Corporate Real Estate
Carlson Real Estate Engages Eastdil Secured for 5.5 MSF Portfolio
Carlson Real Estate Co. has engaged investment banking firm Eastdil Secured to “assist in reviewing and evaluating strategic alternatives” for CREC’s 5.5 million-square-foot real estate investment portfolio in Minnesota, Arizona and North Carolina.
Chinese Firm HNA Property Holding Spends $130M on NYC's Cassa Hotel
HNA Property Holding Group Co. purchased the 165-room Cassa Hotel in midtown Manhattan from Assa Properties for $130 million. The transaction was helped by a $65 million senior loan from PCCP L.L.C.
CBRE Gets $61M Refi for 3 Nestlé Buildings in Tampa
A 2.2 million-square-foot industrial and office portfolio, leased in its entirety to Nestlé USA Inc., has been refinanced to the tune of $61 million, courtesy of a transaction orchestrated by CBRE Capital Markets.
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.
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.
Feature: Trailblazing Builder Bob Voit Retools for the Next Cycle
With a career spanning half a century and with more than 45 million square feet of development, acquisitions and property management bearing his mark, Bob Voit has solidified his legacy in the industry. By Paul Rosta.
Editor’s Note: Technology’s Advance
Exciting new technological developments are advancing the industry, no matter what the uncertain economic climate may bring. By Suzann Silverman, Editorial Director.
Lionheart Capital Purchases 700 KSF Miami Heart Institute
With the acquisition of the former Miami Heart Institute, Lionheart Capital L.L.C. has just gotten its hands on a prime waterfront property in Miami. The real estate investment firm acquired the 700,000-square-foot facility from Mount Sinai Medical Center.
DivcoWest Spends $53M on Two-Building Austin Office Park
San-Francisco based DivcoWest has acquired Prominent Pointe I & II, a two-building, 261,243-square-foot Class A office project in Austin, Texas, for a reported $53 million from Aspen Properties.