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|  | Maxima Buys Up Hotels | The Russian management company Maxima Hotels in mid-April opened its third hotel under the Maxima brand name, Maxima Slavia, which arose from the former Slavia hotel, following Maxima Hotels having taken ownership of it. The amount of the deal and volume of investment in the hotel’s reconstruction have not been disclosed. / Source: Commercial Real Estate
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|  | Fire at the Ducat Place III | On April 6, a fire ravaged the building Ducat Place, located at 6 ul. Gasheka in the center of Moscow. The firemen involved in the case reported that the alarm went off at 14:08. The fire began on the second floor of the Ducat and subsequently rose up the building. As a result, around 300 sqm of the roof caught on fire and collapsed. / Source: Commercial Real Estate
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|  | Office Shortage Anticipated until 2010 | Growth in lease rates for office real estate are not expected to stabilize sooner than 2010, as forecasted by Cushman & Wakefield Stiles & Riabokobylko at a presentation dedicated to reviewing the major trends and development prospects on the office real estate market in Moscow and the regions. / Source: Commercial Real Estate
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|  | MIAN Takes a Break | MIAN has announced a new direction for the company: Entertainment Operator (EO). Accordingly, MIAN will develop entertainment complexes and restaurants, and Sergei Kalinovky, will manage the points of interest. / Source: Commercial Real Estate
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|  | All Roads Lead to Mytischi | Shortly in Mytischi a 125,000-sqm mixed-use complex will appear. Praedium is the exclusive project consultant, while the owner and developer of the project is a little-known company on the market with a catchy name, Stroiotryad #6, which has obviously been established specifically for this facility. / Source: Commercial Real Estate
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|  | Prime City Properties joins AEB | Prime City Properties has joined the Association of European Business in the Russian Federation (AEB), which is designed to promote the interests of European companies, improve the business and trading climate in the Russia, and likewise facilitate integration and partnerships between Russia and the European Union. / Source: Commercial Real Estate
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|  | CRE Awards 2007: The First Round is in the Bag | The final list of nominees for the Commercial Real Estate Awards 2007 has been determined. Indeed, from March 5-21, a jury used a 10-point scale to evaluate commercial real estate facilities online, basing their selections on detailed descriptions of the nominated facilities, photos, floor plans and land plots. / Source: Commercial Real Estate
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|  | The Fever Breaks | The period of chaotic construction on the Russian retail real estate market has passed, given that shopping centers are being constructed today for long-term and proper use, thus necessitating thorough concept development and intelligent completion as well as the professional management of a finished building. / Source: Commercial Real Estate
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