Regions
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Colliers Arranges $175M Loan for Granada Highlands in Malden, Mass.
Colliers International has arranged $175 million in financing through JP Morgan Chase for Granada Highlands, a gated multi-family community in Malden, Mass., owned by Metropolitan Properties of America.
EXPO Real Special Report: European-Cities Housing Challenge
The first day of Expo Real in Munich revealed a number of challenges that major European cities are currently facing.
INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco
L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.
C&W Inks Deal with Microsoft for Manhattan Flagship Store
The Microsoft Corp. has agreed to sign a lease for a flagship store at 677 Fifth Ave. in Manhattan, occupying the entire ground through fourth floors and a portion of the lower level of the building.
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.
Sustainable Contribution: Panasonic Marks One Year in Newark
One year ago, Panasonic Corp. of North America moved to Two Riverfront Plaza in Newark, N.J., built to be highly sustainable and in a location intended to benefit the community as much as the company. CTO Todd Rytting sat down with CPE to offer insights into the process and results.
AXA Acquires M-U Office Asset in Tokyo
AXA Real Estate Investment Managers has bought the Nishi Shinjuku KF Building in central Tokyo.
Cominar Acquires $1.2B CRE Portfolio from Ivanhoé Cambridge
Cominar Real Estate Investment Trust has acquired a real estate portfolio of 14 properties in Québec and Ontario from Ivanhoé Cambridge Inc. for $1.2 billion.