News
ULI Report: Too Much Capital, Too Few Assets
Too much capital chasing too few assets is compelling some investors to overpay, Ethan Penner contended during the Urban Land Institute’s capital markets conference. But the time will come when there are more opportunities than there is cash to pursue them.
Economy Watch: Greece Debates More Austerity
The Greek parliament began debate on an austerity plan for the country that has very few friends outside of the holders of Greek debt, finance panjandrums in the EU, and the likes of the IMF.
Westgate Center Scrambling to Avoid Foreclosure; Pool Fence Program Reaching Milestone
By Alex Girda, Associate Editor
Glendale’s Westgate City Center is facing foreclosure according to several reports that have popped up in real estate news. The Phoenix Business Journal’s coverage on the matter mentions the fact that the two companies that own […]
Government Center Garage, Downtown Crossing to See New Development
By Veronica Grecu, Associate Editor
Hym Investment Group L.L.C. recently filed an approval request with the Boston Redevelopment Authority for a 2.4 million-square-foot mixed-use development at the Government Center Garage in Downtown Boston. Quoted by the Boston Herald, Hym CEO Thomas […]
MetLife Eyes Citigroup Campus; Oak Properties Buys Garfield Mixed-Use from USAA
By Georgiana Mihaila, Associate Editor
Once the largest corporate facility to get built in the Dallas suburbs, Citigroup’s campus, part of Las Colinas, might soon see a change of owners. According to local real estate brokers and economic development officials, MetLife […]
Lakeland Town Center, Moda Apartment Buys Mark Solid Puget Sound Real Estate Performance
By Alex Girda, Associate Editor
California-based Loja Real Estate L.L.C. expanded outside of its home state with the acquisition of Lakeland Town Center for $39.4 million. Purchased from Lakeland Town Center II L.L.C., the 125,000-square-foot shopping center will be managed by […]
Chino Hills Revitalization Begins with Shoppes; Bel-Air Mansion Sale Tops 2011
By Alex Girda, Associate Editor
A high-end lifestyle center located in the Inland Empire county of San Bernardino has managed to arrange a $61 million financing deal, RENTV.com reports. The 388,000-square-foot complex dubbed The Shoppes at Chino Hills, owned by Chino […]
$400M Casino Project Moves Forward in Downtown Cincinnati
By Adrian Maties, Associate Editor
Even in tough times, Downtown Cincinnati continues to expand, with the resumption of the briefly stalled construction of the $400 million Horseshoe Cincinnati. Meant to boost the city’s economy and tourism, the new casino is being developed […]
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news of the week ending June 24 and what to watch out for in the coming week.
Office Tower for Sale; Apple Store Revamped
By Veronica Grecu, Associate Editor
Beacon Capital Partners has announced plans to sell all or a partial stake of its office tower located in Midtown Manhattan at 1211 Sixth Ave. Beacon purchased the 2 million-square-foot building in 2006 for $1.52 billion. […]