Business Specialties
Harry K. Moore to Join Cassidy Turley
Commercial real estate services firm Cassidy Turley said Friday that Louisville, Ky.-based Harry K. Moore will join the company on May 13. Harry K. Moore was formerly affiliated with Colliers International.
Economy Watch: Home Sales Mushroom Ahead of Tax-Credit Sunset
As expected, existing home sales spiked in March, according to the National Association of Realtors. Compared with February, sales were up 6.8 percent to an annualized rate of 5.35 million. Compared with March 2009, sales are up 16.1 percent.
Kimco Forms JV with Canadian Pension Fund to Buy U.S. Shopping Centers
Prime neighborhood shopping centers will be the target of a new joint venture between New Hyde Park, N.Y.-based Kimco Realty Corp. and the Toronto-based Canada Pension Plan Investment Board. The partnership has kicked off with a $370 million investment that includes Kimco’s contribution of a 2 million-square foot portfolio of five properties.
New Partnership to Develop Affordable Housing Across the Globe
The affordable housing problem extends far beyond U.S. borders, and Indianapolis-based 3D Global Solutions has just formed a new partnership in an effort to address the problem. The Indianapolis-based consulting firm entered into a Joint Development Agreement with Toronto’s Innovative Composites International Inc. for the creation of affordable housing and temporary shelters around the world.
Economy Watch: Simon Ups the Ante For GGP
The word from Indianapolis on Wednesday was the Simon Property Group has rounded up another billion-plus dollars to sweeten its bid for bankrupt General Growth Properties and its succulent portfolio of 200 or so regional U.S. malls.
Canyon Capital Provides $25.5M Bridge Loan for Kansas City Condo Project
Canyon Capital Realty Advisors has provided $25.5 million in financing for a condominium project in Kansas City, Mo. The senior bridge loan was made to Park Place KC, LLC to purchase an existing construction loan along with completing the remaining unsold 85 condominiums at One Park Place, a 20-story building designed by Skidmore, Owings & Merrill.
Economy Watch: Resort Unveils Unusual Green Amenity
Lake Geneva, Wis., is a resort town best known to Chicagoans, but now it has another distinction, both in real estate and green-energy. On Tuesday, the Grand Geneva Resort & Spa unveiled an on-site charging station for electric and some hybrid automobiles.
Colliers Reaches Milestone in Brand Integration
Colliers International has launched its new global brand, a major step in the integration of its global operating platform and service lines. Earlier this year, Colliers and FirstService Real Estate Advisors announced that they would join forces under the Colliers International brand.
Colliers: Investors More Sanguine Than Expected
It’s not just pollen or volcanic ash that’s in the air in various locales around the world; optimism regarding the commercial real estate market is floating around, too.
Economy Watch: Brown Taking Moody’s to Court
In a particularly Jerry Brown turn of phase, the California Attorney General said on Monday that Moody’s Investors Service is “blowing off” the state of California.