News
United Properties will Develop Aerospace and Clean Energy Facility on Loveland Site
By Alex Girda, Associate Editor
Making Denver real estate headlines this past week was the selection process for the redevelopment of a Loveland site slated for conversion to a high-tech manufacturing plant for NASA. The story was reported by both The […]
Green Developments and Urban Gardens Boom in Philadelphia
By Veronica Grecu, Associate Editor
During a tree planting event that was held last week at Philadelphia’s Navy Yard Corporate Center, GlaxoSmithKline and Liberty Property Trust/Synterra Partners inaugurated a new 205,000-sq.-ft., environmentally friendly building.
As reported by Citybizlist.com, Deirdre Connelly, president of […]
Report Shows Increase in Detroit Home Sales
By Veronica Grecu, Associate Editor
Detroit region’s home sales rose 4.3 percent in May 2011 according to recent data released by MLS Realcomp II Ltd., a real estate information company based in Farmington Hills. The report quoted by Crain’s Detroit Business […]
M&M Mars Signs 500,000-SF Lease
The firm’s new home is located in a million-square-foot building at 13133 Innovation Way, which sits within the 2,500-acre SCLC commercial and industrial complex at Global Access Victorville in Southern California.
Kennedy Wilson Buys $143.5M Portfolio
The Los Angeles purchase adds 700,000 square feet to the company’s holdings, bringing the total assets under management to $9.8 billion.
George Smith Partners Adds Two Executives
The commercial real estate investment banking firm has tapped Bryan Shaffer as a senior vice president and Malcolm Davies as a vice president.
Economy Watch: Edgy Investors, Consumers
Last year the worry du jour was deflation. Earlier this year, that worry turned to the specter of inflation. Now the term “stagflation,” an ungainly creation of the 1970s, is being dusted off.
Manhattan Office Refinancings Continue with $750M Investment
Investors are attracted to the increasingly hot Manhattan office market and Invesco Real Estate is no exception. The company just acquired a stake in 230 Park Ave., the 1.4 million-square-foot tower formerly known as the Helmsley Building, in a $750 million recapitalization deal.
Despite Bumps, Downtown Manhattan Keeps Rising
Looking ahead to the 10th anniversary of the Sept. 11, 2001, terrorist attacks, a wide variety of experts took the occasion to cite both encouraging trends and unresolved challenges during a conference held near Ground Zero.
W Hotels Makes Russia Debut
Owned by Real Estate Development Ltd., the W St. Petersburg hotel offers 137 guest rooms, bar and rooftop lounge. It was designed by Antonio Citterio and Patricia Viel Partners.