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2017-05-25  16:30
CIJ USA
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Project News

Hard Rock completes $100m expansion Tampa...

The Seminole Hard Rock Hotel & Casino in Tampa has completed a $100 million expansion with a guitar smashing ceremony. The project, which began in 2015, added more than 26,000 sqf with 500 new slot machines, 15 live-action table games and a 46-table poker room. With the recent re-opening of nearly 500 parking spaces on a surface lot and the 700 parking spaces in the Orient Road ga...
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2017-05-25  16:26
CIJ USA
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Project News

Port Everglades to undergo $437m expansion

The Broward County Commission has unanimously approved a $437.5 million expansion project for Port Everglades. The plans call for tripling its existing deepwater turn-around area, for the installation of crane rail infrastructure for new Super Post-Panamax cranes and for an expansion of the port’s turn-around area to allow for five new cargo berths and space for larger cargo ships. In...
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2017-05-25  16:22
CIJ USA
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Deals

Continental acquires $61m multifamily asset...

Continental Realty Corporation has closed on the purchase of a Raleigh, North Carolina multifamily asset in a $61 million transaction. Constructed in 2016, The Edison Lofts is a 223 unit apartment community located at 131 E. Davie Street which changed hands for just over $273,540 per unit. Sean Wood of ARA Newmark in Charlotte, North Carolina initiated the off-market transaction on be...
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2017-05-25  16:19
CIJ USA
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Appointments

Signature Acquisitions chooses CBRE for New...

Signature Acquisitions has selected the CBRE Group as the exclusive leasing and marketing agent for an eight-property office portfolio. The buildings, located in Cranford and Clark, New Jersey, take up a total of 821,000 square feet. The CBRE team of Executive Vice President Joseph J. Sarno Jr., Senior Vice President Jeremy Neuer, will oversee leasing and marketing efforts on behalf o...
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2017-05-25  16:17
CIJ USA
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Deals

Avanath/Oak Tree make $73m foray into...

Avanath Capital Management and its partner Oak Tree Management have acquired a 17 building affordable housing portfolio in Brooklyn for $73 million. The assemblage encompasses 198 units located in the neighborhoods of Prospect Heights, Crown Heights, Williamsburg and Bedford-Stuyvesant. They include 115 rent-stabilized units, 79 free-market units and four commercial spaces. Rents in t...
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2017-05-25  12:04
CIJ Journal
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Company News

Arete Invest reports CZK 92m profit in 2016

Arete Invest reported a CZK 92m profit and a 25.7-percent gross yield for its opened subfund Arete Invest CEE II in 2016. Deloitte audited the results. The fund was established in 2014 and its chairman, Lubor Svoboda, says it moved its focus to Slovakia, which offers higher yields than the booming Czech economy. In 2016, Arete sold the residential portfolio in its first Arete Invest C...
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2017-05-25  11:50
CIJ Journal
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Company News

ČSAD pushing ahead with offices at Florenc

Czech public bus transport operator ČSAD is pushing forward with plans to build an office project next to Prague’s central bus terminal in Florenc-Prague 8. The Institute for Planning and Development (IPR) and Prague 1 administrators have withdrawn their appeal against the project’s planning permit. ČSAD, which modified its design for Florenc Gate slightly to comply with the views of ...
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2017-05-25  11:40
CIJ Journal
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Company News

Binderbubi hotel in Sighisoara to be...

The five-star Binderbubi hotel in Sighisoara will be rebranded as Mercure. The property will be operated by the Orbis Hotel Group. This is the third Mercure hotel that Orbis will open in Romania. The group also has locations in Bucharest and Brasov, which is scheduled to open later this year. Orbis operates a total of seven hotels in Romania and has plans to open four more properties ...
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2017-05-25  11:20
CIJEurope.com
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Company News

Burda International Poland takes 4,000 sqm...

Burda International Poland leased 4,000 sqm at New City in Warsaw’s Służewiec district. The media and technology company will occupy the top floors of the building. Modernization work is underway to adapt the new office space to the needs of the tenant. The complex, owned by Hines Global REIT, offers 44,000 sqm in two buildings: New City and New City 2. The property includes a public ...
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2017-05-25  11:19
CIJ Journal
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Company News

Eset plans architectural contest for...

Eset is preparing to launch an international architectural contest for its new campus in Bratislava’s Patrónka district. Slovak studio a11, whose design the software giant presented in the tender to buy the site that used to house St. Michal’s hospital in Patrónka, is expected to take part in the competition. Eset won the electronic auction with a bid of €26.4m. The new campus will of...
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