Plans are in the works to add a 1 million-square-foot mixed-use development to the upscale Shops at La Cantera in San Antonio. No timeline or dollar amount has been associated with the project yet. The Town Center at La Cantera will be a mixed-use development on approximately 178 acres bounded by The Shops at La [...]

A decision by the owners of Madison Square Garden to renovate the 40-year-old arena rather than move it as part of the $14 billion Moynihan Station development in Manhattan may derail the project, at least temporarily.“After exploring several alternatives, it has become clear that the only viable option is a renovation,” Barry Watkins , a [...]

In the wake of some of the recent, and highly publicized business, financial and political scandals that seem to dominate the media of late, I thought it might be an opportune time to assess the value of truth in business. If you peel back the layers on most of the debacles that often transform themselves [...]

Metro-Goldwyn-Mayer Studios Inc. and Sorouh Real Estate of Abu Dhabi, United Arab Emirates, have entered into a strategic alliance to “explore the development of entertainment opportunities within Sorouh’s real estate portfolio,” according to a prepared statement.  The partnership’s first project will reportedly be “a large-scale entertainment destination.” A third partner, Rubicon Inc., is a Jordanian [...]

ProLogis said today it was leasing 670,000 square feet of roof space at a Fontana, Calif., facility to Southern California Edison (SCE), the state’s biggest electric utility, as part of the nation’s largest solar cell installation program.The area at ProLogis’ Kaiser Distribution Park will be used to install and maintain enough solar panels to provide [...]

Acting through its discretionary private equity fund Noble Hospitality Fund L.L.C., which allows for $1 billion in purchasing power, Noble Investment Group has acquired the 295-room Kansas City Marriott Country Club Plaza in Kansas City, Mo. According to Kansas City property records, DHG Kansas City Inc. was the previous owner of the Kansas City Marriott, [...]

Flying in the face of a tight new credit environment, Cleveland-based Developers Diversified Realty has in recent weeks secured a little more than $500 million in new loans and lender commitments. The total comes from various sources, including insurance companies and commercial banks.“It isn’t news that a number of financing avenues have shut down, but [...]

In a market where employers are forecast to create 23,000 jobs in 2008, REIT Douglas Emmett Inc. has acquired a 1.4 million-square-foot office portfolio consisting of six Class A buildings in the Los Angeles area for $610 million. Working out at $428 per square-foot, the portfolio is currently 88.7 percent leased. The properties acquired include [...]

Canada’s Fengate Property Management is moving to Yardi’s browser-based Voyager software, it has announced. Voyager will handle the property manager’s $2 billion mixed portfolio. Fengate properties are located throughout Ontario and in the United States. Fengate has been in the Canadian real estate management business since 1974, and began using Yardi software in 1996, when [...]

How tough will it get for the real estate capital markets before it gets better? That was the question top executives tried to answer yesterday afternoon at the Pension Real Estate Association’s spring conference in Boston. As a measure of the intense interest in the issue, the event drew close to 700 real estate [...]