Austin Davis Reviews: 2012

Monday, December 31, 2012

How a commercial real estate buyer should handle due diligence - Smart Business Network

Smart Business NetworkHow a commercial real estate buyer should handle due diligenceSmart Business NetworkAfter signing a contract for your commercial building purchase, you begin due diligence, which is usually a 45- to 60-day period you and your broker use to inspect every possible issue, use or aspect of the property. There are a number of key areas to ...

ACL Property Managment Now Offers Advantages To Hiring A Property Manager ... - San Francisco Chronicle

ACL Property Managment Now Offers Advantages To Hiring A Property Manager ...San Francisco ChronicleNew Program Now Proves A Property Managers Strengths Could Prove Pivitol When Looking For A Residential Property Manager in the East Bay Cities of Oakland, Hayward, Castro Valley, San Leandro, Fremont, Union City, Dublin, Pleasanton, and ...and more »

Rosemont Buys 381 KSF Nashville Office Complex - Commercial Property Executive

Commercial Property ExecutiveRosemont Buys 381 KSF Nashville Office ComplexCommercial Property Executive"Relative to 2010, interest was a lot higher in 2012," Perry Gooch, a vice president with Cassidy Turley, told Commercial Property Executive. Cassidy Turley spearheaded the marketing of Lakeview Place on both occasions. "Overall market conditions had ...

Indian Residential Market to Shine Stylishly via Swarovski Brand - Commercial Property Executive (blog)

Commercial Property Executive (blog)Indian Residential Market to Shine Stylishly via Swarovski BrandCommercial Property Executive (blog)Gateway Towers I is the latest Indian property to try and dazzle luxury seekers. In attempting to do so, the luxurious residential development has associated itself with bedazzling giant Swarovski. The partnership will result in Swarovski providing ...

Retail Opportunity Investments Acquires $114M Grocery Anchored Portfolio - Commercial Property Executive

Retail Opportunity Investments Acquires $114M Grocery Anchored PortfolioCommercial Property ExecutiveThe properties were not marketed. We accessed the transaction through a long-standing relationship," said Stuart A. Tanz, Retail Opportunity Investments Corp.'s president and CEO. "The shopping centers are well located at major intersections within ...and more »

As Offline Retail Dies, Commercial Real Estate Apocalypse Looms - The Consumerist

The ConsumeristAs Offline Retail Dies, Commercial Real Estate Apocalypse LoomsThe ConsumeristAs we do more and more of our shopping while sitting on our couches in our pajamas with an Ultrabook, we're destroying a glorious American institution: the mall. Realspace retailers large and small alike have gone bankrupt and shut down or scaled back ...

U.K. Commercial Property Investment Fell 9% on Non-London Slump - Bloomberg

U.K. Commercial Property Investment Fell 9% on Non-London SlumpBloombergInvestors bought 30 billion pounds ($49 billion) of income-producing property in the U.K. this year, about 9 percent less than in 2011, according to broker Jones Lang LaSalle Inc. (JLL). London real estate deals totaled 18 billion pounds in 2012, the ...and more »

Business property values plunge in Waterbury - WTNH

Business property values plunge in WaterburyWTNH(AP) — The market value of the average business property in Waterbury has plunged 20 percent in five years and the grand value of all businesses also has dropped by one-fifth. The Republican-American reports that the value of the average business has ...Business property in city plunges Value decreases 20 percent in new revaluationWaterbury Republican Americanall 20 news articles »

Siesta Key 2012 Condo Sales Up Reports Sarasota Bay Real Estate

Sales of condominium units in the popular barrier island of Siesta Key, Sarasota County, Florida, mirror the robust growth experienced in the metro area this year, Sarasota Bay Real Estate reports. Citing figures from the property appraiser's office of the county, the full service realty firm noted that sales of 225 condos were confirmed in Siesta Key through January-November 2012, a 10 percent ...

Lehigh Valley economy turns corner in 2012

Slow recovery continues with improving real estate market Business leaders may remember 2012 as the year when the local economy finally began to turn a corner.

Amazon puts its stamp on Seattle

Two gigantic deals electrified Seattle's commercial real-estate scene in 2012.

Anna Lynch and Marc Valentine Launch Perth Commercial Property, a Boutique ... - San Francisco Chronicle

San Francisco ChronicleAnna Lynch and Marc Valentine Launch Perth Commercial Property, a Boutique ...San Francisco ChronicleReal estate agents Anna Lynch and Marc Valentine recently launched Perth Commercial Property to offer better service in the commercial real estate industry. "As both buyers and sellers of real estate, we've had extensive experience on both sides of the ...and more »

HealthLease Properties Real Estate Investment Trust Provides Q&A Update for December 2012

Sorrento Mesa Office Complex Sells for $14.1M

Lincoln Property Co. of Dallas has purchased the two-building Cornerstone Heights Corporate Center in Sorrento Mesa for $14.1 million, in a joint venture partnership with Maryland-based Artemis Real Estate Partners.

It's a tenants' market in commercial real estate - Minneapolis Star Tribune

It's a tenants' market in commercial real estateMinneapolis Star TribuneThe southwest metro area, the largest suburban office market, has seen its vacancy rate dip in 2012 to 17.2 percent from 17.7 percent in 2011, according to preliminary figures from commercial real estate firm Cushman & Wakefield/NorthMarq. Newer top ...

Reforms raised hope for directionless realty industry

New Delhi, Dec 23 (IANS) After some neglect in the past several years, the realty industry in India finally saw some reforms that had a direct and indirect impact on its fortunes and which led to the some development of the sector in 2012. The prospect of a revival looks brighter once the central bank keeps it promise of cutting interest rates to spur overall growth.

Terranova/Acadia Team on $139 Million Lincoln Road Buy

MIAMI BEACH, Fla., Dec. 20, 2012 /PRNewswire/ -- In the largest Florida retail acquisition of 2012, affiliates of Terranova Corporation and Acadia Realty Trust have acquired a $139 million, three building ...

Agree Realty Announces 2 Acquisitions

Agree Realty Announces $11,600,000 In Acquisitions

FARMINGTON HILLS, Mich., Dec. 19, 2012 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that it has acquired a LA Fitness and an AutoZone. The one-story, 42,625 square foot LA Fitness ...

Amazon to Open Fulfillment Center in DuPont Creating Hundreds of Jobs

Amazon today announced plans to open a 1 million-square-foot fulfillment center in DuPont, Washington. Amazon will create hundreds of full-time jobs with benefits at the new site.

Highland Park, Deerfield see some upgrades - Chicago Tribune

Highland Park, Deerfield see some upgradesChicago TribuneThose are among the capital improvement projects on tap for the new year — a list that also includes a long-awaited green light on Rosewood Beach redevelopment and a punch list of street, sewer and water main jobs in both towns. Highland Park's $30 ...and more »

State rejects Santa Rosa claims to Railroad Square funds - North Bay Business Journal

State rejects Santa Rosa claims to Railroad Square fundsNorth Bay Business JournalThat funds include $4 million for 93 senior-oriented housing units that would be the first phase of a $200 million-plus redevelopment of the historic cannery and train depot in Railroad Square central district. [See "City makes 11th-hour plea for ...

