News
Economy Watch: Progress on U.S. Debt Ceiling Still Unclear
The rumor mill was in high gear on Capitol Hill on Thursday as vague stories of Deal or No Deal on the debt ceiling were fast and thick. A solution of sorts to the Greek debt crisis seemed to emerge on Thursday, and the Leading Economic Index for the U.S. increased 0.3 percent in June to 115.3.
Host Hotels to Purchase the Grand Hyatt Washington, D.C., for $442M
Host Hotels & Resorts Inc. is on track to acquire the Grand Hyatt Washington, D.C., for $442 million in what will be one of the largest hotel transactions in the metropolitan area so far this year.
Lennar Plans in Charlotte; Crosland Exits Development Market
By Amalia Otet, Associate Editor
Forbes magazine has placed Charlotte among the potential boom cities that are most likely to experience economic growth over the next few years. Despite the recession, the Queen City has done rather well in terms of […]
Invesco Secures $72.8M Loan Through ING
The loan money is once again flowing. On Thursday, ING Real Estate Finance announced the closing of a $72.8 million term loan with Invesco Real Estate.
Wrigleyville West Completion Postponed
By Alex Girda, Associate Editor
Healthcare Trust of America Inc. has been very active with its purchases recently. Its newest target was the Phoenix area. Its acquisition of Desert Ridge Medical Campus near the Mayo Clinic has extended the amount of […]
New Philadelphia Retail Stores; Multifamily Developments to Break Ground throughout the State
By Veronica Grecu, Associate Editor
King of Prussia Mall, the nation’s largest retail center, will be expanded and redeveloped to make way for new stores. City officials, quoted by the Philadelphia Inquirer, announced last week that the John Wanamaker department store […]
Shared Workspaces Help Business Development in Metro Detroit
By Veronica Grecu, Associate Editor
With the number of floating workers rapidly increasing in the new economy, the concept of shared workspaces is growing in the country’s major cities and their metropolitan areas. Freelancers, professionals working from home or independent contractors […]
SunRail Approval Draws New Transit-Oriented Mixed-Use Project; Southridge IX to be Added to EastGroup’s Commerce Park
by Georgiana Mihaila, Associate Editor
Along with the approval of the SunRail commuter rail project, many developers have started revising stalled plans or drafting new ones for transit-oriented developments. Florida Hospital is the first to make an official announcement, surprising the […]
Clean Energy Jobs to ‘LEED’ Way for Las Vegas Job Market
By Alex Girda, Associate Editor
Las Vegas will have to market one of its untapped resources in the near future, and this time the entertainment industry is not in play. A Las Vegas Sun story regarding the amount of clean energy […]
CBRE Wins Exclusive Rights to 300 MSF USPS Contract
Clearly, CB Richard Ellis Inc. didn’t mail it in when bidding for a big contract with the U.S. Postal Service, because the commercial real estate services firm is now the solutions provider for the entire Postal Service and its 300 million-square-foot portfolio.