Headlines
$1B M Vegas Resort to Cater to Thriving Mid-Size Event Market
May 15, 2008
Developers of the planned $1 billion M Resort, Spa & Casino in Las Vegas recently revealed new project details designed to address the city's dearth of conference facilities that accommodate small and mid-sized meetings and events.
Yale Building Wins AIA Award
May 15, 2008
Yale University’s new Sculpture Building has been named to the American Institute of Architect's top ten green projects of 2008 list. The building, designed by architects Stephen Kieran and James Timberlake, also earned a platinum LEED certificate.
JV Formed to Develop Suburban Des Moines Retail
May 15, 2008
Capital Growth Madison Marquette of Minneapolis and DRA Properties L.L.C., an Ankeny, Iowa-based real estate company, have formed a partnership to develop about 500,000 square feet of retail space in Ankeny.
Prime Retail to Debut $300M Expansion of Orlando Shopping Center
May 14, 2008
The former Prime Outlets Orlando will emerge from its $300 million makeover as the 778,000-square-foot Prime Outlets International Orlando next week. Owner Prime Retail upgraded and expanded the property, which now holds the distinction of being the largest outlet center in the southern region and the biggest in the nation.
Allen & O’Hara Closes $73M Student Housing Bond Issue
May 14, 2008
Allen & O’Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania.
CBRE Investors Closes $2.1B Real Estate Fund
May 14, 2008
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors. Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Joliet Green Lights Mixed-Use Project
May 14, 2008
The Joliet, Ill., City Council has approved a development agreement for the Bridge Street Town Centre, a 3.5-acre mixed-use development in that city southwest of Chicago.
$2B Fund to Capitalize on Transitioning RE Market
May 13, 2008
A new private equity fund, CDC Real Estate Opportunity Fund I, has been established to capitalize on certain advantageous circumstances that may arise in the market as a result of the credit crunch.
Tenet Healthcare Plans Sale of 34 Properties Nationwide
May 13, 2008
After losing $31 million in the first quarter of the year--compared to a net income of $75 million in the first quarter of 2007--Dallas-based Tenet Healthcare Corp. today released details of its plan to sell 34 medical office buildings across the country.
Simon to Sell $1.5B in Senior Notes
May 13, 2008
In a time when borrowing can be a daunting task, even for entities with sterling credit histories, companies are turning to other means to raise the capital they need, according to industry experts.
Westcore Expands in Europe, Plans to Spend $100M
May 13, 2008
Nearly two years after entering the European market, California-based Westcore Properties said this week it is allocating $100 million of capital there to acquire, develop and operate regional airports and other commercial real estate projects associated with airports.
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