BOTTOM LINE: These stories were all business in 2012 - Journal Times

BOTTOM LINE: These stories were all business in 2012Journal TimesAlso, the owners of Porters of Racine, 301 Sixth St., announced a major, $5.5 million redevelopment plan. The sprawling building will be converted to 37 market-rate apartments and seven ground-floor retail spaces. Watch for construction to begin soon.and more »

Trends for 2013: Retail, hospitality construction rebound - North Bay Business Journal

North Bay Business JournalTrends for 2013: Retail, hospitality construction reboundNorth Bay Business JournalThe 123,000-square-foot open-air mall in downtown Napa is getting a $70 million redevelopment as a 156,000-square-foot "lifestyle" retail center, now called The Shops at Napa Center. The renovation, which includes new exteriors and common-area ...

LodgeNet Agrees To $60 Million Recapitalization With Global Investor Colony Capital

SIOUX FALLS, S.D., Dec. 31, 2012 /PRNewswire/ -- LodgeNet Interactive Corporation (Nasdaq: LNET) ("LodgeNet" or the "Company") today announced that it has entered into a definitive ...

Counting cranes to get a measure of economy - The Age

The AgeCounting cranes to get a measure of economyThe AgeOne of these is said to be a tender being put out by Sydney University for the $150 million redevelopment of its business school. There is also the planned upgrade of the Direct Factory Outlets at Homebush, the Sydney Cricket Ground, Macquarie shopping ...and more »

Middlesbrough town centre hotel plans revealed

MULTI-MILLION pound plans to transform a town centre eyesore into a major new hotel have been unveiled.

Gadsden commercial development improves in 2012 - Gadsden Times

Gadsden commercial development improves in 2012Gadsden TimesThe Gadsden City Council approved incentives of sales tax rebates totaling up to $10 million over 15 years, beginning after the development is 75 percent occupied. Blackwater has said it will spend $30 million on the development and projects annual ...

Caterpillar: Catalyst for a billion-dollar impact - Online Athens

Caterpillar: Catalyst for a billion-dollar impactOnline AthensIt's a prediction that could be argued is already coming true, with tax credits helping a $14 million redevelopment of the Jack R. Wells neighborhood get off the ground and new medical offices either open for business or being built up on the West ...

Mt. Moriah Hotel Sells for $1.3 Million

The 196-room Governors Inn & Suites at 2490 Mt. Moriah Road in Hickory Hill North has sold for $1.3 million to GHG Properties LLC and Jianping Zhu...

Long Island gets $60 million from NYS to fund 86 economic development projects - Examiner.com

Examiner.comLong Island gets $60 million from NYS to fund 86 economic development projectsExaminer.comLong Island has been awarded nearly $60 million in round two of the State's Regional Economic Development Councils competition, which will fund 86 projects in Nassau and Suffolk counties, Governor Andrew M. Cuomo just announced. Cuomo created the ...

CORRECTING and REPLACING Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $410.0 Million, 3.67 Percent ...

Fourth graph, first sentence of release should read: ...the Company has $466.4 million in consolidated debt and $200.9 million in unconsolidated, non-recourse debt... (sted ...the

Hotel project comes with challenges

The biggest economic roadblock for a $50-million hotel and conference center in downtown Petersburg, that would possibly be built in partnership with Virginia State University, is the university itself. A study looking at the proposed project says the d

City misses out on $14 million without Convention Center hotel

JACKSON - Many conventions won't consider Jackson without connected hotel.

Pebblebrook Hotel Trust Completes $81.0 Million, 3.69 Percent, Secured Debt Financing

Pebblebrook Hotel Trust today announced that it has successfully executed a new $81.0 million non-recourse, secured loan with PNC Bank, N.A. at a fixed annual interest rate of 3.69 percent.

Hilton hotel at KCI is sold to Los Angeles company and will get an $8 million renovation

A Los Angeles-based real estate investment and development company has purchased the Hilton Kansas City Airport hotel and is planning an $8 million renovation .

Habitat for Humanity raises $2 million from Aspen hotel furniture

Habitat for Humanity Roaring Fork grossed a record $2 million in 2012, thanks in large part to the generosity of five upper valley hotels undertaking remodels.

DiamondRock Closes $74 Million Secured Financing On The Westin Washington D.C. City Center Hotel

BETHESDA, Md., Dec. 20, 2012 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it closed on a $74 million loan secured by a mortgage on its Westin ...

Hubbell to begin $7 million redevelopment of former Mitchell Transmission ... - DesMoinesRegister.com (blog)

Hubbell to begin $7 million redevelopment of former Mitchell Transmission ...DesMoinesRegister.com (blog)Hubbell Realty will begin the $7 million redevelopment of the former Mitchell Transmission building in Des Moines' Western Gateway this month. The project, called 14Forty, will consist of 37 one- and two-bedroom market-rate apartments, 57 indoor ...

AMP LIMITED : AMP Capital Shopping Centres starts $105 million ... - 4-traders

AMP LIMITED : AMP Capital Shopping Centres starts $105 million ...4-tradersOcean Keys Shopping Centre in Perth's northern coastal region is set to become a standout shopping centre for the community with construction of a $105 million redevelopment to start in January 2013. The centre is owned by investors in the AMP Capital ...and more »

Sunday, December 30, 2012

Fayetteville area housing market sluggish while nation rebounds - Fayetteville Observer

Fayetteville area housing market sluggish while nation reboundsFayetteville ObserverThe Realtors group forecasts that U.S. sales may rise in 2013 to about 5.1 million. That's still below the more ... The program, which is free and open to the public, is 10 a.m. to noon at at the Holiday Inn Bordeaux & Convention Center. Ralph Huff, a ...and more »

Lehigh Valley economy turns corner in 2012 - Allentown Morning Call

Lehigh Valley economy turns corner in 2012Allentown Morning CallThe project expanded in 2012, going from a $158 million arena to a $272 million complex that now includes a 180-room hotel and eight-story office building anchored by a Lehigh Valley Hospital sports medicine center. It's scheduled to open in 2014 ...and more »

Rollover Analysis - December 2012 Expiry - Way2Wealth - Equity Bulls

Rollover Analysis - December 2012 Expiry - Way2WealthEquity BullsJanuary series started with low open interest positions as compared to last month. Current series started with almost 16.46 million shares (329311 contracts) as compared to 17.88 million shares (357723 contracts) last month. However, in last few ...and more »

The big local business stories of 2012 - Washington Post

The big local business stories of 2012Washington PostIn Jobs · More · Classifieds · Cars · Deals · Real Estate · Rentals · Photos .... Herndon-based GeoEye folded into its chief rival, DigitalGlobe, in a buyout agreement worth $900 million. That acquisition ... DigitalGlobe, in turn, opened its wallet to ...and more »

Business bits: Amazon has 50 job openings in Massachusetts; Deval Patrick ... - MassLive.com

MassLive.comBusiness bits: Amazon has 50 job openings in Massachusetts; Deval Patrick ...MassLive.comThe 21,348-square-foot showcase shop at 815-825 Boylston St., across from the Prudential Tower, was sold by Heritage Legacy LLC and is assessed at a modest $7.1 million. Apple's flagship store opened in 2008 and at the time it was the company's largest ...

Amazon puts its stamp on Seattle - The Columbian

Amazon puts its stamp on SeattleThe ColumbianLess than nine months later the company dropped another bombshell, announcing it was buying its leased, 1.8 million-square-foot South Lake Union headquarters campus from developer Vulcan Real Estate for $1.16 billion. Those two deals, big as they were ...and more »

Mt. Moriah Hotel Sells for $1.3 Million

The 196-room Governors Inn & Suites at 2490 Mt. Moriah Road in Hickory Hill North has sold for $1.3 million to GHG Properties LLC and Jianping Zhu...

