Regions
Boston’s Power
Investor and tenant demand remains healthy in the city’s multifamily market, even as rent growth decelerates after peaking in mid-2016.
Economy Watch: US Economy Turns in Sluggish First Quarter
U.S. real GDP increased only 0.7 percent in the first quarter of 2017, compared with 2.1 percent in last year’s fourth quarter. Commercial real estate investment also took a hit as lenders likely were more cautious to start off the year.
CPE’s Top 5 April Articles
Miss out on any CPE stories in April? Here are five of our most popular articles for the month, including an analysis of the industrial sector and news on Brookfield’s $855 million portfolio acquisition.
New JV Plans $870M Hotel Complex in Dubai
Schon Properties and Al Hamad Group are developing iSuites, a mixed-use project featuring a 2,550-key hotel, to support the Dubai government’s goal of attracting 20 million visitors to the city by 2020.
CBRE, NGKF Broker 18 KSF Industrial Building Deal
CBRE Senior Vice President David Prioletti closed the sale of an 18,000-square-foot industrial property on behalf of the owner, production company Video Impressions. Senior Managing Director Corey Chase of NGFK represented the buyer, food analysis laboratory Certified Laboratories Inc.
Cleveland Mixed-Use Project Lands $142M Financing
HFF secured the financing on behalf of development partners Fairmount Properties and the DiGeronimo Cos. Scheduled for completion in spring 2018, Pinecrest will offer more than 400,000 square feet of retail, restaurants and entertainment.
Largest Hotel in PNW to Debut in 2018
The downtown Seattle hotel development boom continues with the upcoming 1,260-key Hyatt Regency Seattle, which is targeted for LEED Gold certification.
West Roxbury Retail Asset Changes Hands
The four buildings, which are occupied by Party City and Lumber Liquidators, are located along VFW Parkway, between Dedham Mall and the Fisher House Boston medical center.
Baum Realty Group Brokers Sale of Chicago Retail Center
The disposition of 4600 Plaza in Harwood Heights, Ill. brought $7 million to the seller, an affiliate of Next Realty LLC.
Allentown to Harbor Tallest Building in Lehigh Valley
Five City Center will break ground in 2018 and will include a 24-story office tower, two residential buildings totaling 225 apartments and a 1.7-acre park.