News
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.
Economy Watch: U.S. Senate Passes Financial Reform
Now the matter goes to a House-Senate conference committee to reconcile the two versions. The U.S. House passed its version late last year.
Corporex Breaks Ground on $80M Fitzsimons Village Hotel-Office Complex
Phase one of the 32-acre mixed-use development will entail a Class A six-story 160,000-square-foot office building with 16,000 square feet of ground-floor retail, as well as a 153-room Marriott Springhill Suites hotel and structured parking.
COPT Prepares to Begin Office Project Near Expanding Military Base in Northern Virginia
The Columbia, Md.-based REIT plans to begin the project, which can be developed up to 980,000 square feet, with the construction of a 240,000-square-foot office building that will accommodate impending demand from consequences of the U.S. Department of Defense’s 2005 Base Realignment and Closure process.
Recap Promotes Trehubenko, Smith
Effective July 31, current president Todd Trehubenko will become CEO and founder and current CEO David Smith will take on the role of chairman.