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.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
Delta Hotels Unveils Bold Strategy
Marriott International is planning to double the Canadian hospitality brand’s footprint with the opening of new properties in the U.S. and Asia over the next two years.
Boston Revitalization Project Moves Forward
A $1 billion plan will bring 2.3 million square feet of mixed-use, transit-oriented development to Somerville, Mass., over the next two decades.
Newmark Unveils New Name, Eyes IPO
Dropping “Grubb” from its corporate handle, the services firm has rebranded as Newmark Knight Frank. Its parent company, BGC Partners, is planning to spin off the real estate services unit in an IPO in the fall.
Commercial Banks and the Capital Markets
As 2017 approaches the midpoint, the capital markets remain bullish on real estate, and commercial banks are among the most active lenders.
Manhattan’s GM Building Lands $2.3B Refi
Boston Properties has completed a $2.3 billion refinancing of the 50-story, 2 million-square-foot trophy tower. The financing includes interest-only payments and matures in 2027.
German Fund Enters US Market With Boston Buy
The fund was advised by Northwood Investors. Newmark Knight Franks Boston-based debt team oversaw financing for the transaction and NKF has also been retained as the exclusive leasing and management arm for the property.
NKF Named Leasing Agent for 85 Broad St.
The building takes up the full block of Broad Street between South William and Pearl streets in Manhattan’s Financial District. The Class A office tower was built in 1983.
Whitestone REIT Completes $158M Acquisition of BLVD Place
The Houston-based REIT bought the 216,944-square-foot urban mixed-use center from developers Wulfe & Co. and Bailard Inc. BLVD Place is 99.2 percent leased with tenants including Whole Foods Market and Frost Bank.
85 Broad St. in Manhattan Gets 2 New Owners
The 1.1 million-square-foot building takes up the full block of Broad Street between South William and Pearl streets and has 115 feet of frontage along Broad Street in the Financial District.