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INTERNATIONAL: Hines Taps Aconex for Construction Management Services at Bayside Waterfront in Toronto
Hines has picked Aconex to provide construction management services for the first phase of infrastructure at Bayside Waterfront, a $910 million mixed-use waterfront development in Toronto.
2014 Leading Real Estate Law Firms
We are once again pleased to share our views on the most powerful real estate law practices in the nation.
September 2014 – Briefs/Leasing & Management
CommonWealth REIT Taps CBRE for 43 MSF Management Gig; NGKF Completes 607 KSF Renewal with the DoD; Savills Studley Reps AMN Healthcare in 175 KSF Lease; Samsung Takes 55 KSF in NYC’s Meatpacking District; Brixmor Signs 97 KSF at Repositioned Denver Retail Center; Neuehouse Inks 93 KSF Lease with Kilroy in Hollywood; MediaMath Signs First Private-Sector Lease at 4 WTC; Transwestern Awarded Leasing, Management for 2.2 MSF Office Complex in Detroit.
September 2014 – Briefs/Sales & Development
KBS Sells Chicago Office to Irvine Co. for $850M; Goodman Birtcher Lands Approval for $350M N.J. Logistics Center; Loews Buys The InterContinental Chicago O’Hare; Clarion Grabs Playa Vista Office Complex from ASB; AvalonBay Sells Massachusetts Asset to The DSF Group; New York REIT to Acquire Twitter HQ in Manhattan; Blackstone Sells Oceanfront Hotel/Marina in Ft. Lauderdale; Harbor Group Sells 415 KSF Times Square Office Tower for $250M.
September 2014 – Briefs/Finance
Moinian Secures Loan for Largest Manhattan Apartment Tower Under Construction; Bellwether to Merge with Towle Financial Services; Largo Finances $55M Office and Retail Portfolio; JLL Secures $125M in Debt for East Bay Area Office Center; HFF Arranges $95M Construction Loan for Virginia TOD M-F; Berkadia Sources $156M in Financing for Capital Senior Living; Cousins Plans $224M Offering to Buy Parmenter’s Fifth Third Center in Charlotte; Commercial Mortgage Capital Secures $94M Loan for Norwalk Office Building; Commercial Mortgage Capital Secures $94M Loan for Norwalk Office Building.
September 2014 – Briefs/People
Mohr Partners Taps Bob Shibuya as President; Avison Young Buys Montreal-Based Firm Roy et Tremblay; Madison International Names Chen Head of Equity Capital Markets; Inland Lodging Welcomes Welch as CFO; HFF Opens Charlotte Office; Gilbert Joins JLL as Managing Director in Orlando; Greystone Acquires ARA Seniors Group; Related Beal Names Sherman Stamler COO.
IREM Operating Expenses Study: Mixed Bag of Results for Federally Subsidized Properties
In the post-Great Recession climate, federally subsidized housing is perhaps more important than ever. But aside from high demand, the year-over-year benchmarks for the various forms of this housing class are anything but consistent.
IREM’s Annual Office Building Study Yields Mixed Bag of Results
IREM’s annual study looks at operating income and key expenses, analyzing some 1,717 private-sector office complexes in major metropolitan areas across the U.S. and Canada. This year’s results were varied.
Atlas Capital Leads Investor Group to Acquire L.A.’s EVOQ Properties
Affiliates of Atlas Capital, Square Mile Capital and USAA have announced plans to acquire EVOQ Properties. EVOQ’s holdings include more than two million square feet of rentable space and more than 13 acres of prime development land in Downtown Los Angeles.
People on the Move – August 2014
A rundown on the commercial real estate industry’s top hires and promotions for August 2014.