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.
Mack Expands Debt Investment Activities with Launch of Mack RE Credit Strategies
Mack Real Estate Group is launching a new lending platform for transitional and distressed commercial real estate assets in the United States and Europe and has tapped a former Blackstone Group managing director to help run it.
2 ARCP Execs Resign in Midst of Accounting Errors, Stock Plummets
The CFO and top accounting executive at American Realty Capital Properties resigned Wednesday after ARCP admitted there were errors in its financial statements as recently as this year’s second quarter that “should no longer be relied upon.”
TIAA-CREF, Norges Buy Prime Office Set in DC
TIAA-CREF and Norges Bank Investment Management have acquired 800 17th St., N.W., in Washington, D.C., for a reported record $1,075 per square foot – $392 million – for the 364,000-square-foot trophy property.
Thor Equities JV Buys Manhattan’s 530 Fifth Ave.
Thor Equities continues building up its presence on Manhattan’s famed Fifth Avenue, closing on the purchase of 530 Fifth Ave., a 26-story office and retail building, for $595 million.
Walker & Dunlop Originates $108M Fannie Mae Loan for Housing Community in Lakeland, Fla.
Blair Group, one of Florida’s largest developers of affordable adult active lifestyle communities, has taken advantage of low mortgage rates and refinanced its Cypress Lakes manufactured housing complex with a $108 million Fannie Mae loan originated by Walker & Dunlop.
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.
Hilton Worldwide Launches New Brand: Canopy by Hilton
Hilton Worldwide has launched its second new hotel brand in four months – Canopy by Hilton, a lifestyle brand aimed at leisure and business travelers seeking a local boutique experience in U.S. and international cities.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.
Henry S. Miller, TriVest, WholeLife Reposition Ownership
WholeLife Cos. has acquired the multi-family property contracts and assets of the Henry S. Miller Realty Management portfolio for an undisclosed price.