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Posts from CIJ Europe.com for 01/09/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 01/09/2017

Jörg Heinrich appointed new Head of Retail and Centre Management at Strabag

Jan 09, 2017 12:00 pm
Strabag PFS has appointed Jörg Heinrich, a property manager with many years of experience in the management of retail real estate. Heinrich (45), who trained as a retail salesman, has been in charge of the new centre of competence for Retail and Centre Management within the Group since 1 January 2017. Together with Sales Manager Detlef Kalthoff and Division Manager Norbert...
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CA Immo sells office project in prime Berlin location

Jan 09, 2017 11:51 am
CA Immo has sold its latest development project, the planned cube office building adjacent to Berlin’s main station, to a large institutional funds manager. The 18,500 sqm standalone building being constructed in a prominent location in the Europacity district and will be built and let on behalf of the investor by CA Immo. An agreement was made not to disclose the purchase...
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Hungarian unemployment rate drops to 4.5%

Jan 09, 2017 11:36 am
The Hungarian unemployment rate dropped by 1.7 percent y-o-y to 4.5 percent between September and November, according to the Central Statistical Office. The unemployment rate among men between the ages of 15 to 74 decreased by 1.7 percent to 4.4 percent, while the rate among women in the same age group also fell by 1.7 percent to 4.6 percent. The average duration of...
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Millstone Developments has two projects planned for Bucharest

Jan 09, 2017 11:35 am
Millstone Developments is set to break ground on two new real estate projects in Bucharest this year. Flanders Fields Residences will go up by the Grivita lake and will include 44 units in three buildings totaling 4,400 sqm in the first phase. The second project, Skybox, will go up near the Otopeni airport, offering ​​5,000 sqm of offices on two levels. Millstone...
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Skanska starts flat sales at Port Karolína in Prague 8

Jan 09, 2017 11:33 am
launched flat sales for the first phase of its residential project Port Karolína in Prague 8-Karlín. The project will offer a total of 580 flats in several seven-story apartment buildings that will be built in four phases. The first phase will add 147 one- to five-room units (30 to 168 sqm) to the market. Naďa Ptáčková, general director of Skanska Reality, says that nearly...
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Martinsa Fadesa assets worth €56.7m hit Spanish market

Jan 09, 2017 11:33 am
Martinsa Fadesa’s bankruptcy administrators have put a batch of assets on the Spanish market up for sale for a combined price of €56.7m. The assets include plots, homes as well as developments under construction and are located mainly in Madrid, Valencia, Málaga and Fuerteventura. The largest asset, the Atalaya Dorada plot located in the municipality of La Oliva, is on sale...
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Janků plans 5 ha development in Prague-Holešovice

Jan 09, 2017 11:31 am
Milan Janků, former head of the bankrupt ECM, is preparing a vast re-development of a brownfield area stretching between the Holešovice railway station and the Vltava river in Prague 7. His new company, Geone, is working on a mixed-use project across 5 ha of land that will offer flats and offices. The investment, including a marina for boats and river trams with an...
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Romanian unemployment rate falls to 5.7% in November

Jan 09, 2017 11:27 am
The Romanian unemployment rate fell 0.1 percent m-o-m to to 5.7 percent in November, according to the latest report published by the National Statistics Institute. The unemployment rate for men was 1.8 percent higher than for women. The number of unemployed between 15 and 74 years old fell to 521,000 people from 522,000 the previous month and 607,000 in November 2015.
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TMR to build largest roller coaster in CE in Poland

Jan 09, 2017 11:23 am
Tatry Mountain Resort (TMR) plans to build the largest roller coaster in the Central Europe region at the Slaskie Wesole Miasteczko leisure park near Chorzow in southern Poland. TMR acquired the park two years ago for €7.5m and plans to invest approximately €30m by 2020 into its modernization. The new attraction, Lech Coaster, will bite off €20m from the total. It will be...
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Ascot Properties buys 1,400 sqf of NoHo retail for $10m

Jan 06, 2017 04:47 pm
Ascot Properties has acquired a 1,400 square-foot retail cooperative at 682 Broadway in the NoHo historic district in a $10 million sale. Situated on the southeast corner of Great Jones Street and Broadway, the retail space includes 1,400 sqf on the ground floor, 400 sqf in the basement along with 50 feet of frontage. The space is currently leased long term to GNC Holdings...
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Alexander Property buys CityView in Lyndhurst, NJ for $20m

Jan 06, 2017 04:45 pm
The CityView Corporate Center in Lyndhurst, NJ has been sold to Alexander Property Holdings in a $20 million transaction. The property is located on eight acres with direct access to routes 17 and 3 at 160 Chubb Avenue. The 135,000 square foot building,which traded for just under $150 per sqf., was almost 100 percent leased at the time of the sale. The seller, Rugby Realty...
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Hobbs Brook Management hires Swinnerton as project manager

Jan 06, 2017 04:43 pm
Hobbs Brook Management has been joined by Brad J. Swinnerton as a commercial real estate construction project manager. In his new role Swinnerton will be responsible for the coordination and supervision of commercial real estate development projects, including office space renovations, tenant improvements, and property repositioning. Prior to the move, Swinnerton served as...
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Klein's expands in Virginia with Pleasant Valley Shopping Center acquisition

Jan 06, 2017 04:41 pm
An affiliate of Baltimore-based real estate developer Klein Enterprises has closed on the purchase of the Pleasant Valley Shopping Center in Winchester, Va. Located along South Pleasant Valley Road, the retail center changed hands for $15.9 million, or just under $152 per sqf. The 104,703-square-foot fully leased center is anchored by Hobby Lobby with additional national...
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Permits in place for East San Marco mixed-use scheme

Jan 06, 2017 04:38 pm
ArchCo Residential along with co-developer Jacksonville-based Whitehall Realty Partners have received building permits for their East San Marco project. The $42 million mixed use development will feature a 33,000 sqf Publix Supermarket, 13,500 sqf of retail space and 239 apartment units. Located at 1532 Atlantic Blvd., the permits allow for a parking garage for retail...
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Argentinian investor picks up strip mall near U. of Miami

Jan 06, 2017 04:34 pm
Gem Pyramind, an entity controlled by a private investor from Argentina, has picked up a two-tenant retail property along the South Dixie Highway Corridor near the University of Miami. Located at 1114 South Dixie Highway in Coral Gables, the asset changed hands for $6.4 million, trading for $1,154 per sqf. The property consists of 5,546 sqf of retail space on a 15,000 sqf...
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