News
Nearly $5B EOP Loan Balance Transferred to Special Servicing
According to Fitch Ratings, the balance on a nearly $5 billion loan on an Equity Office Properties Trust portfolio has been moved to special servicing, with “imminent default” given as the reason.
Online Service Documents Construction Process
Seeing is believing. That’s why Scott Yahraus created ConstructionPhotoDocs, an online system that documents each step of the building process.
Balfour Beatty Tapped to Build 330,000-SF NPR Headquarters in D.C.
The new NPR headquarters will be located at 1111 North Capitol St., N.E., in the city’s burgeoning NoMa neighborhood, on a site that was home to a 165,000-square-foot warehouse when the company acquired the property in 2008.
Bernard Haddigan on Retail Real Estate
CPE Radio: Bernard Haddigan, head of Marcus & Millichap Real Estate Investment Group’s national retail group, comments on upcoming changes for retailers and retail real estate as he prepares to head to ICSC’s annual Recon convention.
Economy Watch: U.S. Growth to Slow but No Double Dip
“Exactly a year ago, economists were blindsided by first quarter GDP growth data staying near half-century lows, following a London G20 conference where the D-word — depression — dominated discussions,” noted a report by the Economic Cycle Research Institute (ECRI) over the weekend. “That’s when ECRI warned publicly that the recession would end by summer.”
New on CPE Radio: Bernard Haddigan Pre-ICSC Retail Insights
CPE Radio: Bernard Haddigan, head of Marcus & Millichap Real Estate Investment Group’s national retail group, comments on upcoming changes for retailers and retail real estate as he prepares to head to ICSC’s annual Recon convention.
Las Vegas Sands Subsidiary Closes $1.75B in Financing for Cotai Strip Project in Macau
The credit markets haven’t defrosted completely, but one wouldn’t know it looking at Las Vegas Sands Corp.’s latest coup.
Leaner, More Upbeat Show in Store for RECon’s Vegas Crowds
Just like every other corner of the industry, the Super Bowl of real estate events has been reshaped by recent events.
Turner, URS Selected as Design-Build Team for Cleveland Medical Mart
Turner will serve as the design-build contractor on the project, while URS will handle the role of architect of record.
Ground Broken on $500M Mixed-Use NYC Schools Development
New facilities for P.S. 59 and the High School of Arts and Design will reside at the new development at 250 E. 57th St., which will open to students in September 2012.