Investment
NGKF Opens New Office in Colorado Springs
The Colorado Springs market is going through recovery, and Newmark Grubb Knight Frank has prepared itself for the impending turnaround with the opening of a new office in the city.
JLL: Rents Expected to Keep Rising at U.S. Skyscrapers
Rents are rising and vacancy rates are falling at America’s trophy skyscrapers, spurred by aggressive investors, tightening supplies and the growing technology, energy and healthcare sectors.
Starwood’s Big Plans for Sheraton in 2014
Starwood Hotels & Resorts Worldwide expects the next 12 months to reach record growth for its Sheraton Hotels brand, with 35 new hotels expected to open in emerging markets.
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.
Brookfield Acquires 460 KSF Office Asset in Dallas Suburb from Blackberry
Canadian investor Brookfield Property Group has bought Riverside Commons, a six-building, Class A office property in Irving, Texas, from Blackberry for an undisclosed amount.
Hackman Capital Buys Iconic 358 KSF Film Studio in Culver City, Calif.
Hackman Capital Partners has acquired The Culver Studios, a 358,200-square-foot independent film studio in Culver City, Calif., approximately 10 miles west of downtown Los Angeles.
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Although Cerberus stated no closures are expected as a result of its merging of Albertsons with Safeway, some analysts predict the transaction will result in duplication, calling for store closures in certain markets.
Google Capital Puts $50M into Auction.com
One of the world’s largest online real estate marketplaces, Auction.com, has received a $50 million investment, courtesy of Google Capital.
Guest Column: Obamacare and Commercial Real Estate
Healthcare real estate expert Lee Eastwood examines the impacts of the Affordable Care Act on commercial real estate.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.