Property Management
1.2 MSF Northmeadow Business Park in Atlanta for Sale
Five years after picking up Northmeadow Business Park in Atlanta for $93.5 million, an affiliate of BPG Properties Ltd. has put a for-sale sign on the 1.2 million-square-foot business park.
Glimcher Plans to Acquire Blackstone's Interest in 1 MSF Hawaii Retail Center
In a transaction valued at approximately $289.4 million, Glimcher is looking to acquire the 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.
Transwestern Goes Global, Partners with BNP Paribas
With the strategic alliance of Houston-based Transwestern and Paris-based BNP Paribas Real Estate, the two firms have positioned themselves to focus on occupier clients and enhanced services to the firms’ customers in Europe, the Middle East, Africa, India and the United States.
Shakopee City Council Approves Economic Development Incentives
By Gabriel Circiog, Associate Editor Shakopee City is set to welcome two new companies that will bring hundreds of jobs to town after the city council approved economic development incentives for SanMar Corp. and Trystar Inc., the Minneapolis / St. Paul Business Journal reports. SanMar Corp., an imprintable-clothing supplier, will invest $35 million to build […]
Brookfield, Hillwood JV on $1B Acquisition Vehicle
With the U.S. industrial market improving, Brookfield Asset Management and Hillwood announced a joint venture that is expected to invest as much as $1 billion in industrial properties over the next three years.
Smart Spending Strategies
Like most other aspects of property management, investing wisely into assets calls for a balancing act. The recession produced creative cost-saving strategies, yet many owners learned the hard way that depriving an asset of the capital needed to keep it competitive is self-defeating. By Paul Rosta.
EIFS in Practice: Implementation Case Studies
Exterior insulation and finish systems, or EIFS, has long been applied to residential properties but is now catching on as an insulation solution in the commercial sector. These case studies illustrate different applications that have produced energy cost reductions.
Exclusive: JLL Expands Operations with Fourth Office in Mexico
Commercial real estate in Mexico is heating up and Jones Lang LaSalle Inc. is expanding its presence in the country with the opening of an office in Guadalajara in the state of Jalisco.
Coreland to Manage 1.2 MSF of Watt Properties' California Retail
Coreland Cos.’ management responsibilities just got a lot bigger, as the company recently landed a contract to manage a 1.2 million-square-foot Southern California portfolio of neighborhood retail properties owned by Watt Properties.
Excel Trust Acquires La Costa Towne Center
By Gabriel Circiog, Associate Editor The retail-focused REIT Excel Trust has acquired La Costa Towne Centre, a retail shopping center in Carlsbad, for approximately $23.5 million. Located at 7710-7770 El Camino Real, the property has around 121,000 square feet of gross leasable space and is anchored by Vons, a division of Safeway. Although the lease […]