Property Management
Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio
Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.
Heitman Co-Sponsors Behringer Harvard REIT, Acquires Minority Interest in 15 Properties
Behringer Harvard Multifamily REIT I Inc. has just entered into a new co-investment partnership with one of the world’s largest pension funds, advised by Heitman L.L.C., a multinational real estate investment management firm with more than $23 billion of assets.
Exclusive: JLL Expands into South America with Bogota Office
Jones Lang LaSalle is opening a new office in Bogota, Colombia, to serve as the base of its operations in the Northern Cone, CPE has learned exclusively.
$159M Chicago Apartment Complex Picked Up by RP Holdings
In a big Midwest move, RP Holdings L.L.C. just ponied up $159 million for a two-tower, 1,031-unit multi-housing property in the Hyde Park neighborhood of Chicago.
New Team to “Maximize Value” of 400 KSF Westgate City Retail Center in Phoenix
Teetsel has brought in three firms to help revitalize the 400,000-square-foot mixed-use Westgate City Center near Phoenix: Vestar will be the new property manager, and both CBRE and The Corritore Co. will be leasing brokers.
Skanska Begins Construction on LEED Platinum, 302 KSF Houston Office
Skanska will immediately begin construction on a Class A office building in Houston’s Uptown submarket that will be a 20-story, 302,000-square-foot podium design designed to LEED Platinum specifications.
CBRE Closes on ING’s Europe Operations for $540M
In another piece of its acquisition of ING Group’s real estate management operations, CBRE has just closed on the European business — paying $540 million — after nabbing the Asia operations last month.
Seniors Housing on a Tear, Reports Show
Multiple reports out of the seniors-housing sector all seem to be saying the same thing: Things are going very, very well. Studies by NIC MAP and Senior Housing Investment Advisors are both bullish on the sector’s outlook.
WTC: 10 Years Later
CPE takes a look at changes the industry has made in the 10 years following the Sept. 11, 2001, terrorist attacks and how rebuilding of the World Trade Center site is coming along.
Muted Growth in Office Property Gives a Tepid Outlook
A new report by Jones Lang LaSalle points to a marginal improvement in third-quarter 2011 commercial real estate markets both domestically and abroad — but warns that continued economic uncertainty could signal a slowdown.