Allison Landa
Coldwell Banker Appoints Two New Leaders
Coldwell Banker Commercial Affiliates LLC is experiencing some shifting of roles with regard to its top positions.
Storied Trump Building Leases 268,329 SF in Less Than a Year
The Trump Organization seems to have made the cut with regard to its Trump Building on Wall Street. The company has sewn up leases for 268,329 square feet in less than a year – the most, they say, of any single downtown building.
MB Real Estate Represents Regus in 29,519 SF Deal at Chicago’s Block 37
MB Real Estate said earlier this month that it represented workplace solutions company Regus in a 29,517 square-foot lease at 22 West Washington in Chicago.
Economy Watch: Walgreens Goes New York
Dearfield, Ill.-based Walgreen Co., owner and operator of over 7,100 drug stores nationwide, is buying its way into the New York City metro market in a huge way with the purchase of Duane Reade, whose presence in the Big Apple is near-ubiquitous.
Liberty Mutual to Expand in Boston with $300M Addition to HQ Campus
A behemoth new office tower is being planned for Boston’s occupancy-challenged office market, but fortunately, the entire facility has been spoken for. Liberty Mutual Group just announced it will expand its headquarters with the addition of a new $300 million office building downtown on land adjacent to its current home office.
Prepping for NYC’s Rebound, Hersha Closes Acquisition of Times Square Hotels for $165M
The U.S. hotel market has to bounce back at some point, and with the recent closing of acquisitions involving three hotels in New York City’s Times Square, Hersha Hospitality Trust has positioned itself to take advantage of the Big Apple’s impending revival.
Economy Watch: GGP Says No Thanks, Simon (For Now)
General Growth Properties hit the ball back to Simon Property Group’s side of the court on Tuesday by calling Simon’s $10 billion takeover bid a trifle low. GGP then invited other interested parties to make their own bids, and even offered to provide financial projections and data on its shopping malls to potential suitors.
GGP to Simon: $10B Offer ‘Not Sufficient’
General Growth Properties has a message for fellow mall operator Simon Property Group: Thanks, but you’ve got competition.
Simon Makes $10B Bid for GGP
As troubled shopping-mall REIT General Growth Properties struggles to regain its footing after bankruptcy reorganization, a possible buyer has emerged in the form of fellow mall owner Simon Property Group.
Economy Watch: Foreclosure Wave to Continue
Irvine, Calif.-based John Burns Real Estate Consulting Inc. has released a study positing that some 5 million houses and condos already delinquent will go through foreclosure or short sales in the next few years. That’s most of the 7.7 million U.S. households currently delinquent.