Corporate Real Estate
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.
Avison Young Opens Vegas Office
The largest independently owned commercial real estate services company in Canada is about to grow even larger, as Avison Young has just opened a Las Vegas office with Joseph Kupiec at the helm.
Industry Movers: Promotions and Hirings
The CRE industry continues to grow and evolve, and Newcastle, SRS, Wilson and Aardex have all made some personnel changes of late.
CBRE Names CFO, CAO for Global Investment Unit
On the heels of closing its purchase of Netherlands-based ING Group N.V.’s real estate investment operations in Europe, CBRE Global Investors has named Maurice Voskuilen as its new global CEO & CAO.
Four-way Merger Creates New CRE Company in Idaho, Montana
Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis.
Realtors Expo: CRE Markets to See Improvement in 2012, 2013
“Blame it on the economy” was the take-home message at last week’s Commercial Real Estate Business Trends Forum at the 2011 Realtors Conference & Expo — but there are bright spots on the horizon.
General Growth, Kimco JV to Redevelop Maryland Mall for $70M
Owings Mills Mall, a 25-year-old, 1 million-square-foot regional mall in northwest Baltimore County, will be undergoing redevelopment through a new joint venture of General Growth Properties and Kimco Realty.
Salus Spends $57M in D.C.’s Rosslyn Corridor
In another deal for the Washington, D.C., metro area’s Rosslyn Corridor, Salus Property Investments has purchased 1400 Wilson Blvd. for $57 million.
MetLife Sells 50% Stake in Houston’s Wells Fargo Plaza to NY Fund
In a move to “diversify its portfolio,” MetLife Inc. announced that it has completed the sale of a 50 percent interest in Wells Fargo Plaza to New York State Common Retirement Fund.