News
Luxury Rental Apartment Development Slated for Morristown
A luxury rental community called Latitude, to be developed by Dallas-based developer Mill Creek Residential, will soon be under construction in downtown Morristown, N.J.
Construction Could Approach 1999 Peak Levels by Year End
The multifamily sector will continue to be the darling of the commercial real estate industry throughout 2013 according to panelists on the “2013 Kick-Off Webinar for Apartment Development” hosted by Humphreys & Partners Architects.
Economy Watch: Holiday Retail Sales Up Modestly
Early indications were that retail sales during the holidays were modest, and now more data is coming in to reinforce the point.
Ireland’s First DoubleTree by Hilton Property to Open in February
Hilton Worldwide will introduce the upscale DoubleTree by Hilton brand to Ireland with the launching of a new hotel in Dublin, one of Europe’s most effervescent tourist destinations.
Circle Terminus Apartment Development Under Way
Crescent Resources LLC is beginning construction of the Circle Terminus, a $67 million apartment project on a three-acre site at the Cousins Properties’ Terminus development. The company recently finalized its purchase of the site, paving the way for the development to start.
TODAY’S DEALS: Forest City Completes $70.5M Miami Disposition
Forest City sells a $70.5 million asset in southwest Miami; Cassidy Turley secures $85 million in construction financing for a Reston, Va. trophy property; and Encore Multi-Family breaks ground on a $32 million development in Dallas.
MHN Interview: New Trends for The Michaels Development Co.
The Michaels Development Co., part of The Michaels Organization, has announced that Ava Goldman has been named the new president of the company. MHN talks to Goldman about her new role and why she’s focusing on mixed-use developments.
Dominium Promotes Owen Metz as Developer
Dominium, an apartment development and management company, announced that it has promoted Owen Metz as developer at its corporate office in Plymouth, Minn.
Sony Corp. is Auctioning off Tokyo HQ, Part of Global Initiative to Raise Capital
Marking a growing trend among large companies, Sony Corp. is now putting up for sale one of its largest real estate properties.
Fairmont Hotel Opens on Palm Jumeirah
The world’s largest manmade island, The Palm Jumeirah in Dubai, is the location of the newest Fairmont hotel, the 381-unit Fairmont The Palm.