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Warning to franchisees: Switching flags not the silver bullet to occupancy woes IN AN ECONOMIC DOWNTURN, hotels have to be vigilant to discover what needs
CMBS pioneer Ethan Penner returns to real estate finance as president of Kennedy-Wilson
Former commercial mortgage-backed securities pioneer Ethan Penner is returning to his real estate finance roots. Penner has been named president of Kennedy-Wilson,
C&W: Industrial sector will lead real estate recovery
Look for the industrial property market to lead the pack as the real estate industry recovers from the recession, advises Maria Sicola, senior managing
Jones Lang LaSalle, Motorola forge property management alliance
Motorola has picked Chicago-based Jones Lang LaSalle to manage 12.5 million sq. ft. of the communication giant’s U.S. facilities. The five-year agreement
Grubb & Ellis: U.S. companies should plan for global expansion despite recession
If a company is considering overseas expansion, waiting until the downtrodden market recovers isn’t necessarily advisable, says a global real estate forecast
Barclays renews lease in biggest Manhattan deal since Sept. 11
In the biggest downtown space renewal to be negotiated since Sept. 11, financial services firm Barclays PLC has renewed its lease on 104,000 sq. ft. of
Wachovia report predicts sluggish growth in 2002
Economic growth in 2002 will be sluggish due to the weakened typical drivers of recovery, according to a Wachovia Securities report. "Commercial real
Hardin Construction to build 'green' office building
Employing sustainable building techniques or "green construction," Atlanta-based contractors Hardin Construction and Humphries and Co. will build a new
Ritz-Carlton opens 298-room hotel in New York near Ground Zero ALTHOUGH ITS OPENING WAS DELAYED BY THE Sept. 11 terrorist attacks, the Ritz-Carlton New
Deutsche Bank launches DB Real Estate
New York-based Deutsche Bank has combined the operations of its existing real estate investment management groups to form DB Real Estate Creating, the
Cohen Asset Management, Chanin Capital Partners form joint venture fund
To invest in corporate divestitures of real estate assets, Cohen Asset Management has teamed up with Chanin Capital Partners to form a joint venture fund.
AOL Time Warner celebrates with topping out ceremony
NEW YORK — The blustery cold of a February morning didn’t stop nearly 2,000 spectators, including Mayor Michael Bloomberg, from attending the topping
Cushman & Wakefield, PREMAS International form joint venture
Searching for ways to grow business in Asia, the Asia Pacific division of Cushman & Wakefield has partnered with PREMAS International in Shanghai. According
Hotel development drops to the lowest level in a decade
During fourth-quarter 2001, the number of new hotels dropped to the lowest level since the early 1990s, says Lodging Econometrics (LE), the research division
A vote of confidence: Janovic/Plaza signs 10-year lease in Downtown Manhattan
In the largest retail deal since Sept. 11, home decorating product provider Janovic/Plaza has signed a 10-year lease for 16,500 sq. ft. in Manhattan.
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