Buffalo Niagara business: Winners, losers from 2012 - Buffalo News

Buffalo Niagara business: Winners, losers from 2012Buffalo NewsThe Albany drug research company is getting $50 million in state money through Gov. Andrew Cuomo's "Buffalo Billion" to open a $250 million drug research, development and testing center on the Buffalo Niagara Medical Campus. The center, which is ...

Shore Mall stores begin to move on; some set to relocate, others in limbo - Press of Atlantic City

Shore Mall stores begin to move on; some set to relocate, others in limboPress of Atlantic CityThe Port Washington, N.Y.-based Cedar Realty Trust, which purchased the mall in 2006 for $36.5 million, plans to demolish about 247,000 square feet of commercial space in the rear of the mall. ... Keefe expects to open at the new location the next day.

Poised for growth, Rosemont Reality wants to nurture New Mexico's young leaders - Santa Fe New Mexican.com

Poised for growth, Rosemont Reality wants to nurture New Mexico's young leadersSanta Fe New Mexican.comThis past year alone, Rosemont closed on eight commercial property buildings representing more than 2.5-million square feet, valued at $250 million. The most recent was announced Thursday — the Lakeview Place in Nashville, Tenn., with 380,963 square ...

Bradenton's antique hotel gets a face lift

The Pink Palace's $15 million makeover includes restoring the historic hotel's windows and wood frames.

CORRECTING and REPLACING Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $410.0 Million, 3.67 Percent ...

Fourth graph, first sentence of release should read: ...the Company has $466.4 million in consolidated debt and $200.9 million in unconsolidated, non-recourse debt... (sted ...the

Hotel project comes with challenges

City misses out on $14 million without Convention Center hotel

JACKSON - Many conventions won't consider Jackson without connected hotel.

Pebblebrook Hotel Trust Completes $81.0 Million, 3.69 Percent, Secured Debt Financing

Pebblebrook Hotel Trust today announced that it has successfully executed a new $81.0 million non-recourse, secured loan with PNC Bank, N.A. at a fixed annual interest rate of 3.69 percent.

Hilton hotel at KCI is sold to Los Angeles company and will get an $8 million renovation

A Los Angeles-based real estate investment and development company has purchased the Hilton Kansas City Airport hotel and is planning an $8 million renovation .

What You Get for ... $1.5 Million - New York Times

New York TimesWhat You Get for ... $1.5 MillionNew York TimesEvery month or two, galleries and studios stay open late on Friday evenings for the Art Stroll. The Atlanta University Center Consortium, a cluster of historically black colleges including Morehouse, is just west of the neighborhood; downtown is seven ...

Business Travelers in Haiti Will Have a New Marriott

Digicel, the telecommunications giant, and Marriott International recently broke ground on a $45 million hotel in Port-au-Prince, Haiti, that is to open in early 2015.

Habitat for Humanity raises $2 million from Aspen hotel furniture

Habitat for Humanity Roaring Fork grossed a record $2 million in 2012, thanks in large part to the generosity of five upper valley hotels undertaking remodels.

DiamondRock Closes $74 Million Secured Financing On The Westin Washington D.C. City Center Hotel

BETHESDA, Md., Dec. 20, 2012 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it closed on a $74 million loan secured by a mortgage on its Westin ...

York City economic development director hopes to replace DePasquale in state ... - Yorkdispatch.com

York City economic development director hopes to replace DePasquale in state ...Yorkdispatch.comSchreiber is also secretary of the Redevelopment Authority in York, a position he was appointed to in 2009. He has worked with the city since 2006 and oversees a department with more than 30 employees and a $6 million budget, according to a bio ...and more »

Redevelopment planned for New River area - Jacksonville Daily News

Redevelopment planned for New River areaJacksonville Daily NewsGreenville-based New River Commercial Center owns 4.42 acres of the shopping center, valued at $1.2 million. Most of that building space is currently leased to Onslow County to house the county's Department of Social Services. The county leases seven ...

Linden redevelopment project hits series of pit falls, costing taxpayers - The Star-Ledger - NJ.com

The Star-Ledger - NJ.comLinden redevelopment project hits series of pit falls, costing taxpayersThe Star-Ledger - NJ.com... South Wood Avenue Redevelopment project — a block of proposed apartments, restaurants and office space — the area is still a vacant parcel of land. It's been delayed, officials say, by lawsuits and economic woes. The delay has cost $2 million to ...

Somerville's downtown looking to a growing new year - MyCentralJersey.com

Somerville's downtown looking to a growing new yearMyCentralJersey.comMeanwhile, about two blocks away is a $100 million, 13.5-acre redevelopment site, where JSM and Edgewood Properties are completing a five-story story building that will include more than 100 luxury apartments, 22,600 square feet of retail space and an ...and more »

Gardner Building demolition still on hold in downtown Brockton - Enterprise News

Gardner Building demolition still on hold in downtown BrocktonEnterprise NewsTrinity Financial plans to raze the 122-year-old building at 62 Centre St. and then proceed with a $100-million redevelopment of The Enterprise block, which is bordered by Main Street, Petronelli Way and Montello and Centre streets. Plans are to ...

Editorial: Governments cannot afford to ignore alcohol abuse - The Daily Telegraph

Editorial: Governments cannot afford to ignore alcohol abuseThe Daily TelegraphTHE $30 million redevelopment of the Rundle Mall is a fine idea to keep our premier shopping strip an exciting and vibrant destination. However, this does not mean everything about the old Mall needs to be discarded. The idea of moving the much-loved ...and more »

Long Island gets $60 million from NYS to fund 86 economic development projects - Examiner.com

Redevelopment plans put jazzy 1950s ex-hospital on the terminal list

The former Cuneo Hospital building reminds me of jazz. Moreso than any other structure in the city. Like jazz, the elliptically-shaped building has a free-form energy. Curves, rectangles, solids and voids meet each other at will. The front of the building, which faces Montrose and Clarendon, looks nothing like the rear or the north sides of the structure. Yet a visual rhythm--a beat, if you ...

San Bernardino rejects $2 million claim by former finance director for redevelopment

The city of San Bernardino has rejected a claim by its former finance director for redevelopment, who alleges she was fired for reporting suspected corruption at City Hall and sought $2 million in damages.

County persuades state to accept $30 million less in redevelopment cash

The County of Orange has persuaded the state's Department of Finance to lower its demand for unused housing funds from the county's former redevelopment agency, reducing by $29.6 million the amount the county must pay.

No. 1 – The year redevelopment died

For anyone associated with municipal government, 2012 will forever be known as the year that redevelopment died.

CORTEX closes deal for $84 million Heritage warehouse rennovation - St. Louis Business Journal (blog)

CORTEX closes deal for $84 million Heritage warehouse rennovationSt. Louis Business Journal (blog)Wexford is on a very fast schedule to redevelop the property and will begin construction as soon as this week, Dubinsky said. The Heritage building will undergo an $84 million redevelopment into lab and office space and already has 84,000 square feet ...and more »

Redevelopment reverberations continue; Arcata grappling with paying $2.4 million back to state

The city of Arcata is being confronted with paying back $2.4 million in redevelopment money that is already overdue -- according to the state -- and much of which has already spent on building projects.

