Regions
McCormick Place Event Center Breaks Ground in Chicago
Windy City officials celebrated the groundbreaking of the $164 million center, which will make up an integral part of the in-progress $841 million McCormick Place Entertainment District.
Economy Watch Weekly: Anticipated Interest Rate Hike Causes Stir
Economy editor Dees Stribling asks, “Have near-zero interest rates been bad for the health of CRE?” and offers insight on the potential economic impacts of an interest rate hike.
Feature: Two Giants Decide Against REIT Structure
Will the decision by Macy’s and McDonald’s to say “no” to the REIT structure make other execs think twice?
Trading Spaces
The numbers are in and September registered some important commercial real estate deals. PropertyShark research shows the nine figure deals were based in Manhattan, outside of the Citibank Tower in Queens, but Brooklyn boasted some hot transactions as well. Here are NYC’s top 10 commercial real estate deals recorded in September 2015. #1 575-589 Lexington Avenue, Manhattan Sale Price: $510,000,000 Buyer: Angelo Gordon & Co Lp Seller: Normandy Real Estate Partners Midtown-based investment firm, Angelo Gordon & Co closed on 575 Lex, a 624,883 SF, 35 story office tower in late August. The building, built in 1958, offers 38…
Peter Nichols Joins Forces with Marcus & Millichap
Marcus & Millichap’s National Hospitality Group has a new national director.
Troubled Hotel near Arden Fair Mall Torn Down
Sacramento Inn & Suites finally falls following problematic few years.
Former St. Louis Mills Mall Hits the Auction Block
A run-down shopping mall in the St. Louis metro area is looking for a new owner to bring it back to its former glory.
Sacramento-Area Counties Continue Correctional Facilities Revamp
Yolo County continues to access state funds as its correctional facilities require renovation.
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