Business Specialties
Parkway Properties to Pay $475M for 22 Office Assets, Then Sell Most
The office REIT is under contract to buy a 2.1 million-square-foot portfolio of Class A assets spanning six Sunbelt states for $475 million.
Fosun, JLL Team Up to Lease NYC’s One Chase Manhattan Plaza
A year after acquiring One Chase Manhattan Plaza for $725 million, Fosun Property Holdings is nearing completion of the 2.2-million-square-foot Manhattan tower’s repositioning and has enlisted JLL to facilitate leasing.
Venable Pre-Leases 250 KSF in New Washington Office Building
In the first quarter of 2017, Venable L.L.C., a national law firm, will move its Washington, D.C., headquarters to a building under construction at 600 Massachusetts Ave., N.W.
Madison International Acquires 50% Stake in Oslo Luxury Retail Center
Madison International Realty has acquired a 50 percent stake in The High Street Shopping Co., a major retail shopping development in Oslo, Norway, from Schage Eiendom.
Cassidy Turley to Merge with DTZ Consortium
Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to be sold to the consortium by the end of the year.
INTERNATIONAL: URBN Shanghai Reopens After Renovations
Cachet Hotel Group has reopened URBN Hotel, Shanghai’s award-winning eco-boutique hotel, following a series of renovations.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
JLL Brings Maureen Ehrenberg Aboard Integrated Facilities Management Business
JLL has just tapped Maureen Ehrenberg, formerly global director of facilities management at CBRE, to serve as executive managing director for the firm’s Integrated Facilities Management business in the Americas.
Executive Insights: Daniel Kline, Delancey Street Capital
Daniel Kline, founder of Delancey Street Capital, talks about the Baltimore Class B and C multi-family market.
Rockpoint Group Closes Fund with Nearly $1B in Commitments
Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.