Barbra Murray
JLL to Manage 640 KSF at Suburban DC Headquarters Campus
Jones Lang LaSalle’s management responsibilities in suburban Washington, D.C., just grew by 640,000 square feet. The commercial real estate services firm has been tapped by The Meridian Group to manage three buildings at the 18-acre Solutions Plaza corporate headquarters campus in Tysons, Va.
BH3, Gary Cohen Team Up on Upscale South Florida Island M-F Project
There are only so many private islands in South Florida and the last one with development potential, the former North Island at Island Estates in Aventura, Fla., has just been designated for a luxury multi-family project by Privé Development, a newly formed joint venture between BH3 Management and developer Gary Cohen.
Brian Conlon Exits Retirement, Returns to Inland Family as Inland Securities CEO
Retirement or real estate? It’s real estate for Brian Conlon, former CEO of Inland Real Estate Investment Corp. Conlon bid adieu to his position and the industry at the close of 2012, but now he’s back as CEO of Inland Securities Corp., the managing broker-dealer for Inland Investments.
Behringer Harvard Buys 240-Unit Suburban Houston M-F Property
Behringer Harvard has expanded the portfolio of Behringer Harvard Opportunity REIT II Inc. with the acquisition of Parkside Apartments in Sugar Land, Texas, approximately 20 miles outside of Houston.
Strategic Capital, Crest Asset Sell 636-Unit Dallas M-F Portfolio
Seven years after Strategic Capital Partners and Crest Asset Management acquired St. Andrews Apartments and Montclair Apartments, two multi-family communities totaling 636 residences in Dallas, the JV partners have sold the Class A assets to Pensam Capital.
Transwestern, Cornerstone Sell 350 KSF Houston Office Property
Five years after acquiring 21 contiguous acres of land for the planned two-tower Eldridge Oaks office development in Houston, Transwestern and Cornerstone Real Estate Advisors have sold the site, along with the 350,000-square-foot trophy tower they developed at the location in 2009.
Feldman Equities JV Buys 187 KSF Office Tower in St. Petersburg, Fla.
St. Petersburg is looking good to Feldman Equities, Tower Realty Partners and Second City Capital Partners, so the JV team recently acquired the 187,000-square-foot office building formerly known as Wells Fargo Plaza.
JLL to Expand in Metro Kansas City with Acquisition of Capital Realty
Jones Lang LaSalle has its eye on the blossoming industrial real estate market in metropolitan Kansas City, Mo., and the commercial real estate services firm will increase its platform in the market in one fell swoop with the acquisition of Capital Realty.
MetLife, SunTrust Form $5B Partnership
MetLife and SunTrust Banks have joined forces on a major partnership in which MetLife’s new investment management platform, MetLife Real Estate Investors, will originate and manage as much as $5 billion in commercial real estate mortgages to be financed by SunTrust.
DeBartolo Grabs 132-Room Aqua Waikiki Pearl Hotel in Hawaii
DeBartolo Development just made its first tangible foray into the Hawaii hotel market with the acquisition of Aqua Waikiki Pearl, a 132-room hotel in the heart of Oahu, in Honolulu.