Regions
W Hotels to Open First US Alpine Resort
Sky Hotel will be transformed into W Aspen, an 88-key property featuring six suites and 11 branded residences. The redevelopment marks the brand’s first alpine destination resort.
Innovation Park at Penn State Expands
The new office building and research center will be located within Innovation Park at Penn State, a 1.4 million-square-foot development with 1 million square feet of space already completed.
Forest City Launches 4 MSF Denver Mixed-Use Development
Newmark Knight Frank will handle marketing and leasing of the first phase, which will include a 190,000-square-foot Class A office building, a 300-unit multifamily community, a 120-unit condominium project and 60,000 square feet of retail space.
CBRE to Lease Suburban Philly Office Asset
The 180,000-square-foot One Plymouth—which was constructed in 1969 and is located within Plymouth Meeting Mall Campus—is set to undergo a complete makeover.
NYC Towers to Undergo Ambitious Upgrades
The buildings completed in the 1920s and 30s total 1.1 million square feet and sit not far from the massive Hudson Yards development.
Amazon Brings 855 KSF Fulfillment Center to CT
The facility in North Haven, which will generate 1,500 full-time jobs, is upping the retail giant’s total to three sites in the state, joining those in Wallingford and Windsor.
Digital Realty, DuPont Fabros to Merge
The all-stock transaction valued at $7.6 billion paves the way for the creation of the second-largest data center REIT and the eighth-largest publicly traded REIT in the country.
Overbuilding in Richmond?
With almost 20,000 units in the pipeline—more than a third of which are under construction—the metro is at risk of overbuilding. As new stock is putting a damper on growth, Yardi Matrix expects rents to rise by 3.5 percent in 2017.
Opening of Waukegan Amazon Distribution Center on Track
The new facility bears the signature of Bridge Development Partners and is expected to be fully functional by the end of July 2017.
Copaken Secures Full Price for Kansas Flex Building
The 37,585-square-foot facility in Lenexa’s Pine Ridge Business Park sold for $4 million after being on the market for a year and a half.