Property Management

Product Spotlight: Porous Pave

By Mallory Bulman, Associate Editor As summer slowly creeps up, many property owners are looking to spruce up their outdoor spaces. For properties with spaces paved with traditional concrete, this usually means fixing cracks and damage left over from the winter months. Whether used for a walkway, pool space or parking lot, the upkeep and time commitment that comes with traditional paving can be costly and even damaging to the surrounding landscape. Porous Pave is an environmentally-friendly, durable alternative to traditional paving which addresses many maintenance, safety and installation concerns. The paving material is created with recycled tires, saving thousands of unused…

Clint Marchuk - Vice President of Acquisitions, Vestar

Granite Bay Retail Center Snapped Up by Vestar

Improvements are already lined up for the Sacramento-area asset.

Northland Center in Southfield, Mich.

The Reinvention of the Nation’s First Modern Shopping Mall

The City of Southfield is undergoing probably one of the most interesting revival commercial property projects in the country.

CBRE’s Melina Cordero on the Evolution of Retail Real Estate

CPE spoke with CBRE’s Head of Retail Research, Americas on the major issues retailers are facing today and how sector changes are impacting the commercial real estate industry.

Univision Building

Univision Sells its West Coast HQ to CBRE Global Investors

The Silicon Beach asset was immediately leased back to Univision.

Luke Petherbridge, Excel Trust

Excel Trust Named New President & CEO for Extended Portfolio

Luke Petherbridge is leaving his role as CFO at DDR Corp. for a top position at Excel Trust, a REIT which more than doubled its portfolio.

Former Kantarellis Hotel, now Scandic Vaasa

Scandic Hotels Takes Over Hotel in Finland, Plans Expansion

Scandic Hotels will open a new hotel in Vaasa, the largest economic center in Finland’s Österbotten region.

78 Kmart and Sears Stores to Close in July and September Nationwide

Nearly 80 Kmart and Sears stores will shut down this summer.

Rosewood Washington, D.C. Hotel

Capella Washington, D.C., Hotel Sells for $65M, Gets New Brand, Management

Now rebranded as the Rosewood Washington, D.C., the 49-key ultra-luxury Georgetown hotel will be managed by Rosewood Hotels & Resorts.

Paul Sacco, president & chief development officer, TPG Hotels & Resorts

Procaccianti Group’s Hotel Division Promotes New President & CDO

Meet Paul Sacco, president & chief development officer of TPG Hotels & Resorts, a division of the Procaccianti Group.