Illinois-based AMLI Residential, one of the country’s largest apartment owners, has recently bought the 285-unit Venue complex in the Galatyn Park urban center on U.S. Highway 75. The high-profile community has been on the market for […]