News
New Master-Planned, Hotel Projects Benefit from Public-Private Partnerships
By Gabriel Circiog, Associate Editor
The latest step in the expansion of the Canyon Centre Community Development Area saw the Salt Lake County Council allocating $3 million in property-tax revenue over a period of 18 years for the construction of a $7 million public parking structure, according to the Deseret News. The county will also waive 100 […]
Brooks City-Base Lofts Break Ground in Latest Addition to South Side Growth
By Camelia Bulea, Associate Editor
The South Side of San Antonio saw the groundbreaking of a $27 million housing project at Brooks City-Base last week.
The former military installation, now public land, scores another milestone in its economic development with the creation […]
Condos Founder, Class A Office Flourishes as Downtown Struggles to Recover
By Amalia Otet, Associate Editor
Plans for development of the Trump Tower, announced the day before Hurricane Katrina hit New Orleans, have been officially halted, as the site of the 70-story, $400 million skyscraper that was to have been the tallest […]
Tabani Group Gets Option to Buy Northgate Mall
By Adrian Maties, Associate Editor
Tabani Group International, a Dallas-based real estate investment group, has obtained an option to buy and redevelop Northgate Mall in Colerain Township. A revised preliminary development plan for the mall was presented for approval to the Colerain […]
Las Olas City Centre to Sell for $160M; 396 Alhambra Opens South Tower
By Georgiana Mihaila, Associate Editor
Las Olas City Centre, the prominent Fort Lauderdale office tower, is being purchased by a fund related to JP Morgan Investment Management for $160 million, or $400 per square foot. According to South Florida Business Journal, […]
Developers Eye 300-Room Hotels in Austin and Suburbs
By Camelia Bulea, Associate Editor
A 210-room hotel could be built in downtown Austin, on Congress Ave. The developer’s plan is to build a boutique hotel in the Bosche-Hogg Building, with 210 rooms and 120,000 square feet of office space, according […]
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
Sabey Data Center Properties Buys Manhattan’s Verizon Building for $120M
Sabey Data Center Properties entered the data center-hungry metropolitan New York market with the closing of a $120 million acquisition of a 29-floor condominium interest in the 32-story Verizon Building, with plans to transform the space into a premier data center location.
Economy Watch: Wall Street Tanks, but Hiring Improves (a Bit) in July
This morning’s jobs number showed a slight improvement, while commodities have followed stocks into negative territory. Commercial real estate prices aren’t rising–but at least they aren’t falling.
Renovations Underway at Cedar Hotel, Holiday Inn Select Memphis East and One Commerce Square
By Amalia Otet, Associate Editor
The real estate industry in Memphis is undergoing a facelift these days, as it sees the renovation of several of its most illustrative pieces.
The Cedar Hotel, located on East Brooks Road in Whitehaven, just 1.7 miles […]