Corporate Real Estate
ULI: Emerging Trends in Europe Bearish for '12
“Debt” is going to be the name of the game for the European real estate markets in 2012, according to Emerging Trends in Real Estate Europe 2012, the industry forecast published by PwC and the Urban Land Institute.
JLL Adds to Tenant-Rep Side with Purchase of Australian Firm
Jones Lang LaSalle has acquired Sydney-based tenant advisory firm MPS Properties, adding approximately 43 million square feet of Australian office space to the company’s management rolls.
Studley, Boyd Execs Form D.C. Tenant-Representation Firm
Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.
Lucescu Closes Phase Two of $166M Scottsdale Promenade Sale
In a $66 million deal that completes the second phase of the Scottsdale Promenade sale, Lucescu Realty has sold the Promenade Corporate Center to Excel Trust, a publicly traded REIT.
CBRE: Global Outlook for CRE Remains Cloudy in '12
According to a year-end report by CBRE Group, the safest real estate assets –- prime properties in prime locations -– saw the lion’s share of the activity in 2011, but it may be difficult to continue that same level of activity in the new year.
NorthMarq Restructures, Promotes Two to President Role
NorthMarq Capital has kicked off 2012 with some major changes at the top, as the firm has named Jeff Weidell and William Ross, who had held the respective positions of managing director and executive vice president, as presidents of the company.
PNC Bank Renews 131 KSF of New Jersey Office Space
PNC Bank has decided to stay put at its longtime digs in East Brunswick, N.J., with the signing of a 131,400-square-foot lease at Two Tower Center Blvd.
Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group
Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.
Exclusive: Industrial Back to Pre-Recession Levels, According to Cushman
New leases for industrial properties “returned to levels not seen since prior to the 2008/9 recession,” according to a new fourth-quarter 2011 report by Cushman & Wakefield Inc.
Marcus & Millichap Opens Office in White Plains, N.Y.
It’s not just Manhattan that’s attracting investors to New York, and Marcus & Millichap Real Estate Investment Services has made a move to expand its services in the state with the opening of a new office in White Plains.