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The Rockefeller Group Names Nakajima Acting President, CEO
Atsushi Nakajima has been named acting president & CEO of The Rockefeller Group, succeeding Kevin Hackett, who recently completed a four-year term in those positions and joined the global law firm Proskauer as a member of its Private Equity Real Estate practice.
Shekar Blogs on Multi-Family Finance Reform
Shekar Narasimhan offers his presentation on multi-family finance reform in 2013 for discussion.
Clarion Grabs One Oak Park, Expands Westchase Park in Houston
Clarion Partners has acquired One Oak Park, a six-story, 153,342-square-foot, Class A office building in the Westchase submarket of Houston, where it is also planning to expand the Westchase Park property it bought six months ago.
Ground Breaks on $450M Brigham Research, Clinical Facility in Boston
Boston’s status as the leading life sciences hub in the country will only be bolstered now that ground has broken on Brigham and Women’s Hospital’s $450 million Brigham Building for the Future.
Twitter Chat: Randy Mason on Power of the Tenant, Benefits of Subleasing
Randy Mason (Randolph T. Mason) joined CPE for a live Twitter Chat. The transcript follows.
Prologis Adds Distribution Center to Wroclaw V Park
Prologis is expanding its presence in Poland, where it will construct a 376,000-square-foot, build-to-suit distribution center for a leading Polish retailer.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
USAA Sells 5 MSF Industrial Portfolio to Duke
Duke Realty Corp. continues boosting its industrial holdings with its latest acquisition – a nearly 5 million-square-foot, Class A, eight-property portfolio sold by USAA Real Estate for $311 million.
AEG, MGM Resorts Team Up to Build Long-Awaited Arena on the Strip
The long and winding road to a Las Vegas sports arena project seems to be nearing its end after a recent announcement was made that a new joint venture was created specifically for such a development. AEG and MGM Resorts International made the announcement that the formal steps have been taken for a JV that will handle a comprehensive revitalization of the area between the NYC and Monte Carlo resorts. The development will constitute an investment of around $350 million.
CPE Wins NAREE Awards
Commercial Property Executive took home multiple honors from the National Association of Real Estate Editors 63rd Annual Journalism Awards.