News
Las Vegas May Be on a Losing Streak When it Comes to Housing
By Alex Girda, Associate Editor
While last week Las Vegas showed some healthy signs regarding the commercial real estate market, it may all be downhill for the housing market. It looks like Las Vegas is set on reaching a new national […]
Philly is Redevelopment Heaven
By Veronica Grecu, Associate Editor
After several years of renovation and $150 million, the redevelopment of the former Echelon Mall in Voorhees is almost complete. The site, now known as Voorhees Town Center, was bought by Pennsylvania Real Estate Investment Trust […]
Orlando Poised to Become Entertainment Hub
By Georgiana Mihaila, Associate Editor
As the city’s tourism seems to be on a path to recovery, Orlando may soon see the long-awaited renovation of its Florida Citrus Bowl stadium. Reportedly, the stadium project was delayed once the recession caused tourist […]
Good Times, Higher Occupancy Rates for Metro Detroit Hotels
By Veronica Grecu, Associate Editor
With an occupancy rate of 55.8 percent, Metro Detroit hotels had a very busy April, according to a report by STR, a Tennessee-based information company that specializes in hotel research. The average occupancy rate of 54.5 […]
Construction Begins on $137.5M Radisson Blu
Carlson Hotels, the global hospitality and travel company, and equity partner Mortenson Construction have commenced construction of the upper-upscale hotel, which will become the first lodging facility to be linked to the 4.2 million-square-foot Mall of America via skywalk.
TNP Strategic Acquires Pinehurst Square East
The 114,292-square-foot retail center was built in 2005 and is located in Bismarck, North Dakota.
Target Expands Canadian Reach
The firm has selected an initial group of sites now occupied by discount retailer Zellers Inc. In January, Zellers sold more than 200 leases to Target for approximately $1.9 billion.
Economy Watch: Case-Shiller, Consumers Down
The U.S. national home price index dropped 4.2 percent during the first quarter of 2011, which comes on the heels of a 3.6 percent decline during the fourth quarter of 2010.
New Tampa Luxury Residences Attract Suitable Retail
By Georgiana Mihaila, Associate Editor
Colonial Properties Trust recently announced that work is finally underway for a $53.8 million multi-family development in North Tampa that is soon to cover 67.5 acres of undeveloped land just south of the Hillsborough-Pasco county line. Coincidentally, […]
Economy Watch: Greece Bailouts, Pending Home Sales
It was a long holiday weekend in the United States, but across the Atlantic, Euro-bureaucrats and -bankers were at work trying to keep Greece from defaulting on its debts and thus doing some kind of unpredictable harm to the euro.