Regions
Economy Watch: Construction Spending Edges up in October
Most of the month’s gain was in the nonresidential construction sector, as multifamily construction spending dropped in October, according to the U.S. Census Bureau’s latest report.
Laurus Corp. Unveils CO Resort After $60M Renovation
The former Vail Cascade Resort and Spa will be the first ski destination in North America to join The Luxury Collection’s portfolio.
Essendant Signs 405 KSF Lease in the Central Valley
The build-to-suit industrial lease expands the company’s local and regional fulfilment capabilities. The facility is expected to be operational by the second quarter of 2018.
New Boston Fund Sells $145M Multifamily Asset
With the help of HFF, the company sold the 21-story Tower at One Greenway to PGIM Real Estate for more than $660,000 per unit.
Downtown Seattle Office High-Rise Changes Hands
Union Investment sold the 20-story Millennium Tower, which also includes high-end condo residences. The property last traded in 2003, for $64.8 million.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
CPE’s Top 5 Articles in November
Miss out on any CPE stories in November? Here are five of our most popular articles for the month, including reports on the $8 billion mall redevelopment trend and the most expensive high streets in the world.
SIOR Names New CEO
Association and industry veteran Jim Hirt comes to the Society of Industrial and Office REALTORS after more than five years as CEO of the American Society of Appraisers.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.