Regions
Marina Properties Recession-Proof? CNL Lifestyle Thinks So, and Picks Up Two Chesapeake Bay-Area Assets
The Orlando-based REIT has just increased its assets in the sector with the recent acquisition of Bohemia Vista Yacht Basin and Hack’s Point Marina in Maryland’s coveted Chesapeake Bay area.
Land Deal Paves Way for Casino Hotel Project in Underserved Cambodia-Area Market
If all goes as planned, the initial phase of the gaming property will open its doors by the end of 2011.
Huge SF Apartment Complex in Default
The San Francisco Chronicle is reporting that the owner of the city’s 116-acre Parkmerced apartment complex is expected to announce that the loan on the property has fallen into default.
Equity One Makes its California Debut with $600M JV Purchase of C&C USA
There are few better ways to enhance a commercial real estate portfolio by 2.6 million square feet in one fell swoop than by acquiring a commercial real estate company, and Equity One Inc. has done just that.
Four Leases Totaling 79,500 SF Signed at Seaport Center Boston
The Beal Companies L.L.P. and Rockport Group L.L.C. inked deals with Monster.com and Verizon for 28,000 square feet each, Altran Solutions for 13,500 square feet, and Interaction Associates for 10,000 square feet.
Las Vegas Sands Subsidiary Closes $1.75B in Financing for Cotai Strip Project in Macau
The credit markets haven’t defrosted completely, but one wouldn’t know it looking at Las Vegas Sands Corp.’s latest coup.
Turner, URS Selected as Design-Build Team for Cleveland Medical Mart
Turner will serve as the design-build contractor on the project, while URS will handle the role of architect of record.
Corporex Breaks Ground on $80M Fitzsimons Village Hotel-Office Complex
Phase one of the 32-acre mixed-use development will entail a Class A six-story 160,000-square-foot office building with 16,000 square feet of ground-floor retail, as well as a 153-room Marriott Springhill Suites hotel and structured parking.
COPT Prepares to Begin Office Project Near Expanding Military Base in Northern Virginia
The Columbia, Md.-based REIT plans to begin the project, which can be developed up to 980,000 square feet, with the construction of a 240,000-square-foot office building that will accommodate impending demand from consequences of the U.S. Department of Defense’s 2005 Base Realignment and Closure process.
Manhattan Office Building Attracts 105,000 SF Nonprofit Tenant
Things are definitely looking up in the Manhattan office market.