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.
DC’s L’Enfant Plaza Hotel to Undergo Renovation after Acquisition by Hotel Group
The new owners of the L’Enfant Plaza Hotel, an iconic luxury hotel in Washington, D.C., said this week the 372-key property is closed and will be undergoing a major renovation, expected to be completed sometime next year.
Alberta Development JV Grabs 671 KSF Retail Portfolio from A&B Properties
Alberta Development Partners and an affiliate of Walton Street Capital have acquired the three-property A&B Properties Mainland Retail Portfolio and the Maui Mall, a total of 671,538 square feet in Colorado, California and Hawaii.
Wood Partners Announces Changes to Board of Directors, Executive Team, Investment Committee
One of the nation’s top multi-family developers, Wood Partners is planning more than $1 billion in construction this year, but will do it with some leadership changes, including a new chairman of the board and president.
Stanford Hotels Affiliate to Develop San Francisco’s First New Upscale Hotel Since ‘08
SOMA Hotel, a privately held hotel development company and an affiliate of the Stanford Hotels Group, has acquired a prime development site in San Francisco’s South of Market neighborhood and plans to build the first full-service hotel in the city since 2008.
Avison Young Buys PSB; SCM Merges with Coldwell Banker
Two commercial real estate services firms – Avison Young and Coldwell Banker Commercial Alliance – continue to expand by merging with strong local brokerages across the United States.
Mesa West Capital Provides $220M Loan to Refi Burbank, Calif., Office Development
Citing the property’s quality and strong leasing record over the past year, Mesa West Capital provided a $220 million loan to refinance The Pointe, a 14-story, 480,000-square-foot Class A building in the Los Angeles suburb of Burbank.
Arden Group Acquires 254 KSF Class A Office Property in West Conshohocken, Pa.
Arden Group has acquired 100 and 200 Four Falls Corporate Center, a 254,000-square-foot, Class A office property in West Conshohocken, Pa., that was in receivership.
Laurus Buys 25-Story Office Tower in Baltimore’s CBD
Los Angeles-based private real estate investment and development firm Laurus Corp. has purchased its first Baltimore office building with the acquisition of 294,274-square-foot 36 S. Charles St.
Mitsui Fudosan Develops 202 KSF Office Property in San Francisco
Looking to take advantage of the hot tech market in San Francisco, Mitsui Fudosan America has formed a joint venture with SKS Partners to develop a 202,000-square-foot Class A, speculative office building at 270 Brannan St. near Second Street in SOMA’s historic South Beach district.
Healthcare Trust Buys 8-Property Medical Office Buildings for $141M
Healthcare Trust of America closed out 2013 with a total of $398 million in investments in medical office properties, including an eight-property portfolio purchase for $141 million.