Business Specialties
Coldwell Banker Commercial to Represent 1.8 MSF SLC TOD Vista Station
Coldwell Banker Commercial NRT’s Salt Lake office will represent Vista Station, a new 100-plus acre development located in Draper, Utah.
Blackstone’s LogiCor Expands European Portfolio with 4.3 MSF in Poland
LogiCor, the pan-European logistics real estate arm of investment and advisory firm Blackstone, continues its rapid expansion and Poland is certainly part of the program.
Promontory Launches Online Marketplace for Bank Assets
Promontory Interfinancial Network of Arlington, Va. launched yesterday Bank Assetpoint, a nationwide online marketplace that aims to connect banks and other parties looking to buy or sell unwanted bank assets, including bank-owned commercial real estate.
Ed Indvik: Outlook 2013
Lee & Associates CEO Ed Indvik talks about prospects for the commercial real estate market and the brokerage sector.
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.
Plum Creek-Rockefeller JV Envisions Inland Ports, Manufacturing, Office Uses for 4,700 Acres
Plum Creek Timber Co., of Seattle, and New York’s Rockefeller Group have signed a memorandum of understanding “to evaluate and pursue joint venture development projects” on 4,722 acres of land in the U.S. Southeast. The tracts are intended for commercial development, including manufacturing and distribution facilities, as well as inland ports and office buildings.
KBS Realty Advisors Acquires Top Raleigh Office Tower for $98.4M
KBS Realty Advisors acquired Captrust Tower, a prestigious, 300,389-square-foot office and retail building in the North Hills area of Raleigh, N.C., for a reported $98.4 million.
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.