Gail Kalinoski
Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor’s degree in journalism from Pace University.
$300M Luxury Hotel Anchors Houston Tower Project
The Post Oak Hotel at Uptown Houston is part of a 10-acre mixed-use development featuring restaurants, retail, office and event space, including the Uptown/Galleria area’s largest ballroom and 35,000 square feet for conferences and meetings.
MetLife Plans Mixed-Use Project in Midtown Atlanta
The development at 17th, West Peachtree and Spring streets will include roughly 500,000 square feet of office space, more than 80,000 square feet of retail, 350 residential units and a 20-story hotel.
CRE Deal Volume Drops in Q4
Deal activity slowed in the last quarter of 2017, as investors waited to see if tax reform would pass in 2018. According to the most recent Ten-X Commercial report, they may also have been worried about whether the U.S. economic expansion, which is approaching the second longest expansion period in the nation’s history, would continue.
Chesnut Properties to Break Ground on 1.4 MSF Office Project
The company is building three campuses as part of the 210-acre Millenia Master Plan in Chula Vista, Calif. The multibillion-dollar undertaking also calls for as many as 3,000 multifamily residences; 1.5 million square feet of retail, hospitality, civic and mixed-use projects; six themed urban parks; and a variety of public spaces.
Retail Investment Trends to Watch in 2018
While some markets are stronger than others, the new Marcus & Millichap report points to general trends such as rising consumer confidence levels, the potential for higher wages and changes in the tax law that could play a role in shaping the economy and retail demand in 2018.
CPPIB Takes Minority Stake in JBG Smith’s DC Office Development
The $101 million investment represents a 45 percent interest in the property. Construction on 1900 N St. N.W. started in the second quarter of 2017 and is expected to be completed by 2020.
Investcorp, Schnitzer West Refinance Seattle Office Tower
The local HFF debt placement team worked on behalf of the joint venture to secure the $170 million loan through HSBC.
JP Morgan Chase Plans Manhattan Trophy Tower
The 2.5 million-square-foot building would rise 70 to 75 stories on the current site of JPMC’s headquarters at 270 Park Ave., and is the first such project in its neighborhood to be announced since New York City approved a landmark rezoning last summer.
Hertz Investment Acquires 807 KSF Houston Office Campus
HFF’s Investment Advisory group represented Parmenter Realty Partners in the sale of the three-building, Class A Brookhollow Central I, II and III in the city’s North Loop, and procured the buyer.
Heitman Acquires 17-Asset MOB Portfolio
NexCore Group represented the company and will manage and lease the properties. JLL Capital Markets, which handled the deal for the seller, called the transaction one of the largest in the sector.