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601W Cos. Buys Chicago’s Sullivan Center Office Space for $176M
JLL’s Capital Markets group handled the sale and arranged acquisition financing for the New York City-based company, which purchased the property from a joint venture of KKR and Madison Capital.
Largest Coldwell Banker Commercial Affiliate Split Up, Sold
In separate deals, First Capital and Colliers International bought CBC Advisors and its 16 nationwide offices, which collectively have more than $4 billion in assets under management and closed more than $2 billion worth of transactions in 2017.
What to Expect From CRE Valuations
BDO USA’s Bob Martinek and John Provenzano examine current commercial real estate valuations and reveal which sectors they believe still have room for growth.
Hyatt Adds $3B Atlantic City Resort to Unbound Collection
Scheduled to open this summer, the Ocean Resort Casino marks the rebirth of the trophy property originally known as the Revel.
Cleveland-Cliffs Breaks Ground on $700M Toledo Plant
The facility is scheduled to start operation by the summer of 2020 and create 130 new jobs. Construction of the project, situated at the Ironville Terminal in the Port of Toledo, is expected to generate an additional 1,200 jobs.
Lincoln Equities Group Plans 1.6 MSF NJ Industrial Project
The company has agreed to acquire a 90-acre waterfront site near the Port of New York and New Jersey in Bayonne, where it plans to build a next-generation warehouse development.
Chicago, Airlines Ink $8.5B Expansion at O’Hare
The deal marks the largest capital expansion in the airport’s history, as well as the first major terminal improvement project in 25 years.
Meridian Capital Group Scores $60M for Manhattan Office Refi
Recently renovated by Himmel + Meringoff Properties, its longtime owner, the century-old building is located near Times Square in the Midtown West submarket.
CPE’s Top 5 March Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
The April digital issue of CPE is now available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read; or click on individual articles below for an in-depth look at the topics that most interest you.