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Parallel Capital to Manage 1 MSF Honolulu Portfolio
The San Diego-based company assumed asset management of a collection of downtown Honolulu office and retail properties, and added a new regional vice president for the Hawaii market.
Park Hotels, Chesapeake Lodging Trust to Merge in $2.7B Deal
Once the transaction is completed, the resulting company will own a 35,384-key, 66-property portfolio and have an estimated enterprise value of $12 billion.
Top 10 Industrial Completions in the Inland Empire
Last year, developers added more inventory to the market than at any point during the past decade, with new product concentrated in only a handful of submarkets.
Real Estate Gives Back: Don Peebles Champions Economic Equality
Through his development business and his philanthropic efforts, the Peebles Corp. CEO lifts up students, budding entrepreneurs and minority-owned businesses.
CPE’s Top 5 Posts in April
Miss any of our articles? Catch up with five of our most popular posts for the month.
Nightingale Properties to Buy Coca-Cola Building for $907M
The soft drink giant put the Manhattan property up for sale late last year, enlisting Cushman & Wakefield to market the historic asset.
Opportunity Zones Can Make a Great Deal Greater
At a recent event organized by Mazars, Dean Adler explained how his team aims to turn a closed power plant in Philadelphia into a 1 million-square-foot, mixed-use destination—with a little help from the IRS.
Feil Organization Buys Metro Tampa Office Asset
Working on behalf of the seller, Transamerica, Newmark Knight Frank facilitated the disposition of a 245,000-square-foot building situated in the Tampa Bay/St. Petersburg market.
Wexford Buys DoubleTree Near Nashville Airport
HREC arranged the sale of the 138-key all-suites hotel, which provides quick access to both downtown and Opryland. Hospitality Ventures Management Group was the seller.
Momentum Persists for Industrial, Office Sectors; Lags for Retail
Occupants and investors believe that online shopping will continue to weaken the retail market, according to a new RICS U.S. Commercial Property Monitor report.