McDonald's Great King St restaurant upsizes

Completion of a $2 million redevelopment of the McDonald's Great King St restaurant has been welcomed both by customers and staff. read more

Hubbell to begin $7 million redevelopment of former Mitchell Transmission ... - DesMoinesRegister.com (blog)

San Diego Could Lose $41 Million Next Year Through Redevelopment, Pension Costs

The state will not allow San Diego to spend $4 million in redevelopment money on a permanent homeless shelter. It also nixed a $20 million affordable housing development and nearly $5 billion in additional projects, including cleaning up a downtown site for a potential Chargers stadium.

State challenges $24.5 million in Pinole redevelopment asset transfers

Report by state Controller John Chiang's office says properties, cash must go to redevelopment successor agency to satisfy bond debt and other obligations.

Federal housing officials grant $30 million to Tampa's Encore redevelopment project

By Richard Danielson, Times Staff Writer Thursday, December 13, 2012 TAMPA — The Encore Tampa redevelopment project north of downtown got a $30 million boost Thursday from the administration of President Barack Obama. Tampa was one of only four communities in the nation — along with Seattle, San Antonio and Cincinnati — to receive a grant from the U.S. Department of Housing and Urban Development ...

AFL-CIO Housing Investment Trust Invests $33.5 Million For Redevelopment Of Old Colony Public Housing In Boston

Continued Work on Distressed Property to Create 340 Union Construction Jobs BOSTON, Dec. 13, 2012 /PRNewswire-USNewswire/ -- The AFL-CIO Housing Investment Trust (HIT) is investing $33.5 million of union pension capital to construct 129 apartments for low-income households at Old Colony, one of Boston's largest and most distressed public housing properties. The project is expected to generate ...

AMP LIMITED : AMP Capital Shopping Centres starts $105 million ... - 4-traders

Saturday, December 29, 2012

FAM Real Estate Investment Trust Completes $58.8 Million Initial Public Offering

Hotel project comes with challenges - Progress Index

Hotel project comes with challengesProgress IndexSign Up newsletter. The biggest economic roadblock for a $50-million hotel and conference center in downtown Petersburg, that would possibly be built in partnership with Virginia State University, is the university itself. A study looking at the ...

HealthLease Properties Real Estate Investment Trust Provides Q&A Update for December 2012

Pure Industrial Real Estate Trust Announces Closing of the Over-Allotment Option

Starwood European Real Estate Finance invests in Maybourne Hotel Group

Starwood European Real Estate Finance (SEREF) and Starwood Property Trust (STWD) announced Thursday they were investing in Maybourne Hotel Group.

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Surrey Plaza for $2.3 Million

Wheeler Real Estate Investment Trust, Inc. , a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties, announced today that it has purchased Surrey Plaza, a grocery-anchored shopping center for a purchase price of approximately $2 ...

Nobel Real Estate Investment Trust announces filing of preliminary prospectus in connection with its initial public ...

Nobel Real Estate Investment Trust announces filing of preliminary prospectus in connection with its initial public offering of trust units

City's £1.7million hotel bill for homeless families - Glasgow Evening Times

Glasgow Evening TimesCity's £1.7million hotel bill for homeless familiesGlasgow Evening TimesGLASGOW spent £1.7million putting the homeless up in hotels last year as it failed to find suitable emergency accommodation for hundreds of people. Council bosses resorted to big budget chains to shelter more than 800 households, including families ...

Pure Industrial Real Estate Trust announces successful closing of two previously announced industrial portfolios for ...

Pure Industrial Real Estate Trust announces successful closing of two previously announced industrial portfolios for $108.96 million and provides corporate update

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Twin City Crossing Shopping Center for $4.5 Million

Wheeler Real Estate Investment Trust, Inc. , a company specializing in owning, acquiring, financing, developing, renovating, leasing and m

Tribe to spend millions on hotel, travel plaza - The Lawton Constitution

Tribe to spend millions on hotel, travel plazaThe Lawton ConstitutionThe $12 million development proposal includes construction of a new hotel on tribe-owned land within walking distance of the Comanche Nation Casino off Interstate 44 exit 5 in Devol. Plans include construction of a 90-room hotel that would also have ...

Hospital Staff Scheme Buys Sh290 Million Hotel - AllAfrica.com

Hospital Staff Scheme Buys Sh290 Million HotelAllAfrica.comThe Moi Teaching and Referral Hospital Staff Pension Scheme has invested Sh290 million in a new eight storey building to be opened in Eldoret town. Speaking at the scheme's AGM at the weekend, prinicipal officer Agunda Ochanda assured members that ...

Guyana opposition blocks multi-million dollar Marriott hotel - Caribbean360.com

Guyana opposition blocks multi-million dollar Marriott hotelCaribbean360.comimage Government is said to be investing US$21 million into the hotel project through its holding company, the National Industrial and Commercial Investments Limited (NICIL), that the opposition legislators contend is acting unconstitutional ...and more »

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Free-Standing Retail Property for $4.55 Million

Wheeler Real Estate Investment Trust, Inc. , a company specializing in owning, acquiring, financing, developing, renovating, leasing and m

Washington Trust Finances $1.5 Million Commercial Real Estate Project in CT

Washington Trust's Commercial Real Estate Group provided $1,548,000 in commercial mortgage financing to George C. Field. Co. for improvements on a 31- unit apartment complex locate

Downtown's $324 million hotel - Houston Chronicle (blog)

Downtown's $324 million hotelHouston Chronicle (blog)These renderings show the proposed 30-story convention center hotel proposed for a site just north of Discovery Green. The new project, for which the city approved $138 million worth of incentives last week, will be developed by Houston-based Rida ...and more »

Hotels fixing flaw that made room locks vulnerable to hackers - USA TODAY

Hotels fixing flaw that made room locks vulnerable to hackersUSA TODAYHotels fixing flaw that made room locks vulnerable to hackers: The locks on more than 1 million guestroom doors are in various stages of being repaired, following the revelation this summer that they may be vulnerable to hackers. (Photo: Brian Harkin ...and more »

City Council OKs convention center hotel deal - Houston Chronicle

City Council OKs convention center hotel dealHouston ChronicleHouston First will build a $31 million parking garage, with parking revenues covering its operations and debt service, and will be paid an annual fee for the hotel's use of the garage totaling $62 million over 50 years. That money will be split equally ...and more »

Moore plans $8 million hotel in hometown - Charleston Post Courier (subscription)

Moore plans $8 million hotel in hometownCharleston Post Courier (subscription)Shortly after donating $1 million to the music program at Claflin University in Orangeburg, South Carolina-born Wall Street financier Darla Moore turned her sights on improving her Pee Dee hometown. Moore and local officials in Lake City last week ...

$31 million hotel to open in Craigieburn - Hume Leader

Hume Leader$31 million hotel to open in CraigieburnHume LeaderLocated on the corner of Aitken and Grand boulevards, the $31 million entertainment complex will boast a 390-seat restaurant and dining area, sports bar and gaming rooms, function rooms, and a lounge. Designed to be a family-friendly entertainment ...

New homes spring up in old neighborhood near downtown - Waterloo Cedar Falls Courier

New homes spring up in old neighborhood near downtownWaterloo Cedar Falls CourierThe most visible activity in the area is the $7 million River Trail Development, a 72-unit rental housing project on the east banks of the Cedar River from the Union Pacific Railroad tracks near the University of Northern Iowa's Center for Urban ...

