News
Quicken Loans-Owned Buildings in Detroit Receive Federal Grant for Energy Efficiency
By Veronica Grecu, Associate Editor
Last week the Detroit Economic Development Corp. approved grants of up to $260,000 in federal tax money for three buildings owned by Dan Gilbert, founder of Quicken Loans. The Detroit News reports that the Dime, the […]
Amway Arena’s Demolition Makes Way for Mini-Metropolis
By Georgiana Mihaila, Associate Editor
The major Creative Village development may finally be one step closer to fruition, as the city of Orlando will be approving the demolition of the Amway Arena next week. According to the Orlando Business Journal, the […]
MGM Cutting Losses by Literally Imploding Harmon Tower
By Alex Girda, Associate Editor
The Harmon Hotel tower has only brought grief to MGM Resorts International and it looks like the company has had enough. Following a number of legal battles which have been discussed in the Las Vegas business […]
Stay-on-the-Map Deals Perfected in Denver
By Alex Girda, Associate Editor
Denver is set to sell another large property in a deal that will further increase the city’s transaction total by over $100 million. According to a post on CoStar News, an affiliate of Walton Street Capital […]
Hines Sells 1.4 MSF Three First National Plaza in Chicago
Thirty years after Hines developed Three First National Plaza in Chicago, the real estate company’s U.S. Core Office Fund has sold the 1.4 million-square-foot office property.
Office Space Tightening Amid Greater Economic Concerns
Despite continued economic volatility and sluggish growth, the top tiers of the office market are still drawing significant activity and interest, according to a Jones Lang LaSalle report.
Economy Watch: ADP Posits Anemic Job Growth, Reports Give Mixed Economic Indicators
An ADP report said private-sector employment increased by 91,000 last month, particularly in service industries. New York City and Chicago saw growth rates stumble. And Irene may have caused more than $1 billion in damages.
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
Innkeepers Files Complaint Against Chatham, Cerberus Over $1.1B Deal
Just steps from emerging from Chapter 11, Innkeepers suffered a major blow when a joint venture of Chatham and Cerberus Series terminated a $1.1 billion contract, but Innkeepers plans to fight the hit in court.
JLL Tapped for KeyCorp’s Greening Initiatives
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp.