Business Specialties
Kimpton Hotels Buys Historic Chicago Office, Plans $86M Conversion
Kimpton Hotels & Restaurants looked at an office building in Chicago and saw a boutique lodging destination.
Payne Becomes SARES-REGIS President of M-F Development
Multi-family veteran Christopher Payne has joined SARES-REGIS Group as its new president of multi-family development.
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.
JLL Chosen As Exclusive Real Estate Service Provider For Desjardins Group
Desjardins Group has chosen JLL to provide multiple real estate services for the group’s 600,000-square-foot corporate office portfolio located in Ontario, the Atlantic provinces and Western Canada.
CBRE Starts Rolling Out Tech/Media Practice
CBRE has begun rolling out its new nationwide Technology & Media Practice, partly in response to the strong growth of the high-tech sector within the U.S. office market.
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.
Fitch Reports Early Refinances Up for U.S. CMBS 2.0
The CMBS market is robust, according to the latest report from Fitch Ratings, which notes it continues to see strong take-out activity in CMBS 2.0 collateral.
HornRock Continues Development Frenzy with 270-Unit M-F Project in New Jersey
HornRock Properties is going through a growth spurt, and its most recent activity involves plans for development of a 270-unit apartment property in Harrison, N.J.
Health Care REIT Buys Gracewell’s U.K. Portfolio for $257M
Health Care REIT Inc. has acquired a portfolio of 11 premier private-pay communities from U.K.-based Gracewell Healthcare.