Business Specialties
RW Kline Breakup Creates CMBS Shop for Cushman & Wakefield
RW Kline Cos., of Scottsdale, Ariz., has been sold and split into three pieces, and one of those parts will find a new home at Cushman & Wakefield Inc. as North America’s largest CMBS debt restructuring practice.
PM Realty Group Brings M-F Management Services In-House
The diversified service firm has brought property management under its own roof and tapped former Omnium Management Co. executive Joan Maxwell to lead its expansion.
INTERNATIONAL: Kempinski Plans November Debut for Luxury Hotel in Myanmar’s Capital
Europe’s oldest luxury hotel group, Kempinski Hotels, will open its first property in Myanmar on Nov. 1.
Neiman Marcus’ Planned NYC Debut Marks a Retail Milestone, Insiders Say
The Dalas-based luxury retailer is the latest high-profile addition to the retail roster at Related Cos.’17 million-square-foot mixed-use project on Manhattan’s West Side.
DDR CEO Hurwitz to Depart at End of 2015
DDR Corp. made an unexpected announcement on Friday that CEO Daniel Hurwitz will leave the shopping center REIT after his employment agreement expires at the close of 2015.
Principal, Macquarie Team Up to Tackle CMBS Market
In a combination of Midwest and Down Under, U.S.-based Principal Real Estate Investors, the real estate arm of Principal Global Investors, and Macquarie Group, out of Sydney, Australia, are creating Principal Commercial Capital, which will focus on originating and securitizing commercial mortgages in the CMBS market.
Executive Spotlight: Riggs Kubiak, Honest Buildings
Riggs Kubiak, founder & CEO of Honest Buildings, talks about his formation of a platform that New York real estate developers and owners can use to connect with architects, contractors and other vendors.
In $183M Deal, Vail Acquires Park City Ski Resort from Powdr
Ending a legal battle, Vail Resorts is buying Powdr’s top-ranked ski destination in Park City, Utah, for $182.5 million..
Inland Real Estate, PGGM to Develop Power Center in Chicago
Inland Real Estate Corp. and Dutch pension fund advisor PGGM are teaming up to develop Pulaski Promenade, a 133,000-square-foot power center on Chicago’s southwest side.
LaSalle Hotel Properties to Sell Newport Asset for $77M
LaSalle Hotel Properties has agreed to sell the luxury, 208-room Hotel Viking in Newport, R.I., for $77 million.