Business Specialties
RDM’s New Interactive Marketing Tool Helps Users With Room Design
Property managers and tenants alike now have a new online tool in their arsenal.
Economy Watch: Baby Steps Toward Higher Interest Rates
Is the Federal Reserve taking baby steps back to a more historically normal monetary policy? That is, toward an eventual broader hike in interest rates?
Green Light for $386M First Phase of Kansas City Casino
The path has been cleared for work to commence on a new gaming property in Kansas City, Kan., now that the Kansas Entertainment L.L.C. has received its gaming license from the Kansas Racing and Gaming Commission and approval under the Kansas Expanded Lottery Act.
Coldwell Banker Appoints Two New Leaders
Coldwell Banker Commercial Affiliates LLC is experiencing some shifting of roles with regard to its top positions.
Storied Trump Building Leases 268,329 SF in Less Than a Year
The Trump Organization seems to have made the cut with regard to its Trump Building on Wall Street. The company has sewn up leases for 268,329 square feet in less than a year – the most, they say, of any single downtown building.
MB Real Estate Represents Regus in 29,519 SF Deal at Chicago’s Block 37
MB Real Estate said earlier this month that it represented workplace solutions company Regus in a 29,517 square-foot lease at 22 West Washington in Chicago.
Economy Watch: Walgreens Goes New York
Dearfield, Ill.-based Walgreen Co., owner and operator of over 7,100 drug stores nationwide, is buying its way into the New York City metro market in a huge way with the purchase of Duane Reade, whose presence in the Big Apple is near-ubiquitous.
Liberty Mutual to Expand in Boston with $300M Addition to HQ Campus
A behemoth new office tower is being planned for Boston’s occupancy-challenged office market, but fortunately, the entire facility has been spoken for. Liberty Mutual Group just announced it will expand its headquarters with the addition of a new $300 million office building downtown on land adjacent to its current home office.
Economy Watch: GGP Says No Thanks, Simon (For Now)
General Growth Properties hit the ball back to Simon Property Group’s side of the court on Tuesday by calling Simon’s $10 billion takeover bid a trifle low. GGP then invited other interested parties to make their own bids, and even offered to provide financial projections and data on its shopping malls to potential suitors.
Economy Watch: Foreclosure Wave to Continue
Irvine, Calif.-based John Burns Real Estate Consulting Inc. has released a study positing that some 5 million houses and condos already delinquent will go through foreclosure or short sales in the next few years. That’s most of the 7.7 million U.S. households currently delinquent.