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.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.
Jefferson Mill Business Park to Expand With Phase II
After securing Amazon as the anchor tenant of Phase I, the partnership between Trammell Crow and Clarion Partners is going forward with the spec development project.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
CIT to Leave Reverse Mortgage Business
The sale of Financial Freedom, CIT’s reverse mortgage servicing business, and its $900 million portfolio is expected to close in the second quarter of 2018.
CBRE to Acquire Heery International
The company is buying the project management solutions provider from Balfour Beatty LLC for $57 million. Heery President Theodore Sak and COO Glenn Jardine will remain on board when the deal closes later this year.
Portland Airport Expansion Flies High with Skanska
The international construction firm signed a $151 million contract with the Port of Portland to enlarge and renovate the facility’s Concourse E. The project is part of an overall $1.3 billion, five-year terminal improvement plan for the airport.
Oxford-Madison JV Pays $1.3B for Berlin Sony Center
Hines—asset manager of the 1.2 million-square-foot mixed-use complex—helped the National Pension Service of Korea to sell the asset. CBRE and Greenberg Traurig advised Oxford Properties and Madison International Realty.
The Retail Challenge
Energy Star is running a pilot with about 70 organizations through the end of this year for the Energy Star for Tenants program, previously known as Tenant Star.
Integrated Health Campus Lands $53M Mortgage Financing
HFF’s debt placement team secured a 10-year, fixed-rate mortgage for the owners of a 10-year-old medical office building property in Allentown, Pa.
Disruption in the Middle Market: CRE Report
A survey of senior company executives found that commercial real estate firms are more likely to be among those less prepared to deal with “disruptive” technologies.