Regions
Colliers: Global Markets to Fuel NYC Recovery
According to Colliers Tri-State chief economist Peter Kozel, New York continues to function as a major growth engine, with the local economy a significant beneficiary of capital markets activity. Kozel said no other U.S. city will profit as much from the global economic rebound.
Arizona Sees Largest CRE Deal of 2010 with $280M Trade of Tempe Marketplace
Rockwood Capital L.L.C. joined forces with Vestar Development Co., the developer of Tempe Marketplace, to acquire the three-year-old property. Vestar had been in a partnership with DLJ/Credit Suisse, which sold its stake to Rockwood, leaving Vestar and Rockwood as the sole owners of the asset.
Booming Bloomberg Plans New 500,000-SF Headquarters in London
Currently, Bloomberg makes its London home at the building where the company set up shop 23 years ago. While the space has expanded to accommodate 2,300 employees, the company is in a growth mode and in need of more elbow room.
Clark JV Kicks Off Construction of $394M Naval Hospital At Camp Pendleton
The project will occupy 70 acres and replace Camp Pendleton’s outdated existing hospital. The building will feature inpatient facilities encompassing as many as 60 beds, emergency and primary care facilities, specialty care clinics, support facilities and space to accommodate non-ambulatory patients.
Louie Named as Marcus & Millichap CFO
Marty Louie was most recently a vice president with the company.
Colliers Expansion Leads into Kansas City
Colliers International continued its 10-year growth effort with the addition of Kansas City service leader The Winbury Group.
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.
Colliers Taps Tuminelli as Executive Managing Director
Vince Tuminelli brings with him a focus on tenant representation.
Retirement Communities Change Hands
Sedgebrook and Monarch Landing, located respectively in Lincolnshire and Naperville, Ill., have been sold for approximately $39 million to an affiliate of Senior Care Development L.L.C. and its capital partner Fundamental Advisors L.P.
Navistar Closes on Alcatel-Lucent Campus
The company’s decision to renew its commitment to the Chicago area was not always about money. At one point during purchase negotiations, community opposition to traffic and other issues that would accompany the company’s move discouraged Navistar and pushed the company to consider relocating outside of Illinois. However, local and state support, a revised plan and the appeal of revenue and high-paying jobs ultimately drowned out naysayers’ complaints.