News
Colliers Taps Tuminelli as Executive Managing Director
Vince Tuminelli brings with him a focus on tenant representation.
Cambridge Mixed-Use Life Sciences Property Gets $175M in Financing
KBS Real Estate Investment Trust II provided Beal Cos. L.L.P. and Rockwood Capital Corp. with the sizable first mortgage loan that will be used to refinance the 665,000-square-foot One Kendall Square mixed-use life sciences property in Cambridge, Mass.
Economy Watch: Deficit Group Offers Tough Love
The National Commission on Fiscal Responsibility and Reform’s formal report had lumps of holiday-season coal for just about everybody who receives something from the federal government.
The REIT Effect, with Jay Leupp
Grubb & Ellis Alesco Global Advisors President Jay Leupp offers his observations and predictions on what’s coming for REITs during REITWorld 2010.
Retirement Communities Change Hands
Sedgebrook and Monarch Landing, located respectively in Lincolnshire and Naperville, Ill., have been sold for approximately $39 million to an affiliate of Senior Care Development L.L.C. and its capital partner Fundamental Advisors L.P.
Navistar Closes on Alcatel-Lucent Campus
The company’s decision to renew its commitment to the Chicago area was not always about money. At one point during purchase negotiations, community opposition to traffic and other issues that would accompany the company’s move discouraged Navistar and pushed the company to consider relocating outside of Illinois. However, local and state support, a revised plan and the appeal of revenue and high-paying jobs ultimately drowned out naysayers’ complaints.
Sternlicht Named CPE Executive of the Year
The Executive of the Year Award recognizes innovation, dealmaking ability, leadership qualities and other contributions to the industry during the fall 2009-to-summer 2010 year.
Debt-Laden $355M Trump Hollywood Has New Owner
First came the debut of the $355 million Trump Hollywood, then came foreclosure, and now new ownership–and it all happened within 15 months.
Economy Watch: Case-Shiller Index Takes a Dive
According to the S&P/Case-Shiller Index that tracks 20 major U.S. markets, the seasonally adjusted month-over-month drop was 0.8 percent, the largest decline since April 2009. The 10-city index was down 0.7 percent.
Check Out CPE’s Digital Edition for December
The winners of the 2010 Executive of the Year Awards are in the December issue of CPE, along with a look at how the congressional shift in balance will impact critical real estate concerns, and up-to-date, pertinent information for your business.