Downtown Indy's next development boom: apartments - Indianapolis Star

Downtown Indy's next development boom: apartmentsIndianapolis StarDowntown's active development scene of the past few years was stoked by several big public-sector projects, including the $720 million Lucas Oil Stadium and the near-doubling of the Indiana Convention Center, plus the $450 million Marriott Place hotel ...

Editorial: Governments cannot afford to ignore alcohol abuse - NEWS.com.au

NEWS.com.auEditorial: Governments cannot afford to ignore alcohol abuseNEWS.com.auTHE $30 million redevelopment of the Rundle Mall is a fine idea to keep our premier shopping strip an exciting and vibrant destination. However, this does not mean everything about the old Mall needs to be discarded. The idea of moving the much-loved ...and more »

Future of Shasta Lake's senior housing development uncertain - Record-Searchlight

Future of Shasta Lake's senior housing development uncertainRecord-SearchlightSHASTA LAKE — The fate of an affordable senior housing complex looks grim as the California Department of Finance decided this month to keep nearly $2 million of the city's former redevelopment agency funds that were set aside for the project.and more »

Bradenton's antique hotel gets a face lift

The Pink Palace's $15 million makeover includes restoring the historic hotel's windows and wood frames.

San Diego Can Now Have Redevelopment Funds For Some Projects - KPBS

KPBSSan Diego Can Now Have Redevelopment Funds For Some ProjectsKPBSWithout that money, a domino effect would have been created in which the city would have lost as much as $15 million, he said. "Adapting to the new world of redevelopment has been very challenging for the city, and we decided to file the lawsuit to ...Oops, says state, SD can have housing moneyU-T San Diegoall 4 news articles »

CORRECTING and REPLACING Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $410.0 Million, 3.67 Percent ...

Fourth graph, first sentence of release should read: ...the Company has $466.4 million in consolidated debt and $200.9 million in unconsolidated, non-recourse debt... (sted ...the

Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $410.0 Million, 3.67 Percent, Secured Debt Financing

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust and Denihan Hospitality Group Complete $410.0 Million, 3.67 Percent, Secured Debt Financing

Morton House, Kendall Building redevelopment 'just a portion' of what's next ... - Michigan Business Review - MLive.com

Michigan Business Review - MLive.comMorton House, Kendall Building redevelopment 'just a portion' of what's next ...Michigan Business Review - MLive.comIn 2004, Rockford, a partner in MoDiv, convinced Blue Cross Blue Shield of Michigan to relocate 300 employees from the suburbs into the former Steketee's building, a $7.5 million redevelopment investment which Blue Cross CEO Dan Loepp last year called ...and more »

San Bernardino rejects $2 million claim by former finance director for ... - San Bernardino Sun

Press-EnterpriseSan Bernardino rejects $2 million claim by former finance director for ...San Bernardino SunThe city of San Bernardino has rejected a claim by its former finance director for redevelopment, who alleges she was fired for reporting suspected corruption at City Hall and sought $2 million in damages. Lori Tillery alleged in her claim, filed on Nov.2012: A year in San Bernardino CountyContra Costa Timesall 12 news articles »

Hotel project comes with challenges

City misses out on $14 million without Convention Center hotel

JACKSON - Many conventions won't consider Jackson without connected hotel.

Pebblebrook Hotel Trust Completes $81.0 Million, 3.69 Percent, Secured Debt Financing

Pebblebrook Hotel Trust today announced that it has successfully executed a new $81.0 million non-recourse, secured loan with PNC Bank, N.A. at a fixed annual interest rate of 3.69 percent.

Hilton hotel at KCI is sold to Los Angeles company and will get an $8 million renovation

A Los Angeles-based real estate investment and development company has purchased the Hilton Kansas City Airport hotel and is planning an $8 million renovation .

In Transit Blog: Business Travelers in Haiti Will Have a New Marriott

Digicel, the telecommunications giant, and Marriott International recently broke ground on a $45 million hotel in Port-au-Prince, Haiti, that is to open in early 2015.

CORTEX closes deal for $84 million Heritage warehouse rennovation - St. Louis Business Journal (blog)

Business Travelers in Haiti Will Have a New Marriott

Digicel, the telecommunications giant, and Marriott International recently broke ground on a $45 million hotel in Port-au-Prince, Haiti, that is to open in early 2015.

Expedia to Buy Majority of Trivago for EUR477 Million

Expedia Inc. (EXPE) agreed to buy a majority stake in travel metasearch engine trivago for about EUR477 million, expanding the Internet travel agent's exposure in Europe.

Hubbell to begin $7 million redevelopment of former Mitchell Transmission ... - DesMoinesRegister.com (blog)

AMP LIMITED : AMP Capital Shopping Centres starts $105 million ... - 4-traders

Friday, December 28, 2012

Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton Rebranding - Commercial Property Executive (blog)

Driftwood Hospitality Buys Hyatt Regency Tampa, Plans Hilton RebrandingCommercial Property Executive (blog)The acquisition marks Driftwood's re-entry to the Tampa market; "We are excited to return to the Tampa market and believe this property is poised for success with terrific core offerings and a central location that appeals to business and leisure ...

Residential down, commercial up in newest property assessments - The Herald-Mail

Baltimore SunResidential down, commercial up in newest property assessmentsThe Herald-MailResidential property values in one-third of Washington County have dropped an average of 10.5 percent in three years, new state assessments show. Three years ago, the average decrease in the same territory was more than twice as large — 22 percent.Home values still lower than in 2009So Md Newsall 4 news articles »

January – Briefs/Leasing & Management - Commercial Property Executive (blog)

January – Briefs/Leasing & ManagementCommercial Property Executive (blog)Imperial Oil Ltd., an ExxonMobil subsidiary, will move its headquarters from the city's central business district to the new development in two phases beginning in 2014, with full occupancy slated for 2016. The deal was negotiated by Jones Lang LaSalle ...

January – Briefs/People - Commercial Property Executive (blog)

January – Briefs/PeopleCommercial Property Executive (blog)The office will be managed by Alan Pekarcik and Daniel Vittone, longtime players in California commercial real estate who joined the firm from Voit. Combined, the two industry experts have completed industrial and office investment sales and user ...

Emergent BioSolutions Secures Exclusive U.S. Commercial Rights to Next Generation Pandemic Influenza Vaccine Candidate

Emergent BioSolutions Inc. announced today that it has signed a license agreement with VaxInnate Corporation under which Emergent acquired the exclusive right to manufacture and sell VaxInnate's pandemic influenza vaccine candidate in the United States.

Anna Lynch and Marc Valentine Launch Perth Commercial Property, a Boutique ... - San Francisco Chronicle

Anna Lynch and Marc Valentine Launch Perth Commercial Property, a Boutique Real Estate Agency

Perth Commercial Property launches to provide top-notch customer service to commercial real estate clients.Perth, Au (PRWEB) December 28, 2012 Real estate agents Anna Lynch and Marc Valentine recently launched Perth Commercial Property to offer better service in the commercial real estate industry. "As both buyers and sellers of real estate, we've had extensive experience on both sides of the ...

A look back at commercial real estate in 2012 - The Tennessean

A look back at commercial real estate in 2012The TennesseanThough somewhat of a mixed bag, 2012 was a good year for Nashville's commercial real estate industry. The apartment market performed exceptionally well, with construction begun on many new projects in the past year. The retail sector, except for select ...

