Business Specialties
New York REIT to Acquire Twitter HQs in Manhattan for $335M
New York REIT Inc. has entered into a purchase and sale agreement to acquire Twitter’s 282,000-square-foot East Coast headquarters in Manhattan for a reported $335 million from Savanna.
P.B. Bell Snaps Up Phoenix M-F Assets for $170M
The P.B. Bell Cos. completed the biggest deal in the company’s history and one of the largest in the Phoenix area since the recession, snapping up seven apartment communities for $168.5 million.
KSG Grabs Hidrock’s SpringHill Suites New York for $82M
Malaysian company KSG Enterprises Ltd. is expanding its presence in the U.S. with the purchase of SpringHill Suites New York Midtown Manhattan/Fifth Avenue.
Parmenter Sells 846 KSF Dallas Office Complex
Eight years after acquiring Park Central 7-8-9 in Dallas, Parmenter Realty Partners has sold the 845,900-square-foot property to an institutional investor.
Atlanta Braves JV Picks Developers for $400M M-U Project
Three Atlanta-based companies will develop the 74-acre, $400 million mixed-use project previously announced for a site adjacent to the new Atlanta Braves stadium in southeastern Cobb County, north of Atlanta.
AUGUST ISSUE: Tech’s Top Towns
The impact of technology industry clients on commercial real estate markets is a well-known phenomenon, but ironically, the term may be something of a misnomer.
Israel’s Clal Insurance Buys Chicago’s Harper Court Office Complex for $112M
The Tel Aviv-based company made its second purchase in the U.S. real estate market with the 225,000-square-foot Harper Court mixed-use office and retail complex in Chicago’s Hyde Park neighborhood.
Normandy Taps Transwestern to Lease 352 KSF Office Park in NJ
Normandy Real Estate Partners has hired Transwestern to be its exclusive leasing agent for Park Place, a 30-acre premier corporate office complex in Florham Park, N.J.
Executives Think Globally, Offer Upbeat Outlook: CPE 100 Quarterly Sentiment Survey
By Paul Rosta, Senior Editor As commercial real estate becomes increasingly global, the latest CPE 100 Quarterly Sentiment Survey confirms that a growing number of industry executives are thinking beyond American borders. One-third of respondents to the second-quarter survey said the global real estate market has become more important to their business in the past 12 months, while half of respondents said the global market’s impact on their businesses remains unchanged. The executives surveyed said that investment and investment management offer the greatest potential during the next 12 to 18 months. Nearly six in 10 cited these sectors as offering…
2014 Top Property Managers
Responsive property management is one of the most important factors in achieving a strong bottom line. The firms in the 2014 MHN-CPE Ranking of Top Property Managers collectively operate over 13.5 billion square feet of commercial space and nearly one million units, no small feat considering the economic climate, challenging residents/tenants, and an ever-evolving institutional real estate landscape.
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