JLL
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
Brookfield Fund Snags Chicago Office Tower for $305M
JLL Capital Markets represented the seller, an ultra-high-net-worth European family advised by Extell Development. Situated in the Central Loop, the 22-story 175 W. Jackson high-rise dates back to 1912.
CRE’s New Safety Strategies: Drones, Robots and Apps
High-tech options for protecting people who work in commercial buildings are multiplying. Robots, drone detectors, heat-sensing cameras, automated check-in kiosks and crowdsourcing apps that rely on occupants’ reporting skills are already part of the new generation of security systems in office and retail buildings.
The Accelerated Growth of Private Debt Funds
Debt funds are filling the gap left by banks and other regulation-constrained lenders. As dry powder stacks up in a mature cycle, where will fund sponsors place their capital?
CBRE Taps New Retail VP
Alex Cesar brings more than 16 years of commercial real estate experience to his new position, in which he will specialize in landlord and tenant representation.
CPE’s Top 5 April Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Vision Real Estate Expands NJ Office Footprint
The firm purchased 20 Waterview Blvd. in Parsippany from Mack-Cali Realty Corp. for $12.9 million. The building is set to undergo extensive interior and exterior renovations.
Cabinet Distributor Expands Houston HQ
Asia Cabinetry renewed its headquarters lease, expanding its footprint to more than 41,000 square feet in the Class B industrial asset.
Manhattan to House Swingers Golf Club’s First US Location
The London-based golf venture will occupy 22,000 square feet of space in Lam Group’s upcoming Virgin Hotel in the NoMad neighborhood.
Historic Atlanta High-Rise Lands New Tenant
Herzing University plans to occupy the full-floor, 30,000-square-foot space in the late summer of 2018, relocating students and employees from its existing space in Buckhead.