Call for Submissions: Distinguished Achievement Awards - Commercial Property Executive (blog)

Commercial Property Executive (blog)Call for Submissions: Distinguished Achievement AwardsCommercial Property Executive (blog)The awards program, now in its third year, recognizes the commercial real estate industry's most noteworthy properties and transactions. The winners will be selected by a panel of judges representing expertise across commercial real estate disciplines.

$78M Refinancing Deal Secured for M-U West Hollywood Property - Commercial Property Executive (blog)

Commercial Property Executive (blog)$78M Refinancing Deal Secured for M-U West Hollywood PropertyCommercial Property Executive (blog)With the assistance of commercial real estate and capital markets services provider HFF, Broadreach Capital Partners landed a $78 million loan to refinance existing debt on the 178,000-square-foot mixed-use destination along the Sunset Strip. The ...and more »

Laurus Corp. Acquires Two Hilton Airport Hotels in One Week - Commercial Property Executive (blog)

Commercial Property Executive (blog)Laurus Corp. Acquires Two Hilton Airport Hotels in One WeekCommercial Property Executive (blog)The firm's sixth acquisition was a three-story, Class A office building in the Southpointe Business Park near Pittsburgh that was purchased in September. "This is Laurus' second closing on a Hilton property in the past week and completes our sixth ...and more »

Rob Hamilton to sell £16m Instant Offices stake

A former commercial property agent is poised to receive a multi-million pound cash windfall after agreeing to sell a stake in Instant Offices to a private equity firm.

Setters: Relief available for some Somerset taxpayers

Local residential and commercial property owners could experience sticker shock when they open their 2013 tax bills, set to be mailed on Dec. 31, but some may be able to take advantage of available tax relief.

Acton board sets tax rate

Selectmen faced their annual duty to determine the percentages of tax levy to be paid by both residential and commercial property classes.

It's a tenants' market in commercial real estate - Minneapolis Star Tribune

Privately Held Real Estate Firm Fortis Commercial Advisors Announces Six Commercial Property Closings

Las Vegas commercial real estate brokerage firm Fortis Commercial Advisors closes six commercial properties in 10 days.Las Vegas, NV (PRWEB) December 19, 2012 Privately owned Las Vegas commercial real estate brokerage firm Fortis Commercial Advisors celebrated six successful commercial property closings in a 10-day period in November, a timeframe unusual in the industry. The timing and pricing ...

Sampson Morris Group Selected For "25 Largest Pittsburgh-Area Commercial Property Managers"

Sampson Morris Group of Monroeville,PA, has been honored with a recognition by Pittsburgh Business Times in its selection of "25 Largest Pittsburgh-Area Commercial Property Managers."MONROEVILLE, Pa., Dec. 19, 2012 /PRNewswire-USNewswire/ -- Announcing a special recognition appearing in the March,2011 issue of Pittsburgh Business Times published by American City Business Journals,Sampson Morris ...

Large Tiburon commercial property portfolio sells

TIBURON -- Two North Bay commercial property investment companies purchased 10 downtown Tiburon buildings with 72,000 square feet of retail and office space from a major force for real estate ... Read more »

UK Lenders See More Debts Repaid, So Why Won't They Lend For Development?

The amount of money owed on commercial property has dropped, but less positively, lenders are still clamping down on spending on development. Debt held against...

Commercial properties flat

Commercial property specialists Colliers International are calling changing times in the sector, but earthquake-strengthening requirements and flat business demand are influencing many investors to take a wait-and-see attitude. read more

Health in Healthcare - Commercial Property Executive (blog)

Commercial Property Executive (blog)Health in HealthcareCommercial Property Executive (blog)Three healthcare REITs—Omega Healthcare Investors, Care Investment Trust and Senior Housing Properties Trust—provided dividend yields greater than 7 percent, with Omega Healthcare Investors leading the way at 7.59 percent. Omega Health Investors ...and more »

HealthLease Properties Real Estate Investment Trust Provides Q&A Update for December 2012

A look back at commercial real estate in 2012 - The Tennessean

A real estate tale of two cities - China Daily

China DailyA real estate tale of two citiesChina DailyThe greater Paris region is ranked the world's second largest commercial property market after New York in terms of office space available. The French capital is also a heavyweight in general economic terms, accounting for 4 percent of European GDP and ...

Call for Submissions: Distinguished Achievement Awards - Commercial Property Executive (blog)

$78M Refinancing Deal Secured for M-U West Hollywood Property - Commercial Property Executive (blog)

Laurus Corp. Acquires Two Hilton Airport Hotels in One Week - Commercial Property Executive (blog)

Steelbridge Capital, Apollo Global JV Buys Miami Office Tower - Commercial Property Executive (blog)

Commercial Property Executive (blog)Steelbridge Capital, Apollo Global JV Buys Miami Office TowerCommercial Property Executive (blog)"Office assets rarely trade in Aventura and they are a highly sought-after asset class," Jay Caplin, Steelbridge Capital's managing principal, told Commercial Property Executive. "While Aventura is technically a suburban location, the nature of the ...and more »

Sorrento Mesa Office Complex Sells for $14.1M

Assembly Square development is taking shape

The development of Assembly Square in Somerville is becoming a reality. The first phase of Assembly Row, a massive mixed-use development site, includes four buildings that will hold about 450 apartments, an AMC movie theater, and 330,000 square feet of retail space, enough for 50 to 60 stores and restaurants. The apartment buildings, AVA Somerville and Avalon at Assembly Row, are expected to ...

Insulation Innovation - Commercial Property Executive (blog)

Commercial Property Executive (blog)Insulation InnovationCommercial Property Executive (blog)As building science innovators continue devising energy-saving products and methods in the ultimate pursuit of net-zero structures, commercial property executives and their advisors have to select from myriad alternatives for each new development and ...

Landlords Have a Ball With Times Square Billboards

It's a good time to be a billboard in Times Square. One Times Square--the mostly empty office building that hosts the New Year's Eve ball drop--takes in more than $23 million a year from signage alone, according to mortgage documents.

It's a tenants' market in commercial real estate - Minneapolis Star Tribune

Linden audit shows 21 commercial properties need to pay additional sewer fees - The Flint Journal - MLive.com

The Flint Journal - MLive.comLinden audit shows 21 commercial properties need to pay additional sewer feesThe Flint Journal - MLive.comLINDEN, MI – More than 20 commercial properties in Linden will wind up paying additional fees for their sewer use. According to an audit that the city completed in the fall of its 80 commercial properties, 21 of them are required to pay for one or two ...

Reforms raised hope for directionless realty industry

Terranova/Acadia Team on $139 Million Lincoln Road Buy

Agree Realty Announces 2 Acquisitions

Agree Realty Announces $11,600,000 In Acquisitions

Silver Bay Realty Trust flat in market debut

Silver Bay Realty Trust Corp. shares are nearly flat Friday in their market debut after the company raised $245.1 million in its initial public offering of stock.

Agree Realty Announces Two Acquisitions; Portfolio Now Encompasses Over 100 Properties

FARMINGTON HILLS, Mich., Nov. 28, 2012 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that it has acquired a Big Lots store and a Dollar General Market. The 30,000 square foot Big ...

