Business Specialties
Executive Spotlight: Bill Passo, Passco Cos.
Twenty years ago, Bill Passo was a pioneer in tenancy-in-common investments in the commercial real estate sector. He continues to run his 15-year-old, California-based firm today with a focus on retail and multi-family properties.
Fallon Co. JV to Develop 516 KSF Office Building in Boston’s Seaport District
Fan Pier, the $3 billion, 3 million-square-foot mixed-use development in Boston’s Seaport District, gets a boost with $204 million in construction financing for its latest tower, the 516,000-square-foot building at 100 Northern Ave.
JLL: CRE Globalization Picks Up Pace in 2014
Commercial real estate transaction volumes on a global scale are up 23 percent year over year, reaching $130 billion, according to JLL.
Harbor Group Affiliate Buys 456-Unit M-F Community in Houston
An affiliate of Harbor Group International has purchased Westchase Creek, a 456-unit multi-family community in Houston’s Westchase District, for an undisclosed sum.
Special Sustainability Report
Net-zero building roster grows, but district-wide applications falter.
LaSalle Acquires San Francisco’s Hotel Vitale for $130M
LaSalle Hotel Properties has acquired Hotel Vitale, a 200-key lodging in San Francisco, for $130 million.
Volkswagen Taps JLL as Exclusive RE Service Provider
Volkswagen Group of America has appointed JLL as its exclusive provider of real estate services, including integrated facility management, transaction management, lease administration, strategic consulting and project management.
International: Georgia’s Tallest Residential Tower Rises on Black Sea Coast
Developed by locally based Tam Geo, the $80 million mixed-use Babillon Tower is rising in Batumi, a seaside resort city on the Black Sea coast and capital of Adjara, an autonomous republic in the country’s southwest region.
Parallel Acquires 384 KSF LA Area Office Tower for $102M
Parallel Capital Partners has completed a $102 million purchase of Shoreline Square in Long Beach, Calif., marking its second office acquisition in the region in just two weeks.
Starwood Hotels & Resorts to Open 17 New Properties in Latin America
Starwood Hotels & Resorts has unveiled plans to open 17 new hotels in Latin America over the next two years.