Property Management
Hilton Sells Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. Ltd. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Executive Spotlight: Jim Postell, Transwestern
Jim Postell built two regional commercial real estate offices from the ground up in his home state of New Jersey, the first for Trammell Crow Co. and the second for Transwestern. That office was recently recognized as New Jersey’s “Best Place to Work” by NJBIZ.
The October digital issue of CPE is now available!
From the Editor: Building Confidence News Analysis: The DLA Piper Real Estate Summit and Market Survey Much of the discussion at DLA Piper’s real estate summit in Chicago centered on the rapidly growing economy and its effects on commercial real estate. TrendTalk The real estate market for legalized marijuana, George Ratiu on consumers and jobs, and Bryan Hancock on vetting crowdfunding deals. Cover Story: Pioneer Spirit Arturo Sneider’s Primestor Development has forged new territory with its shopping centers, introducing retailers to underserved urban communities. Special Report: Sea Change As the Panama Canal expansion progresses, the industrial real estate sector is…
Fosun, JLL Team Up to Lease NYC’s One Chase Manhattan Plaza
A year after acquiring One Chase Manhattan Plaza for $725 million, Fosun Property Holdings is nearing completion of the 2.2-million-square-foot Manhattan tower’s repositioning and has enlisted JLL to facilitate leasing.
Cassidy Turley to Merge with DTZ Consortium
Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to be sold to the consortium by the end of the year.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
JLL Brings Maureen Ehrenberg Aboard Integrated Facilities Management Business
JLL has just tapped Maureen Ehrenberg, formerly global director of facilities management at CBRE, to serve as executive managing director for the firm’s Integrated Facilities Management business in the Americas.
INTERNATIONAL: Scandic Will Manage New Hotel in Oil-Industry City
Scandic announced it will manage the new Scandic Stavenger Congress Hotel, which is under development in downtown Stavenger, Norway.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
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