Business Specialties
IREM Special Report: Getting and Keeping Young Talent
Young property managers and executives offer insights at IREM’s fall conference in Scottsdale.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
Building Up
(M-F/CRE construction loans held on bank balance sheets; $ in billions) For more on bank holdings and underwriting, see “Measuring Success” in the November 2013 issue of Commercial Property Executive.
Brookfield Multiplex Completes $137M Green Office Development in Melbourne
Global contractor Brookfield Multiplex just finished building 171 Collins St., the city’s first premium-grade commercial development in 20 years, for $137 million.
IREM Special Report: Embrace Transformative Change, Beware of Complacency, Yardi Founder Urges
In his keynote address, Anant Yardi emphasizes paying attention to customer needs, embracing technology in all its forms and the value of steady yet flexible leadership.
Intu, CPPIB JV Acquires 807 KSF Shopping Center in Northern Spain
Intu Properties and the Canada Pension Plan Investment Board have jointly acquired the Parque Principado Shopping Center in Asturias, Northern Spain, for $220 million.
RE World Wants Next NYC Mayor to Keep Bloomberg Policies in Place
According to speakers on a Newman Institute panel titled “New York’s Next Urban Agenda,” the impact on real estate of Mayor Bloomberg’s 12 years in office has been broad and sweeping: 37 percent of the city has been rezoned, and it has added new stadiums and luxury housing along the Williamsburg and Queens waterfronts.
Manhattan’s South Street Seaport Redev Breaks Ground
Redevelopment of Pier 17 at Manhattan’s South Street Seaport into an upscale retail, entertainment and dining venue topped by a one and a half-acre rooftop offering city and harbor views began Thursday with a groundbreaking ceremony.
Vornado Buys $194M Land, Air Rights for Central Park Condo
Vornado completed the acquisition of the land and air rights for 137,000 zoning square feet in a transaction valued at $194 million.