Regions
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.
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.
Global Growth Trust Invests in 316-Unit Texas Community
Global Growth Trust, a real estate investment trust, has partnered with Hunt Realty Investments and Trinsic Residential Group to develop a $34.9 million Class A, garden-style apartment community in Lewisville, Texas.
MARKET SNAPSHOT: Remaining a Beacon for Job Growth, San Jose Multifamily Market Rivals That of the ’90s
As employment growth across the country continues to hold steady at around one percent per year, the San Jose job market is seeing gains of between 3 to 4 percent per year.
Economy Watch: Retail Vacancies Edge Down
Reis Inc. reported on Wednesday that the vacancy rate for regional malls declined to 8.6 percent in the fourth quarter of 2012, down from 8.7 percent in the third quarter and 8.9 percent in 4Q11.