Business Specialties
Colliers Acquires Leading Property Specialist in London
FirstService Corp. subsidiary Colliers International has acquired H2SO Property Consultants, one of London’s leading independent commercial property specialists.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.
OmniTRAX to Manage Texas-based International Railroad, Develop Industrial Park
OmniTRAX has signed a 30-year deal to manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Texas.
Overton Moore Buys 18 Acres of Industrial Land in Pomona, Calif.
Overton Moore Properties has acquired 18 acres of industrial land in Pomona, Calif., and immediately begun construction on a 240,000-square-foot Class A build-to-suit industrial property.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.
Trammell Crow, Principal Break Ground on 462 KSF Office Tower in Seattle Area
Just outside of Seattle, the Bellevue, Wash., office market is about to expand by nearly a half-million square feet of coveted space, now that Trammell Crow and Principal Real Estate Investors have broken ground on 929 Office Tower.
Blackstone Adds DDR as JV Partner in Purchase of 76 Shopping Centers from ARCP
Blackstone Group has added a joint venture partner, DDR Corp., to its plan to buy 76 shopping centers from American Realty Capital Properties for nearly $2 billion, including assumed debt of $461 million.
Deloitte Signs 113 KSF Lease in Iconic LA Tower
Deloitte has signed a long-term lease with Brookfield Office Properties for rent of 113,000 square feet in the iconic Gas Co. Tower in downtown Los Angeles.
Virtus Grabs 2 Dallas-Based M-F Housing Communities
To serve the growing Hispanic community in the area, Virtus Real Estate Capital has bought a portfolio of two multi-family housing properties in Dallas.