Thursday, December 27, 2012

Year in review: City experienced transition in 2012 - Clovis News Journal

Year in review: City experienced transition in 2012Clovis News JournalDavid Lansford, the first city-elected mayor in 1996, decided to challenge incumbent Mayor Gayla Brumfield, a Realtor who won the position in a five-person race after Lansford declined to seek a fourth-consecutive term. The final weeks of the election ...

Wisp Operators Look Forward To Snowy Winter - CBS Local

CBS LocalWisp Operators Look Forward To Snowy WinterCBS LocalA third of Wisp's annual revenue is generated during the week of Christmas, according to General Manager Tim Prather, but warm temperatures the past two years delayed the resort's opening and threatened to derail its bottom line. This year, Wisp was ...and more »

$4 million sale closes on Lido Key's Westway Drive - Sarasota Herald-Tribune (blog)

Sarasota Herald-Tribune (blog)$4 million sale closes on Lido Key's Westway DriveSarasota Herald-Tribune (blog)Sliding-glass doors open to a veranda with an outdoor kitchen and a pool with a Jacuzzi. The boat dock has an 8-ton lift; New Pass provides access to Sarasota Bay and the Gulf of Mexico. It came on the market in March 2011 at $5.9 million and was most ...

Commitments made in Paradise Valley resort revamp - newszap.com

Commitments made in Paradise Valley resort revampnewszap.comIn addition, Judge Hollowell is allowing the guarantee of the initial loan between Crown Realty & Development CEO and President Robert Flaxman and financier Jaime Sohachefki, which is a portion of $32 million, to go unpaid while reorganization plans ...

CashSaver Trades Hands for $3.2 Million - Memphis Daily News

CashSaver Trades Hands for $3.2 MillionMemphis Daily NewsIn other commercial real estate news, plans are under way for The Capital Grille's first Memphis and Tennessee location at the Crescent Center, according to a recent permit application with the city-county Office of Construction Code Enforcement. A $1 ...

Steve Wynn ends 2012 flying high with a new $65 million jet - Las Vegas Sun (blog)

Las Vegas Sun (blog)Steve Wynn ends 2012 flying high with a new $65 million jetLas Vegas Sun (blog)Still for sale — but not for a song: Despite a few rumors seeping out of the place that a buyer was lined up, Stirling Club at Turnberry Place is still listed for sale for $18 million on the Sotheby's International Realty website. The 3.5-acre parcel ...and more »

Federal Tax Code Uncertainty Fuels Year-End Real Estate Rush - Martha's Vineyard Gazette

Martha's Vineyard GazetteFederal Tax Code Uncertainty Fuels Year-End Real Estate RushMartha's Vineyard GazetteThe Martha's Vineyard Land Bank got an early Christmas present last week when weekly revenues spiked to just over $1 million due to a flurry of real estate transactions at year's end. Total land bank revenues for the week ending Dec. 21 were $1.09 million.and more »

Glitches cause delay in land purchase - Eagle-Tribune

Glitches cause delay in land purchaseEagle-TribuneSelectman Rosemary Connelly Smedile, who operates a local real estate firm, said the board could not negotiate the sale in public, so the board went into executive session for about a half hour. When the selectmen resumed meeting in the open, they ...

Healdsburg homes features slate and stunning views - San Francisco Chronicle

San Francisco ChronicleHealdsburg homes features slate and stunning viewsSan Francisco ChronicleThe combination of upscale amenities and stunning vistas is what makes this Healdsburg home so attractive, said listing agent Sheri Morgensen of Southeby's International Realty. "It's perched on top of western hills on a ridge area and has amazing ...

Sorrento Mesa Office Complex Sells for $14.1M

What You Get for ... $1.5 Million - New York Times

Assembly Square development is taking shape

Landlords Have a Ball With Times Square Billboards

Reforms raised hope for directionless realty industry

St. Regis Bal Harbour condo sales spur boom in N.E. Miami-Dade

Strong condo sales topping $750 million in year one at the newly opened St. Regis Bal Harbour Resort & Residences are spurring a development boom in Bal Harbour and the neighboring barrier island cities of Surfside and Bay Harbor Islands in Northeast Miami-Dade County.

Terranova/Acadia Team on $139 Million Lincoln Road Buy

Agree Realty Announces 2 Acquisitions

Agree Realty Announces $11,600,000 In Acquisitions

Silver Bay Realty Trust flat in market debut

Silver Bay Realty Trust Corp. shares are nearly flat Friday in their market debut after the company raised $245.1 million in its initial public offering of stock.

Agree Realty Announces Two Acquisitions; Portfolio Now Encompasses Over 100 Properties

Skyline to acquire strategic retail and land development interest in Blue Mountain Village

$20 million acquisition will include option to expand iconic resort villageTORONTO, Dec. 27, 2012 /CNW/ - Skyline International Development Inc. will soon add another jewel to its resort property crown.Skyline, ...

Ground Breaks on Marriott Hotel in Haiti

Digicel Group will design and build the 175-key Port-au-Prince property.

Concord, NH - Arbor Commercial Funding places 8 loans totaling $20.019 million - New England Real Estate Journal Online

Concord, NH - Arbor Commercial Funding places 8 loans totaling $20.019 millionNew England Real Estate Journal OnlineConcord, NH Arbor Commercial Funding, LLC recently funded of eight loans totaling $20.019 million across New England under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan and Fannie Mae DUS ARM 7-6 ...

RLJ Lodging Trust Announces the Opening of Hotel Indigo New Orleans Garden District

RLJ Lodging Trust today announced that it has opened its Hotel Indigo New Orleans Garden District . With the opening of this hotel, the Com

Vulcan Real Estate Debates Multifamily Developments as Project Pipeline ... - Commercial Property Executive (blog)

Vulcan Real Estate Debates Multifamily Developments as Project Pipeline ...Commercial Property Executive (blog)Vulcan Real Estate Debates Multifamily Developments as Project Pipeline Grows Longer. By Alex Girda, Associate Editor. With all the real estate talk of the town focused on Amazon.com's endeavors, the commercial market has been getting plenty of attention.

Slow but steady the forecast for real estate - Kansas.com

Kansas.comSlow but steady the forecast for real estateKansas.comNew apartment projects and rebounding area home sales were the highlights of the residential real estate sector in 2012, while industrial parks and spec buildings dominated the commercial real estate sector. Through November, new and existing home ...and more »

Commercial real estate facing office densification, taxes in 2013 - San Diego Source (subscription)

Commercial real estate facing office densification, taxes in 2013San Diego Source (subscription)Commercial real estate always has been an industry with proverbial hills and valleys. But the past several years, the hills have been higher, and the valleys have been lower than they have been in many decades. As we enter a new year, Commercial Real ...

Laurus Corporation Acquires Hilton Hotel in Kansas City

LOS ANGELES, Dec. 26, 2012 /PRNewswire/ -- Laurus Corporation , a U.S.-based private real estate investment and development firm, announced that it has acquired the Hilton Kansas City Airport hotel in ...

Curbed Awards '12 Real Estate: Shitshows, Shockers & More! - Curbed NY

Curbed NYCurbed Awards '12 Real Estate: Shitshows, Shockers & More!Curbed NY2010_12_draper.jpg Awarded to the commercial real estate deal that made us briefly care about commercial real estate. Hudson Yards picked up a tentative commitment for a $400 million loan—a pittance considered against the project's ultimate costs, but ...and more »

In Transit Blog: Business Travelers in Haiti Will Have a New Marriott

Digicel, the telecommunications giant, and Marriott International recently broke ground on a $45 million hotel in Port-au-Prince, Haiti, that is to open in early 2015.

