Regions
Economy Watch: E-Commerce Continues Its Uphill Trek
The pace of e-commerce sales growth has steadily picked up in recent years, but will the retail channel face eventually face a plateau?
L&L Lands a Big One at Manhattan’s 425 Park Ave.
CBRE signed the hedge fund to multiple floors in the new 425 Park Ave. tower, and it’s paying quite a price.
JLL Secures $167M Sale of Indianapolis Industrial Portfolio
Biynah Industrial joined forces with Olympus Ventures on the acquisition of an eight-building industrial portfolio in Indianapolis.
Jack Daniel’s Distillery Plans $140M Nashville Expansion
Jack Daniel’s Distillery announced plans for a $140 million expansion project in Moore County, Tenn.
Officials Green Light $25M Hotel, Conference Center in Plainfield
A $25 million Embassy Suites Hotel and Conference Center proposed by Sun Cos. is coming to Plainfield, hoping to attract business travelers coming through the Indianapolis International Airport.
Mostly Manhattan
Here are NYC’s top 10 commercial deals recorded in January 2016, a list dominated by both office and retail buildings in Manhattan: #10 329-331 Canal St., Manhattan Sale price: $24,000,000 Buyer: 6 Greene Realty Owner, LLC Seller: 6 Greene Street Associates, LLC This loft building located in SoHo’s Cast Iron Historic District offers 13,500 office square footage. It was acquired by 6 Greene Street Associates LLC in 1995 for an undisclosed price. #9 522-524 Fulton St. & 526-528 Fulton St., Brooklyn Sale price: $30,000,000 Buyer: CA 522 Fulton LLC, c/o Crown Acquisitions Inc. Seller: Bldg 522 Fulton LLC…
New 255-Key Cambria Hotel & Suites Rising in Nashville
Choice Hotels International, Fillmore Capital Partners and Fillmore Hospitality team up to open a new hotel in Music City.
WoodSpring’s Signature Prototype Brand Coming to Pittsburgh
A new 124-key hotel targeted to extended-stay travelers will open under the WoodSpring Suites Signature brand in Cranberry during this year’s fourth quarter.
Nordstrom’s Future New York Store is an Eyecatcher
Retail giant Nordstrom recently unveiled the footprint and exterior design for its flagship store in Manhattan.
Economy Watch: FOMC Uncertain About Economy
The Federal Open Market Committee’s recent meeting minutes show the Fed is uncertain about what’s ahead for the U.S. economy as global economic jitters persist.