Regions
365-Key Manila Gaming Resort Hotel to Be Managed By Hyatt
Integrated casino resort developer Melco Crown (Philippines) Resorts Corporation, a subsidiary of Melco Crown Entertainment Limited and Hyatt Hotels Corporation, through an affiliate, have entered into a management agreement for Hyatt City of Dreams Manila, a two-tower, 365-key hotel set to open in 2014.
Economy Watch: Private Sector Hiring Slows, Says ADP
The economy created a lot of jobs in April, and the question now is whether the upsurge will continue in May.
Greystar Acquires Riverstone
Greystar Real Estate Partners announced today that it has acquired Riverstone Residential Group, a leading manager of apartments in the United States, from London-based CAS Capital Limited, a wholly owned subsidiary of Regis Group PLC, owned by Nick and Peter Gould.
New Adams Morgan Condos Under Construction
Work is under way on The Adamo, a 34-unit condo new-construction building in the Adams Morgan neighborhood of Washington, D.C., developed by Perseus Realty. Urban Pace, a D.C.-based condo sales specialist, will begin presales of the units in September.
Eco-friendly Rental Building Now Leasing in Long Island City
Douglas Elliman Development Marketing has announced that the L+M Development project, The Pearson Court Square, which transformed a vacant Long Island City lot at 45-50 Pearson Street into a 197-unit eco-friendly luxury rental building, has launched leasing efforts.
TODAY’S DEALS: Boston Artist Live/Work Community Trades for $20M
CBRE/New England brokers the sale of an artist live/work asset; LCOR acquires a mixed-use development site in Washington, D.C.; and Prestige Group sells 16 apartment units and five garages in New Jersey.
Greystar Adds Elan to Fort Lauderdale’s Downtown District
Stiles Construction has announced the topping off of Elan 16Forty, a 261-unit luxury apartment community in downtown Fort Lauderdale.
Hoar Construction Opens Office in DC Market
Hoar Construction, a national construction company, announced the opening of its Washington, D.C., office. The local Hoar team, comprised of seasoned industry veterans, has years of experience working together in the Washington metropolitan area.
Carnegie Unveils a New Showroom Concept in Chicago’s Merchandise Mart
A new Carnegie showroom at the Merchandise Mart will debut for Neocon 2014. Situated on the 10th floor and spanning 1,800 feet this space draws its inspiration from the essence of the Carnegie brand—our love and passion for the creative process.
Economy Watch: Residential Price Increases Continue Deceleration
An indication that home-price increases are slowing down (or, to look at it positively, there’s no new housing bubble): CoreLogic reported that home prices nationwide, including distressed sales, increased 10.5 percent in April compared to the same month in 2013.