Business Specialties
$75M Renovation Produces Westin New York Grand Central
Westin Hotels & Resorts has opened a flagship property in the heart of midtown Manhattan, following a $75 million renovation to the former New York Helmsley Hotel.
C&W Arranges 295 KSF Office Lease for Sutter Health
Sutter Health has signed a 10-year lease on an office building in California that will bring more than 1,000 new jobs to the area.
JLL Joins Team Developing $1B M-U Project in W. Va.
Genesis Partners has recruited JLL to help push forward what is believed to be the largest multi-use development public-private partnership in the nation.
315-Room Westin Imagine Hotel in Orlando Trades
ERGS WI Orlando REO has bought the 315-room Westin Imagine Hotel in a premier location of Orlando.
Square Mile Plays $68M Role in Recap of 5 MSF California Office Portfolio
Square Mile Capital Management originated a $68 million mezzanine loan for the recapitalization of a 5 million-square foot Southern California office portfolio.
Avison Young Buys Former Grubb Affiliate in Raleigh-Durham, NC
Avison Young has acquired Thomas Linderman Graham Inc., which will further expand the company’s presence in the Southeast region of the United States.
A Monumental U.S. Property Fund Index
A webinar hosted by the Pension Real Estate Association and Investment Property Databank this week unveiled the consultative release of the new Index for the second quarter of 2012, which encompasses the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector specific funds.
Miami Gets First LEED-Certified Hotel with 221-Room Hampton Inn & Suites
The Hampton Inn & Suites Miami just got the U.S. Green Building Council’s Leadership in Energy and Environmental Design certification, making it Miami’s first LEED-certified hotel.
Pegasystems Settles into 162 KSF in Cambridge, Mass.
Software firm Pegasystems relocated to its new headquarters, a 162,000-square-foot premier office space at One Rogers St.
Greystone Expands Extensive Bridge Loan Services to Healthcare Sector
Greystone is expanding its bridge loan service to the healthcare sector, especially independent living, assisted living and skilled nursing facilities.