News
Iconic 801 Tower Ends Long Run of Changes as New Owner Cornerstone Appoints New Property Manager
After recently trading hands between seller Mani Brothers Real Estate Group and buyer Cornerstone Real Estate Advisors for a fee of around $177 million, the 801 Tower now also has a new property manager. The iconic office property will be managed by Transwestern, with the company being newly-appointed by owner Cornerstone. Transwestern’s on-site management team will be led by Senior Property Manager Annie Hessen.
ULI Special Report: Cities Worldwide Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
Colliers, CoreNET Global Partner Join Forces on Benchmarking
Colliers International and CoreNet Global have come together to form the first BenchCoRE-Service Provider benchmarking agreement.
ULI Special Report: Water, Water—Nowhere?
Whether in the dry Southwest or hurricane-prone coastal areas along the Atlantic Seaboard, developers need to incorporate water strategies into their plans. That message flowed through loud and clear during a panel titled “Water: Too Much, Too Little” at the Urban Land Institute’s Fall Meeting in New York City in late October.
Fifth Third Bank Signs 62 KSF Lease in Downtown Detroit
Downtown Detroit’s office market gets a big shot in the arm with Fifth Third Bank Eastern Michigan’s commitment to relocating its headquarters from the ‘burbs’ to 62,000 square feet of space at the landmark One Woodward Ave. office building.
INTERNATIONAL: Savills, DTZ to Sell M-F Portfolio in Dublin
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.
Swig Co. Promotes Perry to CEO
The Swig Co. has appointed Ken Perry as its new COO, succeeding Jeanne Myerson, who had held the position since 1997.
TIAA-CREF, Norges Buy Prime Office Set in DC
TIAA-CREF and Norges Bank Investment Management have acquired 800 17th St., N.W., in Washington, D.C., for a reported record $1,075 per square foot – $392 million – for the 364,000-square-foot trophy property.
Economy Watch: Home Price Indices, Apartment Market
Case-Shiller Home Price Indices continue to show a deceleration in home price gains. U.S. apartment markets expanded across all areas, indicating growth from the previous quarter.
Executive Insights: Dave Menke, Opus Development Co.
Dave Menke, President of Opus Development Company, L.L.C., shares some insights regarding the company’s growth and the multifamily market in Minneapolis.