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.
Berkeley Point Capital Names Jim McDevitt President
Berkeley Point Capital L.L.C. has been adding executives to its ranks for the past several months, capping it off this week with the news that CRE finance veteran Jim McDevitt had been named president.
Colliers Adds Birmingham Office
Colliers International continued its expansion with a new Southeast office in Birmingham, Ala. The 15th office added in two years, Colliers Birmingham, formerly Sandner Commercial Real Estate, represents “a significant growth opportunity” for Colliers in the Southeast.
Hyatt Plants More Flags in the Caribbean, India
A Hyatt affiliate will manage a 200-key hotel in St. Kitts as part of the $1 billion Christophe Harbour master-planned community.
Griffin-American Completes $106.7M Acquisition of Medical Office Portfolio
American Healthcare Investors and Griffin Capital Corp., co-sponsors of the Griffin-American Healthcare REIT II Inc., paid $106.7 million for 14 medical office buildings in nine states.
Blackstone Sells DiamondRock Hotels, Wins Stake in Hotel Company
DiamondRock Hospitality Co. has agreed to buy four hotels from The Blackstone Group for $495 million in an off-market deal that also calls for Blackstone to take a $75 million stake in DiamondRock.
Parkway Properties Takes Further Steps to Reposition Portfolio
Parkway Properties Inc., an Orlando-based REIT, has been repositioning its office properties portfolio. Most recently, it sold two Atlanta assets and a smaller building in New Orleans.
Multi-Family Investment Opportunities: Still to Come or Past its Peak?
With a weak job market and low consumer confidence, the transition from renter to homeowner remains slow, creating continued opportunities in the multi-family housing market, according to a Property Portfolio Research economist. But he cautioned that Class A multi-family opportunities for investors might have already peaked.
Wood Partners to Bring 22-Story Luxury Rental to Los Angeles
Wood Partners has become the latest developer to announce plans to erect a high-rise apartment building in Los Angeles, in its case a 22-story tower housing 290 units in the South Park district.
Apartment Rent Growth Loses Momentum, Leasing Remains Healthy
Average apartment rents across the United States grew 1.2 percent in the second quarter and 4 percent from mid-2011 to mid-2012, according to a report from MPF research. These numbers represent a loss of momentum from the fourth quarter of 2011which saw a rent growth rate of 4.8 percent. The soft patch in job production seems to be part of the problem, though overall the apartment market remains healthy.
Wheelock Receives $525M in Commitments for First Fund
The private real estate investment firm says it expects to use the money on a wide range of real estate investments throughout the U.S., from single assets such as hotels to large land deals.