Business Specialties
The February digital edition of CPE is now available!
Editor’s Note: Repair, Replace, Recover At press time, Congress has just approved a $1.1 trillion spending bill funding the federal government until September. News Story: Hilton IPO Sets Record Once word came from private equity firm Blackstone Group in September that it was planning an initial public offering for Hilton Worldwide, anticipation began building. Trend Story: Fine Dining Takes to the Malls Fine dining and retail are colliding! Cover Story: Bridging the Gap Industry innovators find solutions to the nation’s infrastructure crisis. Finance Special Focus: New Visions: Smart Deals and Hubris Cohen Financial CEO Jack Cohen discussed the state of the…
Westmount Realty Capital Buys 1.5 MSF Industrial Portfolio in Chicago
Westmount Realty Capital acquired a 1.5 million-square-foot premier Chicago industrial portfolio sited in spots surrounding O’Hare International Airport from KTR Capital Partners.
Hillwood Communities to Break Ground on $600M Master-Planned Development in Little Elm, Texas
Hillwood Communities continues feeding the growing demand for new homes in Texas with two master-planned communities starting development this year, including a $600 million, 787-acre community in the Dallas-Fort Worth suburbs.
Colony Realty Sells 212 KSF Office Building in Midtown Atlanta
Colony Realty Partners has sold 730 Midtown in Atlanta’s Midtown submarket to a joint venture consisting of Harbert Management Corp.’s Harbert United States Real Estate Fund V L.P. and The Simpson Organization.
W.P. Carey Closes Merger with Affiliate REIT, Gets New $1.2B Credit Facility
W.P. Carey last Friday closed the merger with its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 – Global.
Kilroy Buys Hollywood Parcel for $300M M-U Project
Kilroy Realty Corp. has acquired a nearly four-acre parcel near the renowned intersection of Sunset and Vine from AMPAS in a $46 million deal, with plans to transform the site into a mixed-use development at a cost of $250 million to $300 million.
Simon Purchases Two Taubman Properties
Simon Property Group has acquired land in Syosset, N.Y., and a 50 percent interest in Arizona Mills in Tempe from the Taubman Centers for $60 million and 555,150 partnership units in Simon Property Group L.P.
Commercial Banks a Hit in CRE Borrowers’ Satisfaction Survey
Banks and life insurance companies are the preferred lenders for commercial real estate borrowers, who are likely to increase their overall borrowings this year, according to a new survey by the CRE Finance Council.
Silicon Valley Office Portfolio Yields $200M in Financing for Carl Berg
NorthMarq arranged financing for an unencumbered, 711,000-square-foot office portfolio in California’s Silicon Valley through Prudential Mortgage Capital Co.
CBRE Adds Environmental Firm to European Consulting Group
The acquisition of VALTEQ is the latest in a series of major moves by CBRE in Europe.
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