Business Specialties
DLC Purchases 518 KSF Power Center in Poughkeepsie, NY
DLC Management Corp. has acquired the Shoppes at South Hills, a 518,000-square-foot grocery-anchored power center in Poughkeepsie, N.Y., from Vornado Realty Trust.
CBRE Strengthens Commitment to Oklahoma, Buys Local Affiliate
CBRE Group Inc. has officially brought its Oklahoma affiliate into the fold. The global commercial real estate services firm recently acquired Tulsa-based CBRE | Oklahoma, after a 15-year relationship.
Skanska to Build Boeing Paint Facility in Charleston
Skanska USA is developing an $82 million, 375,000-square-foot decorative paint facility in Charleston, S.C., for aerospace giant Boeing.
JEMB Leases Store at Manhattan’s Herald Center to Verizon Wireless
JEMB Realty continues leasing up its revitalized Herald Center, a 10-story retail and office property at 34th Street and Broadway, with Verizon Wireless taking 4,500 square feet for its new flagship Manhattan store.
INTERNATIONAL: Katara to Build $1.6B Silver Pearl Hotel in Qatar
Qatar hotel developer and operator Katara Hospitality has unveiled plans for a more than 1,000-key Silver Pearl Hotel to be located one mile offshore near Doha.
Blackstone Picks Up Twin Office Buildings in Dublin
lackstone Real Estate Partners Europe IV has increased its presence in Ireland with the acquisition of the Atrium buildings, two premier office structures in Sandyford, in Dublin’s south suburbs.
DECEMBER ISSUE: Property Management–Shrinking Subleases
Post-recession strategies are limiting inventory as office demand rises.
INTERNATIONAL: Heitman Grabs Two M-F Portfolios in Amsterdam
Global real estate investment management firm Heitman L.L.C. has bought two separate apartment portfolios, for the first time in Holland.
Banyan, Oaktree JV Buys Office Portfolio from Parkway Properties
A joint venture between affiliates of Banyan Street Capital and Oaktree Capital Management bought 19 Class A office assets in six states for $237 million from Parkway Properties.
Capri Capital Sells 351-Unit M-F Community in Fort Lee, NJ
The Crest at Fort Lee, a 351-unit apartment community, has been sold by Capri Capital Partners for $120 million to Pantzer Properties.