News
San Diego Mayor Seeking Inspiration for New Stadium for the San Diego Superchargers
By Gabriel Circiog, Associate Editor
San Diego Mayor Jerry Sanders has embarked on a three-day nationwide tour to explore downtown sports and entertainment districts in order to get ideas for what might work locally in the pursuit of building the Chargers […]
Controversial Country Club Plaza Office Project Relocated to Valencia II
By Gabriel Circiog, Associate Editor
The opponents of the Country Club Plaza office project have realized their objective as the developer has dropped the proposal for the controversial seven-story tower; therefore, the Neptune Apartments will survive. Kansas City Business Journal reports […]
Fitch: CMBS Loans Look Good; Most Will Pay at Maturity
According to Fitch Ratings, the CMBS sector is looking good as maturing loans reach the end of their terms, and more than $17.3 billion are scheduled to do so in 2012.
Hertz Gets $42M Loan in Downtown Cincinnati
Hertz Investment Group took a $42 million loan on The Center at 600 Vine, a 625,765-square-foot, Class A office building in Cincinnati, from U.S. Bank.
Economy Watch: Bernanke Tiptoes, U.S. GDP Poised for Growth
In his central-banker way, Ben Bernanke managed to calm Wall Street for a while on Friday while not managing to be too specific. According to the BEA, the economy grew at 1 percent quarter-over-quarter. And while Wall Street dropped at first, by the end of the day indexes headed up.
Dallas Office Towers Get New Owners, New Resolution
By Georgiana Mihaila, Associate Editor
Granite Properties’ acquisition of a 12-story office tower in Uptown Dallas and the recent sale of the vacant 52-story Elm Place have held industry headlines this past week.
The 12-story office tower at 3333 Lee Parkway in […]
eBay Announces New Facility; Park City Council Considers Downsizing Project
By Gabriel Circiog, Associate Editor The global online auction marketer eBay Inc. and the Utah Governor’s Office of Economic Development announced plans to build a new state-of-the-art facility in Draper. The Salt Lake Tribune reports that the new facility is expected to create 2,200 jobs over the next 20 years. The company currently employs around […]
H-E-B Expands in Texas, Buying Three Albertsons
By Camelia Bulea, Associate Editor
San Antonio-based H.E. Butt Grocery, which operates 332 stores in Texas and Mexico, recently acquired three Albertsons stores, located in College Station, Kerrville and New Braunfels. The two parties–H-E-B and Albertsons L.L.C.–are expected to close on […]
Audborn Building Restored to Accomodate Saint Hotel
By Amalia Otet, Associate Editor
New Orleans’ hospitality industry was in dire need of revitalization following the economic downturn and Hurricane Katrina. Several projects meant to bring the city back to its former glory have been launched in the past few […]
California Stadiums Look to Go the Whole Nine Yards
By Alex Girda, Associate Editor
A $1.2 billion investment is about to hit Los Angeles. The massive cash infusion will come as a result of the city council’s approval of a non-binding agreement for the construction of a state-of-the-art stadium. Talks […]