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.
DAMAC Properties, Paramount Unveil $1B Luxury Hospitality Project in Dubai
Paramount Hotel & Resorts, the official licensee of legendary movie production studio Paramount Pictures, has partnered with real estate giant DAMAC Properties to develop a $1 billion, four-tower mega project in the heart of downtown Dubai.
NY Life Finances LaSalle Investment Management’s Onterie Center Purchase
LaSalle Investment Management Inc. landed $125 million in financing from New York Life Insurance Co. for the acquisition of the mixed-use Onterie Center in Chicago.
Economy Watch: More Positive News for Housing, Jobs
The National Association of Realtors reported an increase in homes for sale, and the FNC found similar positive news in prices. Meanwhile, unemployment claims dropped and the stock market rose again.
The Basics: Usage Strategies and Financing Sources
Some commercial property owners are beginning to experiment with installation of fuel cells in multi-tenant buildings. Challenges remain, including ways to make this financially viable, but they have found some solutions.
Ed Indvik: Outlook 2013
Lee & Associates CEO Ed Indvik talks about prospects for the commercial real estate market and the brokerage sector.
Economy Watch Weekly: A Tepid Start to the New Year
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 1, including an analysis of the tepid performance in jobs, GDP and consumer confidence.
Starwood Capital’s Group Du Louvre Sells Four Leading Hotels in France
Starwood Capital Group’s Groupe Du Louvre has sold four premier luxury hotels in France as part of the company’s ongoing plan to monetize the GDL hotel portfolio.
Economy Watch: Number of Discouraged Workers Drops; Construction Employment Rises
As of January 2013, there were 2.4 million people “marginally attached” to the labor force, down by 366,000 from a year earlier. Among those, the number considered “discouraged workers” totaled 804,000, a decline of 255,000 from a year earlier. Meanwhile, construction employment rose by 28,000.
Silverstein Team Buys Beekman Tower, Plans Renovation
The Beekman Tower Hotel in Midtown Manhattan has found a new owner and will soon find a new life. Silverstein Properties and a group of partners have acquired the 174-room hotel from Lone Star and will transform it into a luxury corporate apartment destination.
MEPT Obtains $105M Mortgage for Chicago’s 200 W. Madison
More than a year after paying $217.5 million in cash for 200 W. Madison, a Class A office tower in Chicago’s West Loop, Multi-Employer Property Trust has taken out a $105 million mortgage on the 928,040-square-foot property.