News
BSB Design Extending Their Reach
In April of 2013, BSB Design announced a strategic leadership transition by naming Dan Swift, AIA, the new president and CEO of the design firm.
CPPIB and Hermes Agree to Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board (CPPIB) and UK asset manager Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a joint venture comprised of Jadwa Investment and developer CIT Group.
Shangri-La Hotels and Resorts Announces New Hotel on World’s Largest Man-Made Island
Shangri-La Hotels and Resorts recently announced it has signed a letter of intent with Dubai-based real estate developer Nakheel to manage a 290-room hotel in Dubai.
New Joint Venture Between PREI and AP3 Acquires $360 Million Worth of German Retail Assets
A new joint venture was recently set up between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, with the object of the partnership being the investment in retail properties throughout Germany.
Tokyo Office Building Sold for $172M
Union Investment Real Estate GmbH has announced the $172 million (€127 million) acquisition of a fully leased commercial building in Tokyo.
Transwestern Report Offers Outlook for Economic Recovery
In its latest report, Transwestern warns that the economy may not be growing as fast as some people think it is, and despite positive signs in the U.S. job market, there is a growing concern that the recovery is in a stall.
Economy Watch: Service Sector Revenues Mixed in Q1
The Census Bureau reported that U.S. service sector revenues increased for certain industries in the first quarter of 2014 compared with the previous quarter, such as information services, utilities and finance and insurance.
PRG Acquires Raleigh Apartment Community
PRG Real Estate has acquired Clarion Crossing Apartments in southwest Raleigh, N.C.
KTGY-designed Affordable Seniors Community Opens in Bay Area
ROEM Corporation has announced that its latest affordable seniors housing development, Camino del Rey, has been completed.
NAREE Special Report: Kelly Ranks Top 10 Issues for Real Estate
Hugh Kelly, chair of The Counselors of Real Estate, offered the organization’s annual list of the top 10 issues affecting real estate as the opening speaker for the National Association of Real Estate Editors’ 48th annual Real Estate Journalism Conference.