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.
Essex Agrees to Buy BRE for $4.3B
A week after announcing it was exclusively courting BRE Properties, rival multi-family REIT Essex Property Trust said it had agreed to make the marriage official, with BRE Properties being merged with Essex in a cash and stock deal worth $4.3 billion.
Peebles, Elad Buy NYC Landmark Building for $160M
The Peebles Corp. and Elad Group have bought the historic 346 Broadway office building from New York City for $160 million and plan to transform the 115-year-old property into a five-star hotel and upscale condominiums in a $400 million restoration.
Shorenstein Buys 1.3 MSF Class A Office Property in Downtown Denver
Shorenstein Properties acquired Denver City Center, two downtown Class A office buildings with a total of 1.3 million square feet, from Crescent Real Estate Holdings for $286 million.
USAA, Touchstone Partner to Develop Project in Seattle’s South Lake Union
The hot South Lake Union submarket in Seattle is getting another office development as USAA Real Estate Co. and Touchstone team up on a two-building, 820,000-square-foot project at 307 Fairview Ave. North.
CBRE Trades 377 KSF Class A Office Building in NJ Suburb
GAF, North America’s largest producer of roofing materials, is moving from its longtime Wayne, N.J., corporate headquarters to a 377,000-square-foot, Class A office building in Parsippany, N.J., in a deal described by CBRE Group Inc. brokers as “one of the largest in the state this year.”
RKF Expands into Canada
RKF, which specializes in retail leasing, investment sales and consulting services, is crossing the border to open its first office in Canada and has named Canadian retail services veteran Steven Alikakos to run the operation in Toronto.
W. P. Carey Acquires Denver-Area Class A Office Building
W.P. Carey has jumped into the growing Denver area office market with the acquisition of a Class A property in the ParkRidge Corporate Center in Douglas County, Colo.
Obama Administration Expands Better Buildings Challenge to M-F Housing
Nearly three years after President Obama launched the Better Buildings Challenge to help American commercial and industrial buildings become at least 20 percent more energy efficient by 2020, the administration has expanded the program to the multi-family sector.
AEW Buys 375-Unit Apartment Building in NYC from Gotham Organization
AEW Capital Management has acquired New Gotham, a 375-unit rental building at 520 W. 43rd St. on Manhattan’s West Side, from the Gotham Organization and its investor member AIG Affordable Housing for a reported $170 million.
50-Story Tower Proposed as Part of NYC Seaport Redevelopment
One month after breaking ground on an upscale mall at Pier 17 at Manhattan’s historic South Street Seaport, The Howard Hughes Corp. is proposing more redevelopment at the site, including a new marina and a mixed-use 50-story hotel and apartment tower.