Moss & Associates finished construction of the CityPlace South Tower (pictured), a $106 million mixed-use development in West Palm Beach, Fla.The 20-story condominium tower, developed by The Related Group, offers 380 units and 40 private villas, as well as 9,300 square feet of street-level commercial and retail space.  An adjoining 8-level parking structure with 685 [...]

Preparing for the recovery of the commercial real estate industry, a joint venture called Cofinance-RiverOak Realty Partners formed with a goal of gathering “opportunistic real estate acquisitions” in the Northeast corridor from Boston to Washington.The joint venture is the combination of Cofinance Inc. of Hackensack, a subsidiary of Cofinance Group of Luxembourg, and RiverOak Investment [...]

All space has been claimed at ProLogis’ 5.9 million-square-foot Kaiser Commerce Center in Fontana, Calif., now that a third-party logistics provider has committed to a long-term lease for the last 484,000 square feet of space at the sprawling industrial property.  Consisting of nine structures built between 2002 and 2004, Kaiser Commerce Center (pictured) sits about [...]

Ten years ago, futurists were predicting that online retail would threaten the prosperity of bricks-and-mortar retail, a prognostication about as accurate as the coming of the paperless office. On the other hand, online retail–at least in the form of Amazon–has managed to do unexpectedly well in the face of the current recession. For the quarter [...]

NYLO Hotels L.LC. has announced its first franchise agreements for its urban lofts hotels at the 2009 ALIS Conference on Tuesday. The new-build projects are for full-service NYLO hotels in Chicago and New York, and for a select-service XP in Frisco, Texas, near Dallas. W. Developments L.L.C will build [...]

AT&T signed a long-term renewal for 171,386 square feet at 350 North Orleans Street in Chicago. The firm is the largest tenant in the building.Jones Lang LaSalle represented the tenant. CB Richard Ellis Inc. represented the owner, Mart Properties, a subsidiary of Vornado Realty Trust.AT&T had other available choices to consider before renewing at 350 [...]

As the financial markets and economy continue to struggle, the multi-family real estate sector remains relatively healthy. According to Marcus & Millichap Real Estate Investment Services, rental growth for multi-family properties nationwide grew 3 percent in 2008, and rental growth is expected to increase by about 1.5 percent this year. Occupancies nationwide stood at about [...]

Selling a retail property–or any property, for that matter–with a big debt attached is no simple feat in the current real estate climate, but Sperry Van Ness has managed to do just that. Acting on behalf of Stillwater Capital and partners, the real estate services firm closed the sale of the 131,900-square-foot Voice Road Plaza [...]

With the U.S. economy battered by the credit crisis and jobs continuing to evaporate, a somber mood permeates the Americas Lodging Investment Summit in San Diego. But while the recession will continue to suppress both leisure and business travel, some hotel companies see this down period as an excellent time to do business while their [...]

The latest S&P/Case-Shiller Home Price Index, which tracks housing prices in 20 major U.S. metro areas, fell 18.2 percent year-over-year in November, the largest drop since the creation of the index 21 years ago. Certain markets took the largest hits. In fact, it was a case of rounding up the usual suspects: Phoenix, [...]