Business Specialties
CPE 100 Quarterly Sentiment Survey: Job Market Growth to Boost Demand for Space in 2014
Half of executives surveyed say that end users will seek more space for expanded departments or geographic growth in 2014.
Toyota to Move U.S. HQ to Texas
Saying it is designed for better customer service and sustainable, long-term growth, Toyota is moving its North American headquarters and about 4,000 jobs to Plano, Texas, to a state-of-the-art campus expected to break ground in the fall and be completed by 2017.
Griffin Capital Grabs Wyndham Worldwide HQ in Parsippany, NJ
Griffin Capital Corp. has snapped up Wyndham Worldwide’s 250,000-square-foot corporate headquarters facility in Parsippany, N.J., for $97 million.
George Smith Partners Arranges $51M Bridge Loan for Renovation of M-U Property in Newport Beach, Calif.
The Lido Marina Village, a mixed-use property in Newport Beach, Calif., is ready for renovation now that a $51.4 million loan has been arranged, courtesy of George Smith Partners.
Hyatt, LATAM JV to Develop 10 Hotels in Central America, Mexico
An affiliate of Hyatt Hotels Corp. has entered into a master development agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico, and Hyatt affiliates have entered into franchise agreements with LATAM for the first five hotels.
DDR Sells Brazilian Retail Investment for $344M
DDR Corp. has sold its 50 percent ownership interest in Sonae Sierra Brazil BV Sarl, a Brazilian retail center, to German investor Alexander Otto for $344 million.
Herrick Co. Buys 44 CVS-Leased Retail Properties for $190M
The Herrick Co. shelled out $190 million on the acquisition of a portfolio of triple-net leased retail/pharmacy locations spanning 17 states, all of which are leased to CVS Caremark, from Fortress Investment Group.
Marcus & Millichap Expands into Canada, Opens 3 Offices
Marcus & Millichap has entered Canada with not just one office, but three: in Toronto, Vancouver and Calgary.
Guest Column: A Bid for TRIA
Commercial real estate industry executives are watching Congress closely as it considers whether to extend the Terrorism Risk Insurance Act, a backstop for private insurance companies so they can offer terrorism insurance.