News
L.A. Apartment Property Paragon Trades for $58.6M
Cornerstone just acquired the mixed-use Paragon at Old Town, a suburban Los Angeles asset, from Urban Housing Group for $58.6 million.
Philly Welcomes Fresh Giant Food Store, Rehabbed Senior Complex
By Veronica Grecu, Associate Editor
With 47 new locations already opened in Southeastern Pennsylvania over the last few years, Giant Food will finally set foot in Philadelphia. The new 74,000-square-foot store is scheduled to open on July 20 in a former […]
Home Sales Continue to Sink in Metro Detroit; RiverWalk to Inaugurate New Facilities
By Veronica Grecu, Associate Editor
According to a report issued this week by Realcomp II Ltd., a real estate information company headquartered in Farmington Hills, Metro Detroit residential real estate continued to fall for the sixth consecutive month. The report, quoted […]
New Resolutions Underway for ‘Town Center East’ and Rybold Park
By Georgiana Mihaila, Associate Editor
Boyd Development Corporation has teamed up with Dallas-based Stratford Land to acquire 600 acres of property in Horizon West, Orange County, Florida. The property, also known as Town Center East is located in the northeast and […]
CityCenter Tower Stirring Legal Battle on Strip
By Alex Girda, Associate Editor
The troubled Harmon building has spawned a serious legal dispute between owner MGM Resorts International and CityCenter on one side and general contractor Perini Building Company. The subject of the dispute is the faulty construction of […]
Denver Skyscraper Testing Market Again; More Deals Keep Activity at High Level
By Alex Girda, Associate Editor
What was until recently called the Qwest building is now up for sale, according to The Denver Business Journal. The current owner, Public Service Enterprises Group Inc. of Newark, New Jersey has hired Cushman & […]
Economy Watch: The Debt-Default Time Bomb, Bernanke’s Strong Warnings, Commerce Weak but Gaining
The default countdown continued on Wednesday, unimpeded by progress on a deal to raise the federal debt ceiling. Ben Bernanke on Wednesday mostly talked of monetary policy but also warned of the perils of default. And the Pulse of Commerce Index rose 1 percent in June, a rebound following declines in the previous two months.
Empire State Building Keeps Getting Greener
After undergoing a retrofit initiative in 2009, the tallest building in New York City has achieved Energy Star certification for 2010, its second year in a row.
Purchase of Atlanta’s Historic Sears Building Paves Way for $180M Rehab
The 2.1 million-square-foot Sears building in Atlanta is one step closer to becoming the mixed-use Ponce City Market now that Jamestown Properties has completed the $27 million acquisition from the city of Atlanta.
Cassidy Turley Lands 7.8 MSF Industrial-Portfolio Management Contract
It’s a big one. Cassidy Turley has been tapped by IndCor to manage a 7.8 million-square-foot portfolio of industrial assets across cities in the central United States.