Business Specialties
Bernards, Colombo Break Ground on New California Hospital
Ground is scheduled to break in February on the new $56 million Tehachapi Hospital in Tehachapi, Calif.
JLL, HSBC Sign Record-Setting Facilities Management Contract
In what reportedly is the largest outsourcing contract of its kind by a financial services firm, Jones Lang LaSalle has been selected by banking giant HSBC as its sole global outsourcing provider of integrated facilities management services.
Phillips Edison–ARC Shopping Center REIT Acquires 508 KSF Shopping Center Portfolio in Atlanta
Phillips Edison-ARC Shopping Center REIT has started the new year where it left off in 2012 – with another acquisition – a portfolio of six grocery-anchored shopping centers in the Atlanta area, which the Cincinnati-based REIT acquired for $60.5 million.
Mack-Cali Acquires Two Luxury M-F Properties in Metro Boston
Mack-Cali Realty Corp. has acquired Alterra at Overlook Ridge IA in Metro Boston for approximately $61 million and has also agreed to acquire Alterra at Overlook Ridge IB for approximately $89 million from a joint venture that includes Prudential Insurance Co. of America.
Avison Young Wins Global Transaction Management Assignment with Sun Chemical Corp.
The Canadian real estate services firm that has been expanding rapidly in the United States has won contracts with two N.J.-based multinational companies – Sun Chemical Corp. and C.R. Bard Inc. – to manage their global transactions.
Interstate,Waramaug JV Buys Orlando-Area Resort
In its fifth joint acquisition over the past two years with Waramaug Hospitality, of Washington, Conn., Interstate Hotels & Resorts has acquired the Radisson Resort Orlando – Celebration, in Celebration, Fla.
Digital Realty Acquires Three-Property Data Center Portfolio in Paris for $80M
Digital Realty Trust has acquired a three-property data center portfolio in the Paris area for $80 million. The seller was Bouygues Telecom, France’s third largest telecommunications operator.
Sony to Sell Manhattan HQ to Chetrit, Partners in $1B Sale-Leaseback
With commercial real estate investment brokerage and banking firm Eastdil Secured leading the marketing effort, Sony has settled on a buyer for its Manhattan headquarters building at 550 Madison Ave.
Host Hotels & Resorts Sells Atlanta’s Largest Hotel for Reported $293M
Host Hotels & Resorts has sold the 1,663-room Atlanta Marriott Marquis to an undisclosed buyer for a reported $293 million.
Berkadia Funds $1.5B M-F Portfolio in Baltimore-D.C. Area
Berkadia Commercial Mortgage has closed a $1.5 billion loan portfolio through Freddie Mac for Southern Management Corp.