Suzann D. Silverman
Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.
Four Seasons to Brand Fort Capital’s Luxury Oceanfront Mixed-Use Project
Fort Capital, has entered an agreement with Four Seasons to brand and manage The Surf Club, a luxury mixed-use property currently under construction on 9-acres of surfside land that Fort Capital acquired in 2012. Development started on the buildings in fall 2013 with Coastal Construction serving as general contractor. The project is on schedule to be completed in early 2016.
Four Metro Orlando Office Buildings Sold
In two major investment sales, four of metro Orlando’s office buildings changed hands recently using the brokerage services of Lincoln Property Company Southeast. The properties totaling more than 182,000 square feet sold for an aggregate of $8.7 million.
Buckhead Tower Earns LEED Gold Certification
Another Parmenter Realty Partners office building recently earned the LEED Gold Certification for Existing Buildings. The company’s array of LEED certified buildings broadened with Buckhead Tower at Lenox Square in January.
Renaissance Tampa Gets in U.S. News’ 2014 ‘Best Hotels’ Ranking
Renaissance Tampa International Plaza Hotel earned a place among the best hotels in the Sunshine State in, according to U.S. News & World Report’s 2014 list. The publication honours properties that are renowned in the travel industry for their luxury amenities and quality customer service.
Seller Finances Heitman JV’s Purchase of DC Office Building
A joint venture of Minshall Stewart Properties and an affiliate of Heitman L.L.C. secured the financing from Lone Star Funds to acquire 1401 New York Ave., N.W., in Washington, D.C.
Hines Selects Gehry Partners Design for Germany’s Tallest Residential Tower
International real estate firm Hines announced Gehry Partners has won the architectural competition for the company’s 300-unit apartment project in Berlin. Slated to rise to a maximum of 492 feet, the 39-story structure will likely become the tallest building in Berlin and the tallest residential tower in the entire country.
Achieving Security: Are Mall Owners Doing Enough?
As the investigation into the deadly weekend shooting at The Mall in Columbia in suburban Maryland continues, security experts and property owners and managers are once again trying to determine if they are providing enough security for the public and whether or not changes need to be made.
Economy Watch: CRE on State of the Union; Fed’s Tapering Efforts; Foreclosures, Residential Delinquencies Drop
The industry reacts to the State of the Union address. The Federal Open Market Committee spoke out on bond-buying and deflation. And completed foreclosures decreased 24 percent last year, while Freddie Mac reported that its single-family mortgage serious delinquency rate declined in December.
BentleyForbes, Del American Establish M-F Development Partnership
Real estate investment firm BentleyForbes has joined forces with apartment developer Del American Real Estate Group to create a new multi-family development company.
ARTIC Acquires St. Regis Bal Harbour Resort for $213M
Al Rayyan Tourism Investment Company (ARTIC) along with Starwood Hotels & Resorts Worldwide Inc. recently announced that ARTIC has purchased the St. Regis Bal Harbour Resort in Miami. The transaction was worth $213 million.