Business Specialties
Skanska Awarded $87M NYC Subway Construction Contract
Skanska USA’s civil infrastructure division, Skanska USA Civil, in a joint venture with RailWorks subsidiary LK Comstock and Co., has secured an $87 million contract with the Metropolitan Transportation Authority to provide construction services for the Second Avenue Subway systems project in New York City.
Insight Spends $75M to Transform Silver Spring Post Office into Apartments
Insight Property Group, along with partner Nova-Habitat Inc., has selected the USPS’s Silver Spring facility as the site of a 310-unit, $75 million apartment project.
Chartres, Apollo Global JV Buys Times Square Novotel in $212M Deal
Under a sale and management-back agreement, a subsidiary of Accor Business and Leisure Management has sold the 480-room Times Square Novotel in New York to a joint venture of Chartres Lodging Group and Apollo Global Real Estate Management.
Hollywood Casino Opens at Kansas Speedway
By Gabriel Circiog, Associate Editor The green flag was waved at Kansas Speedway as the Hollywood Casino opened its doors. The new casino was developed and will be operated by Kansas Entertainment LLC, a 50/50 joint venture of Penn Hollywood Kansas Inc., a subsidiary of Penn National Gaming Inc. and Kansas Speedway Development Corporation. The […]
Distressed Debt & Asset Update: Rough Path to Recovery
Increased transaction flow, driven by real estate investment trusts and distressed deals — in turn aided by improved access to debt and equity capital — has helped revive the commercial real estate markets as property fundamentals continue to improve. By Steven Bandolik and Mark Wojteczko.
Finance & Investment: The Future of Automation: Is CRE Ready for Full-Scale Electronic Loan Processing?
The commercial real estate industry has long lagged behind when it comes employing electronic automation. Are we finally ready for automated loan processing? By Keat Foong.
Law & Policy: How to Achieve Resolution Despite Many States' Years-Long Tax Court Backlogs
Real estate owners and managers have been appealing their assessments with ever-increasing regularity, weighing down local and state tax board and court dockets with a ponderous backlog. By J. Kieran Jennings, Esq.
Visionary: The New Technology
Liberty Property Trust chief information officer Steve Messaros spoke with CPE about the integrated, corporate-level approach the REIT has taken to its business strategies, and in particular how technology and real estate work together. By Suzann Silverman.
Technology: Software Integration Comes of Age in Commercial Real Estate
Commercial real estate is notorious as a lagging adopter of new technologies, but even so, the industry is coming to appreciate the value of software systems integration. By Dees Stribling.
Aid in the Shade: Coming Development Wave to Include Sophisticated Shading Devices
Over more than a decade, commercial property executives in Germany and other European nations have come to rely on an energy-conserving mechanism that has yet to catch on in the United States: exterior sun-shading devices. By Brad Berton.