Property Management
Why Blackstone’s $1.1B Bet Goes Against the Grain
The Blackstone Group’s $1.1 billion acquisition last week of a suburban office portfolio from Duke Realty Corp. challenges conventional wisdom on multiple fronts — and departs from the standard approach of grabbing core office product in a handful of markets.
Breaking News: Blackstone Buys a Billion
Blackstone has just spent $1.1 billion on an 82-building, 10.1 MSF portfolio, buying suburban office assets in seven markets across the Midwest and South from Duke Realty Corp.
Jersey City Office Tower Commands Record $378M for Brookfield
Multi-Employer Property Trust, a national real estate equity fund, raises its profile in the metropolitan New York City market.
Hines Gets World’s Highest LEED Platinum Rating in San Francisco
Hines took its building at 101 California St. in San Francisco from green to greenest, environmentally speaking, when its property was named to both LEED Platinum status and to the honor of having the highest score in the Existing Buildings category worldwide.
CBRE to Oversee Management, Leasing of GM’s 5.5 MSF Detroit HQ
CBRE was recently tapped by General Motors to spearhead facilities management, leasing and project management of Renaissance Center, the automaker’s 5.5 million-square-foot mixed-use headquarters complex in Detroit.
Breaking News: TIAA, CBL Partner for $1.1B on Four Shopping Malls
Call it a sign that retail is a hot commodity once again: TIAA-CREF and CBL & Associates Properties Inc. have just closed a $1.1 billion joint venture to invest in shopping malls.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,
CBRE Facilitates 2.1 MSF Industrial Portfolio Sale
CB Richard Ellis just completed the sale of a seven-asset, 2.1 million-square-foot national portfolio consisting of 10 buildings throughout Georgia, Michigan, Minnesota, Ohio and Texas.
Flagler Secures 4 MSF Seagis Industrial Portfolio Contract
Flagler Real Estate Services has secured a contract from Seagis Property Group to manage the industrial real estate owner’s 4 million-square-foot South Florida portfolio of assets
Property Management: On the Front Lines
Despite 10 years of advancement in emergency preparation, managers are still seeking to do better — and tenant involvement is just one of key ways that can happen.