Property Management

Public Tiff Between Simon and GGP Continues with Statements on New $2.5B Bid

It all seemed to have started out innocently enough, with Indianapolis-headquartered Simon Property Group Inc.’s $10 billion cash offer on February 8 to buy beleaguered Chicago-based General Growth Properties Inc. But now it’s turned into a written war of words.

ING Clarion Buys Cape Cod Resort

In what may be one of many deals spearheaded by opportunistic funds this year, ING Clarion Development Ventures III has acquired the 23-acre waterfront Sea Crest Resort and Conference Center on Cape Cod. The deal was done in partnership with Scout Real Estate.

Guardian Rolls Out Affordable Housing Advisory Division

Portland, Ore.-based management and investment firm Guardian Real Estate Services is planning to roll out a new advisory division. The company’s new unit will be headed by Brad Bullock, who will join Guardian as senior vice president, advisory services.

McShane Snags 380,000SF Healthcare Facility Management Contract

McShane Medical Properties has been awarded the management and leasing assignment for Nationwide Health Properties, a portfolio containing a total of 380,000 square feet across 12 buildings throughout suburban Chicago.