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SAN DIEGO—As news comes in that the San Diego W hotel gets a $31.2-million refi, sources say that the Downtown San Diego hotel market, which includes 17,200 rooms across 80 hotels, is driven by business travelers, the Convention Center, and demand from entertainment and sporting events attendees.
MILWAUKEE—In this <B>UPDATE</B>, the Chicago-based HSA has begun to expand its efforts to remake what had been an industrial corner of suburban Wauwatosa.
PHILADELPHIA, PA–CBRE says Marcus & Millichap executives Matthew Gorman, Michael Shover, and Stephen Schrenk joined its Investment Properties/Retail division in the greater Philadelphia area, with a focus on net lease transactions. Gorman and Shover join as senior vice presidents, and Schrenk as sales associate.
CLIFTON, NJ–CBRE scored a double recently, representing Tulfra Realty II, LLC in the sale of a portfolio of two properties in Clifton, NJ. CBRE brokered the September sale of 10 Clifton Boulevard and followed it up with the closing of 200 Clifton Boulevard this month for a combined $27.3 million.
LIVINGSTON, NJ–Gebroe-Hammer says its investment brokerage activity in Northern New Jersey and Pennsylvania remained brisk in the final quarter of 2014. During the last three months of the year, the firm's area market specialists arranged sales involving 1,045 units.
ST. LOUIS—In this <B>UPDATE</B>, Brett Merz of KBS tells GlobeSt.com that the REIT finds suburban Clayton one of the most attractive submarkets in the US.
HOUSTON--Houston's office market is riding high: 2.2 million square feet of positive net absorption was recorded in the fourth quarter of 2014, bringing the year-end total to 6.8 million square feet.
NEW YORK CITY—“If the air is not cleared at some point—regardless of who is to blame—it could certainly pose a risk to the city,” former Bloomberg administration official Seth Pinsky, now with RXR Realty, tells GlobeSt.com in this EXCLUSIVE story.
NEW YORK CITY—Industry professionals responding to SelectLeaders' annual Hiring Trends Survey see more hiring, but also express misgivings about the rate of wage gains compared to workload increases.