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.
Chambers Acquires Interests in 17 JV Assets from Duke Realty
Chambers Street Properties has acquired the remaining interests in 17 properties it owned in a JV with Duke Realty for a reported $98.6 million as Duke continues to divest many of its office holdings to focus more on industrial assets.
Jamestown Enters Latin America
Jamestown is tapping into Latin America, where it has created a new division headed by a veteran executive with emerging markets experience.
Crescent Resources Starts Construction of $67M M-F Project in Buckhead
The project will add 355 units to the Terminus master-planned development when is complete next spring.
CPC, Citi Announce $250M Facility to Finance Affordable Housing
Citi Community Capital has provided $250 million in financing, one of its largest single investments in affordable housing, to help create or preserve nearly 6,000 low- and moderate-income units in New York State.
Walgreens to Build Nation’s First Net-Zero Energy Retail Store in Evanston, Ill.
Walgreens is building a net-zero energy store in Evanston, Ill., that will use solar and wind power, geothermal heating and cooling and other energy-saving technologies to generate electricity and reduce its usage by more than 40 percent.
Hines Global REIT Acquires Two Overseas Properties for $215M
Hines Global REIT spent more than $215 million on two office properties in the past week, one in London and the other in Sydney, as it continues to expand its international portfolio.
Piedmont Acquires 334 KSF Office Building for $176M
Piedmont Office Realty Trust boosted its Washington, D.C., area portfolio this week by acquiring Arlington Gateway, a 12-story, Class A office property and one of the top buildings in the Rosslyn-Ballston corridor, for $176 million.
Canadian REIT Enters U.S., Buying Kansas-Based Lodging Enterprises
American Hotel Income Properties REIT, led by Canadian hotel veteran Rob O’Neill, has made its first acquisition in the U.S., purchasing Lodging Enterprises, a chain with 32 hotels in 19 states.
Fascitelli Resigns on His Own as Vornado CEO
In a surprising move yesterday morning, Vornado Realty Trust announced that Michael Fascitelli was resigning effective April 15 as president & CEO of the REIT and Steven Roth, the company’s chairman, was taking the CEO spot.
Essex Buys Fox Plaza in SF for $135M
Last year, Essex Property Trust made more than $800 million in M-F acquisitions in California and the Seattle area. The REIT is continuing its spending this year, picking up Fox Plaza, a 444-unit property in San Francisco’s Mid-Market district, for $135 million from Archstone.