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Check Out CPE’s Digital Edition
The digital edition of CPE‘s magazine is live, with interviews with Robert Futterman, Kevin Maggiacomo, and all the news and information you need. Read more here.
Walt Rakowich Inspires ProLogis’ Rapid Rebound
From our print edition: Walt Rakowich knows firsthand that the best-laid plans have a knack for taking surprising detours.
Jeffrey Finn: Finding Opportunities
NAI Global president & CEO Jeffrey Finn comments on CPE TV about the state of the real estate market and identifies areas of opportunity.
JLL Adds Cissel, Melnick to Its Multifamily Investment Sales Business
Jones Lang LaSalle continues to aggressively expand its leadership. Al Cissel and Scott Melnick have joined the firm’s Mid-Atlantic multifamily investment sales practice as managing directors. The two industry veterans will work out of the Maryland office.
Transition Year
The office vacancy rate is nearing its peak for this cycle, but the market will remain soft in 2010, according to Josh Scoville, director of strategic research for PPR, a CoStar Group company.
Ready to Buy?
When will the distressed-asset market reach a point at which buying such properties will make sense? Respondents to CPE’s latest fast poll largely think the time is now or fast approaching.
Penn National’s $400M Columbus Casino Moves Forward with Land Purchase
Given the lackluster state of the gaming market, most developers with access to hundreds of millions aren’t making a beeline to build casinos, but there are always exceptions such as Penn National Gaming. The Wyomissing, Pa.-based gaming facility owner and operator just made a major move toward the realization of its $400 million Hollywood Casino in Columbus, Ohio, with the acquisition of a 123-acre brownfield site on the city’s west side.
Approval of Master Plan Paves Way for Beleaguered GGP’s Massive Mixed-Use Project in Suburban Maryland
Debt-laden General Growth Properties is in the midst of restructuring after having filed for Chapter 11 bankruptcy projection in April 2009, but the Chicago-based REIT is not allowing its current financial woes to sideline development plans.
SF’s Transbay Terminal to Benefit from Influx of Funds
Two different streams of funds will provide for reconstruction of San Francisco’s Transbay Terminal: $400M in stimulus cash and a $171M loan from the Transportation Infrastructure Finance and Innovation Act.