Property Owner

The word that Rob Click uses to describe Columbus is “resilient.”

It’s hard to argue with that choice. And Click should know:  As senior managing director of the Columbus office of CB Richard Ellis, Click has watched as Columbus has not only survived the gloomy days of the Great Recession but has shown definite signs of life now that the economy, still sluggish as it is, has entered a modest recovery.

“Columbus has a lot going for it,” Click said. “It has a lot that insulates it a bit from down times. No market is recession-proof. We saw that during this most recent recession. Everyone took a hit. But Columbus

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Ireo, the private equity fund dedicated to the Indian real estate sector, has announced the launch of its new integrated township project “IREO – Fiveriver”. Spread over a sprawling 200 acres, the project is located in Panchkula, on the outskirts of Chandigarh.

Ireo Fiveriver has a unique mix of recreational and wellness facilities catering to multiple ages and tastes. These include multiple wellness and fitness themed parks, special picnic zones, and a central retail and shopping hub. One of the attractions is an exclusive community club house spread over three acres with a wide choice of recreational activities like swimming pool, tennis and badminton courts and various other outdoor and indoor sports activities along with dinning and amphitheater facilities.

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NAIOP, the Commercial Real Estate Development Association, has named CenterPoint Properties as 2011 Developer of the Year.

CenterPoint is the largest owner and developer of industrial real estate in metropolitan Chicago, acquiring, developing or selling nearly $1 billion of industrial property annually. With its affiliates, it owns and manages 34.1 million+ square feet for 260+ customers.  Unique in its infrastructure and transportation-related development, and the only company in the nation to develop an intermodal logistics center in its entirety, CenterPoint is developing several large-scale, public/private partnership developments in key markets.

“CenterPoint’s position as an industry leader is evidenced by its ability to outperform in any real estate cycle,” said Thomas Bisacquino, NAIOP president and CEO, in a release. “Cente

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Fingers are now being raised at acquisition of 8,700 acres, spanning 18 villages in Ghaziabad, for a “hi-tech city” even as the Uttar Pradesh government faces flak for acquiring agricultural land for private builders in Greater Noida. This time, the land being acquired is for a modern township, the licence for which had been granted by the Ghaziabad Development Authority (GDA) to the Uppal Chadha and Sun City groups.

The 8,700 acres comprise land owned by farmers and the government. The government land, also called community land or Gram Sabha land, is controlled by panchayats Former GDA member, Rajendra Tyagi alleges that around 450 acres of Government land has been illegally transferred to builders by GDA for the project against the rulings of the Allahabad High Court and the Supreme Court.

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