Property Management
Summit Repositioning Raritan Plaza I
The nine-story, 262,500-square-foot office property will receive lobby and elevator renovations, new signage, restroom renovations and upgrades and exterior work as well as security and energy-efficient lighting enhancements and touch-screen directories. A total dollar value for the work has yet to be determined.
D.C., Nevada Among Top Spots for LEED
In the District, there was 25 square feet of LEED-certified space per person in 2010, while in Nevada there was just shy of 11 square feet of LEED-certified space per person during the same time. The other top states were New Mexico, New Hampshire, Oregon, South Carolina, Washington, Illinois, Arkansas, Colorado and Minnesota.
Transwestern Debuts in NYC Market
It’s been a long time coming. After years of eying New York for expansion, Transwestern has made its entry into the city with the creation of its Northeast region, and the company has put two industry veterans, Patrick Robinson and Lindsay Ornstein, in place to spearhead the endeavor.
Energy Upgrade Plan Wins Kudos
The Obama administration has unveiled its energy efficiency proposal. Industry observers especially like provisions that are intended to make it easier for energy upgrades to pencil out.
Easton Lynd Snaps Up $62M of Notes on Distressed Assets
The Miami-based company plans to reposition the properties and decide the next step on a case-by-case basis.
Security Properties Establishes Property Management Arm
Multi-family real estate owner Security Properties has launched Madrona Ridge Residential, a new property management affiliate. Madrona Ridge will provide property management services for apartment communities nationwide.
Jones Lang LaSalle Lands Beaumont Partnership
The new venture, Jones Lang LaSalle at Beaumont Hospitals, will allow Beaumont to operate in a more cost-effective manner and provide enhanced patient services.
Duncan, Helm Co. Complete Merger
The two companies have joined forces to offer real estate brokerage, property management and consulting services in Kentucky and Southern Indiana.
Chartres, Morgan Stanley Acquire Ocean Resort Waikiki
The joint venture has plans to completely renovate, rebrand and reposition the 33-year-old property, which is located on the island’s Diamond Head end. Renovation will include all public spaces, the pool deck and the guest rooms.
Colliers Expansion Leads into Kansas City
Colliers International continued its 10-year growth effort with the addition of Kansas City service leader The Winbury Group.