News
Whiterock Wraps Up Purchase of Interest in 1.1M-SF Toronto Office Portfolio
Toronto, Ont.-based Whiterock Real Estate Investment Trust has just enhanced its office holdings with the acquisition of a 49.9 percent equity interest in a $214 million office portfolio located in the greater Toronto area.
RDM’s New Interactive Marketing Tool Helps Users With Room Design
Property managers and tenants alike now have a new online tool in their arsenal.
Jones Apparel Plans Closure of 165 Stores
In a statement that categorized an 8 percent decline in fourth-quarter revenues as “anticipated and reflective of the overall economic conditions that continue to affect retail sales in general”, New York-based Jones Apparel Group announced that they will be closing 165 locations this year.
Starwood Announces $4B International Expansion of Sheraton Hotel Brand
Sheraton Hotels & Resorts, a division of White Plains, N.Y.-headquartered Starwood Hotels & Resorts Worldwide Inc., has revealed plans to increase the global presence of the upscale Sheraton brand.
Economy Watch: Baby Steps Toward Higher Interest Rates
Is the Federal Reserve taking baby steps back to a more historically normal monetary policy? That is, toward an eventual broader hike in interest rates?
Green Light for $386M First Phase of Kansas City Casino
The path has been cleared for work to commence on a new gaming property in Kansas City, Kan., now that the Kansas Entertainment L.L.C. has received its gaming license from the Kansas Racing and Gaming Commission and approval under the Kansas Expanded Lottery Act.
Coldwell Banker Appoints Two New Leaders
Coldwell Banker Commercial Affiliates LLC is experiencing some shifting of roles with regard to its top positions.
Storied Trump Building Leases 268,329 SF in Less Than a Year
The Trump Organization seems to have made the cut with regard to its Trump Building on Wall Street. The company has sewn up leases for 268,329 square feet in less than a year – the most, they say, of any single downtown building.
MB Real Estate Represents Regus in 29,519 SF Deal at Chicago’s Block 37
MB Real Estate said earlier this month that it represented workplace solutions company Regus in a 29,517 square-foot lease at 22 West Washington in Chicago.
Economy Watch: Walgreens Goes New York
Dearfield, Ill.-based Walgreen Co., owner and operator of over 7,100 drug stores nationwide, is buying its way into the New York City metro market in a huge way with the purchase of Duane Reade, whose presence in the Big Apple is near-ubiquitous.