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.
NorthStar to Buy $1B Healthcare RE Portfolio from Formation Capital, Safanad
NorthStar Realty Finance, which has been growing its healthcare real estate holdings since former HCP chairman & CEO James “Jay” Flaherty came on board in January, has agreed to acquire a $1 billion seniors housing and skilled nursing portfolio from Formation Capital and Safanad Ltd.
Xinyuan Buys Land Parcel in Hunan Province for $112M
Xinyuan Real Estate Co., a Beijing-based residential real estate developer, continues gobbling up land in high-growth Chinese cities to build more multi-family housing.
ARCP to Spin Off $2B in Multi-Tenant Shopping Centers
Looking to unlock the value of its shopping center portfolio, American Realty Capital Properties plans to spin off most of its multi-tenant retail centers into a publicly traded REIT valued at $2 billion and focus on its single-tenant net lease business.
C&W Taps Former NYPD Head Kelly as Prez of Risk Management Services
Cushman & Wakefield has chosen former New York City Police Commissioner Raymond Kelly to head up a newly created global Risk Management Services division to advise clients on risk-mitigation solutions.
Inland Buys Aston Waikiki Beach Hotel for $183M
Inland American Lodging Group made its first acquisition in Hawaii with the purchase of the 645-room Aston Waikiki Beach Hotel in Honolulu for $183 million.
Tesla Eyes 4 States for $5B Battery Factory
Four Southwest states – Texas, Arizona, New Mexico and Nevada – are in the running to be the home of Tesla Motors’ $5 billion “Gigafactory” that would mass produce lithium-ion batteries for electric cars and create 6,500 jobs.
USGBC: Top 10 States for LEED Green Building
A 57-story, 1.3 million-square-foot Class A office tower in Chicago has earned Platinum and Gold LEED certifications from the U.S. Green Building Council.
MSCI Survey: RE Still Popular Alternative Asset, but Risk Managers Face Challenges
A study by MSCI found that real estate investment remains one of the most popular alternative asset classes for pension and sovereign wealth funds, but those global-asset owners face challenges in long-term asset allocation and risk management.
Meridian Arranges $80M in Financing for 11-Property M-F Portfolio in Chicago
Even though the existing loans weren’t maturing for another one to three years, the owner of an 11-property multi-family portfolio in Chicago decided to refinance now, obtaining $80 million in permanent financing with the help of Meridian Capital Group.
Palmetto to Develop 4,500-Acre Medical Campus in SC; Phase One to Cost $135M
Palmetto Primary Care Physicians and Equity Inc. are developing a $135 million health and wellness campus in Summerville, S.C., featuring two 150,000-square-foot medical buildings.