News
Economy Watch: CRE Lending up in 2Q, CMBS Gains Traction
Volume increased across all lending groups, with CMBS leading all other lenders in terms of market share, according to CBRE’s recent Lending Momentum Index.
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Miami Metro MOB Lands $31M Loan
Berkadia arranged for a three-year, floating rate bridge loan provided by Silverpeak Argentic, for the 186,000-square-foot Jupiter Medical & Technology Park.
Geolo Capital JV Scores $80M for Seattle Mid-Rise
PCCP provided the senior loan for the 12-story, mixed-use project that includes a 155-key Thompson Hotel and 93 apartment units.
Meet Blackstone’s New Leader of Infrastructure
A 25-year veteran of General Electric Power, Stephen Bolze will be partnering with portfolio company CEOs to drive value creation initiatives for the business.
$2B Times Square Project Lands New Partner
L&L Holding joined Maefield Development, Fortress Investment Group and the Nederlander Organization in the transformation of 1568 Broadway in Manhattan.
Mid-Year Update 2017 Is Now Available!
We’re pleased to present the 2017 Mid-Year Update, a special publication of Commercial Property Executive and Multi-Housing News.
Eds and Meds Spur Growth in Pittsburgh
Despite a slowly shrinking population, the city’s multifamily market remains steady, bolstered by increased hiring in recession-resistant sectors. Through May, rents rose 0.3 percent, trailing the nation’s 1.5 percent rate, Yardi Matrix data shows.
Duong Retail Closes Inland Empire Record Sale
The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.
CBRE Hotels Expands Northwest, Mountain Practice
Julie Purnell joins the firm as managing director, bringing more than 25 years of experience in strategic planning, business development, acquisition and disposition due diligence, development and asset management in the hotel sector.