News
Park Madison Partners Welcomes Veteran
Amy Cummings has been tapped as the firm’s newest partner, bringing more than three decades of expertise in acquisitions, asset management, portfolio management and investor relations.
$50M OC Project Wraps Up Retail Component, Marriott Underway
ValueRock began redeveloping the mixed-use shopping center in Lake Forest, Calif., in 2014. The company recently received the go-ahead for a 99-key Marriott hotel.
HSBC Relocates to Coral Gables Mixed-Use Development
The new tenant will occupy 3,300 square feet of ground-floor space within the office component of Giralda Place. The bank will open at East Tower this summer.
Madison Capital Taps JLL to Lease 71 Fifth
A team fronted by Mitchell Konsker, Daniel Turkewitz and Benjamin Bass will provide leasing and marketing services for an upcoming 15,389-square-foot vacant office space at the 11-story Midtown Manhattan building.
Regal Hospitality Lands Sheraton Suites Columbus
HFF closed the sale of the 259-key hotel in Columbus, Ohio. The property provides easy access to the Port Columbus International Airport as well as downtown Columbus and the Ohio State University.
Economy Watch: Inflation Edges Up in April
The Consumer Price Index increased 0.2 percent for the month, according to the Bureau of Labor Statistics. While it’s not the only metric the Federal Open Market Committee considers, the increase could increase the odds that interest rates will rise next month.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.
RealtyShares Names Industry Vet to BOD
Edward Forst brings a wealth of experience to the online crowdfunding operation, having worked with Cushman & Wakefield and Goldman Sachs.
Avison Young Expands in Eastern Europe
This is the Canadian company’s first office in Romania, tenth in Europe and 80th globally. David Canta, managing director & principal, will lead local efforts.
Hines Unveils 3.5 MSF Corporate Campus in Texas
The Strand, a 135-acre live-work-play community in suburban Dallas, will be developed in phases and will bring office accommodations, retail space and urban residential options.