Allison Landa
Parkway Closes $167.3M Purchase
Located in the heart of Atlanta’s Buckhead district, Parkway’s new purchase is comprised of the commercial segment–470,000 square feet of office space and 20,000 square feet of retail–of the 50-story building that is also home to Sovereign, the 82-unit luxury residential condominium component occupying 23 floors of the skyscraper.
11 Times Square’s 400,000-SF Anchor Tenant Moves In
International law firm Proskauer Rose L.L.P. has taken space at the newly constructed 1.1 million-square-foot office and retail building developed by SJP Properties in Midtown Manhattan.
Economy Watch: CRE Prices Up Again
Commercial property prices edged up 0.6 percent in November from October, according to the latest Moody’s/REAL Commercial Property Price Index. The increase represented the third month in a row that prices advanced.
CoreSite to Expand Project
With development rights secured for the Santa Clara campus, three new data centers and an electrical substation will join the firm’s existing 50,000-square-foot data center at 2901 Coronado Drive, a 10-month-old facility leased in its entirety to a single tenant.
Humboldt Joins Forces with LW Hospitality Advisors
LW, which launched earlier this month, will provide lodging valuation and consulting services to the hotelier, which was founded in May 2010.
Economy Watch Weekly: Dees Stribling’s Summary of Top Economic News
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Jan. 21 and what to watch out for in the coming week.
Economy Watch: More Economic Encouragement
Ahead of official U.S. GDP numbers, 46 economists surveyed by USA Today are predicting that the economy will grow at an annualized rate of 3.2 percent to 3.4 percent each quarter of 2011 — an uptick in optimism.
Carpenter, Steinfeld to Lead Cassidy Turley’s Capital Markets Expansion
Bringing an average of 25 years of experience in capital markets transactions with them, Noble Carpenter and Bart Steinfeld will work closely with Cassidy Turley executive managing director of capital markets William Collins and New York tri-state region president Peter Hennessy to develop a fully integrated national capital markets platform.
Colliers Taps Industry Veteran Hotchkiss for New Client Services Position
Hotchkiss brings to the table a long track record of spurring growth, increasing revenue and closing deals across a bevy of business lines. He commenced his career at Cushman & Wakefield, where he spent the last two decades quickly climbing up the ladder to make quite a name for himself as a broker and manager.
Avison Young: Recovery Imminent, but Hurdles Lie Ahead
Chairman & CEO Mark Rose noted in the firm’s 2010 annual review and 2011 forecast that without improved confidence and growth in employment, consumer spending, industrial production and GDP, forward motion will prove a struggle.