News
Dermody Properties Announces Top-Level Promotion
Former Chief Acquisition Officer Tim Walsh was promoted to chief investment officer, a position from which he will oversee the company’s origination activities.
Sizing Up New York City’s Far-Reaching Climate Bill
Real estate investors, developers and advisers are assessing the legislation, which is being praised for its boldness and criticized for focusing on large and medium-sized properties.
Cushman & Wakefield Facilitates $16M CA Industrial Sale
The new owner financed the acquisition with a $10 million loan from East West Bank. A Mitsubishi subsidiary is the only tenant of the 73,000-square-foot building in Poway.
PM Hotel Group to Manage Upcoming South Austin Hotel
The 103-key TownePlace by Marriott is scheduled for completion by October. The property will be located minutes from the recently upgraded Austin International Airport.
Four Seasons Nashville Lands $360M in Financing
HFF orchestrated the debt and equity package for The Congress Group and AECOM Capital’s development of the 232-key hotel and residential project.
Texas’ Top Office Deliveries
As construction activity remains steady nationwide, deliveries in the Lone Star State have significantly bolstered the existing inventory across major metros over the past 12 months.
Blackstone’s Conversion Earns Favorable Reviews
Observers respond favorably to the company’s decision to convert from a publicly traded partnership to a corporation.
TIG Raises $200M for New Fund
The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.
Executive Q&A: Nuveen’s New CIO
Carly Tripp discussed how the global investment manager is remaining disciplined and focused on long-term strategy while being flexible and open-minded.
Vocon Completes Cleveland HQ Renovation
The company has been occupying the two-story building in the downtown area since 2005 but needed a larger, more flexible space to accommodate growing staff.