Featured
LaSalle Taps HSBC’s Kern for CEO Americas Job
HSBC’s loss will be LaSalle Investment Management’s gain. LaSalle has snapped up Jason Kern, an HSBC managing director & head of the company’s Asia-Pacific Real Estate & Lodging Advisory Group, to serve as LaSalle’s new CEO of the Americas.
Jefferson Apartment Group to Build 178-Unit M-F Project in Orlando
Construction activity is underway for JAG’s latest project, Azul Baldwin Park in Orlando’s thriving, 1,100-acre Baldwin Park neighborhood.
Songy, Carlyle Purchase 430 KSF Houston M-U Property
The Carlyle Group and Songy HighRoads have bought Galleria Plaza, a 428,300-square-foot high-profile, mixed-use property in Houston.
Waveland JV Plans $160M M-U for Suburban Denver
Waveland Ventures, along with partners Jackson Street Holdings and Arrival Partners, has a mixed-use plan in the works for the active Fitzsimons neighborhood in Aurora, Colo.
Picerne Constructing 248-Unit Apartment Project for Hungry Denver Market
The Picerne Group is working hard to answer the increasingly loud cry for apartments in Denver with the construction of a luxury apartment property in the thriving Denver Tech Center area.
Meridian, Eastdil Arrange $275M Financing for NYC Hotel
Meridian Capital Group and Eastdil Secured have negotiated $275 million in permanent financing for the $325 million
acquisition of the fee position in NYC’s Milford Hotel, on behalf of a partnership between David Werner and Deutsche Bank Asset & Wealth Management.
Last Chance: Distinguished Achievement Awards
Have you entered? Distinguished Achievement Awards submissions are due on Monday! CPE is now accepting submissions for the 2013 Distinguished Achievement Awards. The awards program, now in its third year, recognizes the commercial real estate industry’s most noteworthy properties and transactions. The winners will be selected by a panel of judges representing expertise across commercial real estate disciplines. Finalists will be announced in May on commercialsearch.com/news, and winners will be published in the July issue of Commercial Property Executive. (Read about last year’s winners, profiled in the July 2012 issue.) The entry deadline has been extended to April 1, 2013….
$10B Development Project in Ghana to Feature Tallest Building in Africa
One of the most ambitious development initiatives on the African continent, Hope City Development, recently held a sod cutting ceremony, in the presence of a number of state officials and business partners of the massive project.
Maguire Recapitalizes LA Office Campus with $105M Loan
Maguire Investments has recapitalized Water’s Edge, its two-building, 6.5-acre “creative office campus” in LA’s Playa Vista submarket, with a $105 million loan.
Paladin Realty Forms JV with Brazilian Homebuilder, YOU
Paladin Realty Partners, a real estate investment fund manager focused on Latin America, has formed a new programmatic joint venture with YOU Inc. Incorporadora e Participações S.A. to develop middle-income housing in São Paulo, Brazil.
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