Anna Spiewak
New York’s Plaza Hotel New Owner Plans Additional Upgrades
“The seller had finished off a positioning of the property and had just finished off a retail level on the lower level,” Greg Rice, Solid Rock’s president, told Commercial Property Executive .
JLL Announces Leadership Changes: Roberts CSO, Martin CEO
Positioning itself for further growth, Jones Lang LaSalle has made two key leadership changes, promoting Peter Roberts to a newly created Chief Strategy Officer post and moving COO and CFO Lauralee Martin up to Roberts’s current job of Chief Executive Officer, Americas.
Lehman Brothers to Sell Archstone to Equity Residential, AvalonBay for $6.5B in Cash, Stock
Lehman Brothers Holdings has entered into a definitive agreement to sell full ownership of Archstone Enterprise L.P., its single largest asset, to Equity Residential and AvalonBay Communities for cash and stock with an aggregate value of approximately $6.5 billion.
HFF Arranges JV Equity for M-F Development in Austin
HFF has arranged a joint venture between the Hanover Co. and an unnamed private investor to build a five-story multi-housing community on 3.44 acres in the city’s South Lamar neighborhood.
December Investment Volume Could Be Tame–Or Not
With Black Friday still visible in the rearview mirror and Cyber Monday upon us, the holiday shopping season is officially underway, but it remains to be seen if the buying frenzy will extend to the commercial real estate market.
$100M Financing Deal in Place for Dallas’ 1 MSF M-U Shops at Park Lane
With the assistance of HFF, Northwood Investors L.L.C. has secured $100 million in financing for a segment of the 1 million-square-foot mixed-use development from ING Investment Management.
ULI Denver — Modest Demand and Pockets of Growth Fuel Office Leasing
Jones Lang LaSalle Managing Director Steve Smith assesses the user-demand trends affecting office leasing today, and discusses how the credit crunch continues to impact tenant cash flows, though things are going in an upward trajectory.
Avison Young Makes Entrée into Southern California’s Orange County Market
Toronto’s Avison Young continues the rapid expansion of its footprint in the United States with yet another new office opening.
Land & Development: Change You Can Believe In
By Tom Kirschbraun, Managing Director, Jones Lang LaSalle Capital Markets: Over the past few years, adjectives describing the world of land sales and development verged on the apocalyptic.