News
Latin America’s Data Center Market to Experience 61% Growth Spurt by 2014
The data center real estate sector in areas across Latin America will grow by an average 61 percent by 2014, according to a recently released report by London-based international consulting firm BroadGroup.
General Growth Plans Return to NYSE
General Growth Properties is looking to get back to where it once belonged.
Cassidy Turley Officially Launches
It’s been in the works for years and now it is official: Cassidy Turley has officially launched.
Economy Watch: More Consumer Spending
According to the U.S. Department of Commerce on Monday, consumer spending ticked upward by 0.5 percent in January. The gain followed a 0.3 percent increase in December, and was more than economists expected.
Kennedy Wilson Kicks Off New Investment Platform with $342M Loan Acquisition
Plenty of firms have formed new divisions to snap up loans on distressed commercial real estate and Kennedy Wilson is among them. The Beverly Hills, Calif.-based real estate investment and services firm has made its first move for its newly created investment platform, and it’s a big one.
Marriott Plans for First Branded Hotel on U.S. Tribal Land in Arizona
Presently, there is not a single Marriott-branded hotel on tribal land in the U.S., but that is about to change. Marriott International just signed a management agreement with Salt River Devco–an enterprise of the Salt River Pima-Maricopa Indian Community–for a new Courtyard by Marriott to sit on the Pima-Maricopa land near Scottsdale, Ariz.
WP Carey Scores 386,000-SF JPMorgan Chase Office Building in Sale-Leaseback “Flip”
W. P. Carey & Co. L.L.C. has gotten its hands on a piece of the 2.9 million-square-foot office portfolio that Brookfield Real Estate Opportunity Group recently acquired from JPMorgan Chase.
Healthcare Trust Goes on $84M MOB Shopping Spree
When it comes to occupancy levels, the medical office building sector has been faring a great deal better than the traditional office market, and Healthcare Trust of America Inc. is doing its level best to enhance its portfolio at a time when many office property owners are still sitting on the sidelines.
Suffolk to Commence Building $75M Garage Facilities at New Marlins Stadium
Thanks to the City of Miami’s recent approval of the sale of $92 million in bonds, construction of parking facilities for the new $500 million Florida Marlins Stadium moves forward with Boston-based Suffolk Construction tapped by the city to oversee the $75 million project.
Economy Watch: Buffett Says Don’t Worry Too Much
What does the Oracle of Omaha now have to say about the housing market? “Within a year or so residential housing problems should largely be behind us, the exceptions being only high-value houses and those in certain localities where overbuilding was particularly egregious,” Warren Buffett noted in his letter to Bershire Hathaway shareholders on Friday.