Regions
Economy Watch: Apartment Markets Slowing Down
All four indexes in the NMHC’s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.
Kayser Automotive Expands Kentucky Presence
The Germany-based manufacturer plans to create 100 new jobs while investing $26 million in its Fulton County facility.
Iconic Pruneyard Center Slated for Renovation
Ellis Partners has begun a multi-phase renovation of the 27-acre mixed-use property, which the company purchased three years ago for $280 million.
Top 10 NYC Commercial Property Sales
PropertyShark compiled the top 10 sales in commercial real estate for Fourth Quarter 2016 in New York City.
Brickstar Acquires 60 KSF Office Asset in LA
Brickstar will now control an entire S. San Pedro block, including the office building at 312 E. 1st St.
Hard Rock to Open First Costa Rican Hotel
Hard Rock Papagayo is slated to open in early 2018.
Forest City Sells Bronx Retail Center for $32M
Forest City owned the property in a 51/49 percent joint venture with Madison International Realty.
Economy Watch: Global CRE Investment Forecast for Growth in ’17
Global investment volumes are forecast to rise nearly $700 billion this year, with certain U.S. markets set to be especially strong, JLL reports.
HFF Closes $108M Sale of Historic Richmond Towers
The office buildings were sold by LNR Property to Riverstone Properties.
Construction Kicks Off on Billion-Dollar Boston M-U
Bulfinch Crossing will feature six buildings, including the 1.1 million-square-foot One Congress office high-rise, as well as the tallest apartment tower in the city.