It's a tenants' market in commercial real estate - Minneapolis Star Tribune

Holiday Giving, Commercial Real Estate Style - Commercial Observer

Holiday Giving, Commercial Real Estate StyleCommercial ObserverThe holiday season and the sense of community it can evoke is sometimes enough to pry even the most voracious macher's focus away from the all-consuming adventure of buying, selling and leasing square footage for retail and office use. This year, firms ...and more »

Business Travelers in Haiti Will Have a New Marriott

Digicel, the telecommunications giant, and Marriott International recently broke ground on a $45 million hotel in Port-au-Prince, Haiti, that is to open in early 2015.

Nick J. Romito - New York Times

Nick J. RomitoNew York TimesMr. Romito, 30, is the founder and chief executive of View the Space, a new real estate technology business that creates online video tours, primarily of office space, and provides data-tracking services to commercial real estate companies, among them ...

Habitat for Humanity raises $2 million from Aspen hotel furniture

Habitat for Humanity Roaring Fork grossed a record $2 million in 2012, thanks in large part to the generosity of five upper valley hotels undertaking remodels.

RIVERSIDE: Commercial real estate association helps food bank - Press-Enterprise

Press-EnterpriseRIVERSIDE: Commercial real estate association helps food bankPress-EnterpriseOn Dec. 4, 2012 members of National Commercial Real Estate Development Association Inland Empire donated $5,000 to Second Harvest Food Bank in Riverside to cover the cost of 40,000 meals, which will ensure that hundreds of inland families in need ...and more »

Hotel overnights up 2%

Hotel overnights totaled 20.6 million in January-November 2012, 2% more than in the corresponding period of 2011.

Commercial real estate delinquency dips - ABQ Journal

ABQ JournalCommercial real estate delinquency dipsABQ JournalDelinquency rates for commercial real estate loans continued an overall modest decline in the third quarter, although the sector continues to feel the drag of sluggish economic growth, high unemployment and anticipated tax increases. The 90-plus-day ...

DiamondRock Closes $74 Million Secured Financing On The Westin Washington D.C. City Center Hotel

BETHESDA, Md., Dec. 20, 2012 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it closed on a $74 million loan secured by a mortgage on its Westin ...

Site 'deserves better' than hotel design

Dunedin deserves better than the design of a 28-storey, $100 million hotel being suggested for the city's waterfront, a heritage building owner says. read more

Wednesday, December 26, 2012

Joplin City Council to consider TIF plan at special meeting Friday - Joplin Globe

Joplin City Council to consider TIF plan at special meeting FridayJoplin GlobeDavid Wallace, chief executive officer of Wallace-Bajjali Development Partners, the city's contracted master developer, has said the district would capture $57 million in tax revenues that would be used to secure bond indebtedness to help finance some ...

2012 a year of ups and downs for Norwich Hospital property - Norwich Bulletin

2012 a year of ups and downs for Norwich Hospital propertyNorwich BulletinTaxpayers rejected an $8 million package negotiated with the state Department of Economic and Community Development 319-261 on Nov. 27 amid acrimony over Board of Finance actions. The board declined to endorse the measure and four of the six ...

County and State Resolve $29 Million Dispute Over Housing Funds - VoiceofOC

County and State Resolve $29 Million Dispute Over Housing FundsVoiceofOCThe California Department of Finance is reducing -- by $29.4 million -- the amount of redevelopment funds that it is demanding Orange County redistribute to other local governments in the wake of the state's dismantling of redevelopment agencies. The ...TEMECULA: State ruling blocks $4M affordable housing grantNorth County TimesSecond review of city's RDA assets availableUkiah Daily Journalall 3 news articles »

No. 1 – The year redevelopment died - Pomerado Newspaper Group

No. 1 – The year redevelopment diedPomerado Newspaper GroupAbout $2.5 million of those Poway Redevelopment Agency (RDA) funds had been used to pay administrative costs associated with running the local agency. As a direct result, five positions were eliminated at City Hall. • The death of the local RDA means ...City clears last main hurdle in closing out its RDAWillits Newsall 2 news articles »

CORTEX closes deal for $84 million Heritage warehouse rennovation - St. Louis Business Journal (blog)

Investors Real Estate Trust (IRET) Ex-Dividend Date Scheduled for December 28, 2012

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Surrey Plaza for $2.3 Million

Aurora wants more development near Chicago Premium Outlets - Chicago Daily Herald

Aurora wants more development near Chicago Premium OutletsChicago Daily HeraldUp to $16 million will be transferred into the larger redevelopment area west of the outlet mall, and up to $5 million will go into the smaller area on its eastern border. "It's a great start because usually when you start up a TIF, one of your biggest ...

Marymount University weighs Ballston redevelopment - Washington Business Journal (blog)

Marymount University weighs Ballston redevelopmentWashington Business Journal (blog)Marymount University is planning to tear down the so-called Blue Goose in Ballston as part of a multimillion-dollar redevelopment to include new residential and office buildings. University President Matt Shank said Marymount wants to improve its image ...

Nobel Real Estate Investment Trust announces filing of preliminary prospectus in connection with its initial public ...

Nobel Real Estate Investment Trust announces filing of preliminary prospectus in connection with its initial public offering of trust units

Washington Real Estate Investment Trust Completes Sale of Plumtree Professional Center for $8.75 Million

Washington Real Estate Investment Trust has completed the sale of Plumtree Professional Center, a 33,000 square foot medical office building in Bel Air, Maryland

BTB Real Estate Investment Trust announces closing of $20 million issue of units

Pure Industrial Real Estate Trust announces successful closing of two previously announced industrial portfolios for ...

Pure Industrial Real Estate Trust announces successful closing of two previously announced industrial portfolios for $108.96 million and provides corporate update

NorthWest Healthcare Properties Real Estate Investment Trust Announces Completion of Acquisition of Quebec Government ...

NorthWest Healthcare Properties Real Estate Investment Trust Announces Completion of Acquisition of Quebec Government Healthcare Administration Building

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Twin City Crossing Shopping Center for $4.5 Million

Wheeler Real Estate Investment Trust, Inc. , a company specializing in owning, acquiring, financing, developing, renovating, leasing and m

Hubbell to begin $7 million redevelopment of former Mitchell Transmission ... - DesMoinesRegister.com (blog)

Wheeler Real Estate Investment Trust, Inc. Announces Acquisition of Free-Standing Retail Property for $4.55 Million

Wheeler Real Estate Investment Trust, Inc. , a company specializing in owning, acquiring, financing, developing, renovating, leasing and m

Washington Trust Finances $1.5 Million Commercial Real Estate Project in CT

Washington Trust's Commercial Real Estate Group provided $1,548,000 in commercial mortgage financing to George C. Field. Co. for improvements on a 31- unit apartment complex locate

AMP LIMITED : AMP Capital Shopping Centres starts $105 million ... - 4-traders

Watt Properties finishes $20 million redevelopment of Edinger Plaza in ... - OC Metro

Watt Properties finishes $20 million redevelopment of Edinger Plaza in ...OC MetroWatt Properties has completed its $20 million renovation of the Edinger Plaza shopping mall in Huntington Beach. The project included facelifts to storefronts and facades and structural expansions to existing properties. With construction complete, the ...