Business Specialties
Carey Watermark Investors Buys Florida Resort & Spa
Carey Watermark Investors has acquired the Sawgrass Marriott Golf Resort & Spa, a 511-unit resort in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management.
EXPO Real Special Report: Redeveloping Cities in the Age of Startup
The second day at EXPO Real in Munich highlighted organization of urban areas to manage the advent of the Digital Age.
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Colliers Arranges $175M Loan for Granada Highlands in Malden, Mass.
Colliers International has arranged $175 million in financing through JP Morgan Chase for Granada Highlands, a gated multi-family community in Malden, Mass., owned by Metropolitan Properties of America.
$2B Miami Mixed-Use Project Takes Big Step Forward
The $2 billion Miami Worldcenter, one of the largest private real estate developments underway in the U.S., has just moved one significant step closer to realization.
INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco
L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.
C&W Inks Deal with Microsoft for Manhattan Flagship Store
The Microsoft Corp. has agreed to sign a lease for a flagship store at 677 Fifth Ave. in Manhattan, occupying the entire ground through fourth floors and a portion of the lower level of the building.
Executive Spotlight: Jim Postell, Transwestern
Jim Postell built two regional commercial real estate offices from the ground up in his home state of New Jersey, the first for Trammell Crow Co. and the second for Transwestern. That office was recently recognized as New Jersey’s “Best Place to Work” by NJBIZ.
Sustainable Contribution: Panasonic Marks One Year in Newark
One year ago, Panasonic Corp. of North America moved to Two Riverfront Plaza in Newark, N.J., built to be highly sustainable and in a location intended to benefit the community as much as the company. CTO Todd Rytting sat down with CPE to offer insights into the process and results.