Business Specialties
L.A.-Based Lee & Associates Opens NYC Doors, Merges with Sierra
L.A.-based Lee & Associates, in a merger with Sierra Realty, opened its first office in New York City and will be focused primarily on the retail sector but will look to make headway into office leasing.
CBRE Closes on ING’s Europe Operations for $540M
In another piece of its acquisition of ING Group’s real estate management operations, CBRE has just closed on the European business — paying $540 million — after nabbing the Asia operations last month.
FDIC Regional Office Re-Ups in Midtown Atlanta
FDIC, the banking oversight agency, has re-upped for 102,619 square feet at Ten 10th Street, the building’s owner, Parkway Properties Inc., said Monday.
Lincoln Eyes Long-Term Upside in $76M Orange County Buy
Lincoln Property Co. has snapped up the Towers at Bella Terra, a 420,000-square-foot office and retail complex in Huntington Beach, Calif., in a $76 million cash transaction green-lighted by the state Superior Court.
Liberty Kicks Off 1.2 MSF Industrial Project in Lehigh Valley
The $62 million project will provide new big-box industrial space to a thirsty market and reclaim a brownfield site that was once home to the Bethlehem Steel Corp.
Crowne Plaza Tampa East Purchased by Interstate Hotels
Interstate Hotels & Resorts has just announced its acquisition of the 265-room Crown Plaza Tampa East in a joint venture with Waramaug Hospitality L.L.C. and a private investment group.
Industry Leaders Dial Back Expectations: Real Estate Roundtable
While several surveys of late have generally said the economic outlook is improving, the CRE executives at the Real Estate Roundtable have seen their outlook drop to its lowest point since 2009.
ULI Special Report: Capital Markets Executives Say “Be Patient”
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
ULI Special Report: Opportunities and Emerging Trends
While respondents to this year’s Emerging Trends poll took a somewhat pessimistic view of the market, panelists commenting on those results at the ULI Fall Meeting on Thursday took a less negative stance.
$4.4M Parcel Sale Paves Way for Hyatt at Los Angeles-Area Mixed-Use Project
A new transaction between Thomas Properties and OTO Development has paved the way for the addition of a new Hyatt to the increasingly hungry Los Angeles International Airport submarket.