Regions
Saks OFF 5TH Opens New Philadelphia Store
The off-price retail division of Saks Fifth Avenue launched a new 42,000 square-foot store in Overlook at King of Prussia shopping center.
Economy Watch: Higher Wages, More Borrowing Bode Well for Economy
The latest jobs and wage growth numbers seem to point to the U.S. economy’s continued growth, supported by a boost in consumers’ borrowing activity, according to the Bureau of Labor Statistics and the Federal Reserve.
Hilton Expands Mile-High Footprint
The 320-key hotel is situated in the Denver Tech area and offers a variety of amenities, including an 18-hole golf course, 43 meeting spaces and five restaurants.
Chicago Grocery-Anchored Shopping Center Commands $107M
Federal Realty Investment Trust likes the market area’s strong demographics and the property’s location in Lincoln Park neighborhood.
National Healthcare Realty Adds New EVP
Mike Wood will oversee all national design, construction and project management efforts for the firm’s ground-up development projects.
PhishLabs Expands Charleston Operations
The cybersecurity intelligence services provider will move its corporate headquarters into a new, 25,000-square-foot facility at the Pacific Box and Crate development, which boasts a coffee shop, open green space and a yoga studio among other amenities.
Humanetics Lands Michigan Facility
The leading supplier of crash test dummies has bought a 78,065-square-foot property in Farmington Hills, Mich., from an owner of commercial and multifamily properties.
Fuel in the Tank
In an interview with CPE, Ari Hirt, head of the Debt & Equity Finance Group at Mission Capital Advisors, a New York-based financing firm that raised $2.4 billion of debt and equity last year, explains his view on current market conditions
NYU REIT Symposium: Finding Value in Disruption
Hosted by NYU Schack, the 22nd annual REIT symposium gathered preeminent decision-makers for a spirited dialogue about the forces impacting the sector. Among the event’s headliners were Equity Group Chairman Sam Zell and Blackstone Global Head of Real Estate Jonathan Gray.
Hotel Indigo Opens in DTLA
The 350-key property is part of Greenland USA’s mixed-use Metropolis development and marks the brand’s first project in the City of Angels.