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December 1, 2000
Departments
Fairfield wagers $80 million on Vegas Grand Desert Resort
The first phase of the $80 million Fairfield Grand Desert Resort is scheduled to open in Las Vegas in May 2001. Featuring a 184-unit timeshare tower and...
Starwood's Ciga portfolio expected to fetch $1.4 billion
Starwood Hotels and Resorts Worldwide Inc. is putting its Ciga Hotels portfolio in Europe up for sale, and the 25 hotels may bring in as much as $1.5...
700-room Westin going up in South's rising business star
Construction has begun on the $143 million Charlotte Westin, a 700-room hotel that will be located across from the Charlotte Convention Center. Developed...
Lending giants provide $104M for San Diego hotel
Bank One and Westdeutsche Landesbank Girozentrale, have agreed to provide $104 million in financing for the 33-story, 512-room Westin Hotel in San Diego's...
A litany of Los Angeles-area transactions close out the year
As the year winds down, the Los Angeles area's industrial market continues to thrive with a number of big-box leases and new developments to meet voracious...
C&W lands two deals deep in the heart of Texas
The Dallas office of New York-based Cushman & Wakefield represented Atlanta-based Home Depot in a big-box deal, and also represented locally based Beckett...
AMB's aviation land grab continues with $95M deal
AMB Property Corp. has agreed to buy a 95% stake in 900,000 sq. ft. of airport distribution space from McLean, Va.-based Aviation Facilities Co. for $95...
Whitehall gains momentum with N.J. portfolio acquisition
Edison, N.J.-based Whitehall Industrial Properties continues to ramp up with the acquisition of a 12-building, 650,000 sq. ft. portfolio.An affiliate...
Freddie Mac gives $180 million to Southwestern units
McLean, Va.-based Freddie Mac has closed a $180 million split-loan transaction to G&I Residential Portfolio LLC, a company backed by New York-based DRA...
New England lands near the Gateway Arch
Cape Albeon, an $18.2 million luxury senior living complex next to two man-made lakes in St. Louis, has opened. The facility, featuring a 49 ft. lighthouse...
Principal Enterprise, FirstWorthing form venture
Des Moines, Iowa-based Principal Enterprise Capital and Dallas-based FirstWorthing have formed a venture to build and acquire both conventional apartment...
Nevins/Adams snags units in the Valley of the Sun
Santa Barbara, Calif.-based Nevins/Adams Properties has purchased Towne Square Apartments, a 584-unit garden-style apartment complex in the Phoenix suburb...
WEST superscript *GROUP unloads suburban D.C. complex
McLean, Va.-based WEST superscript *GROUP has sold The Commons of McLean, a 577-unit garden apartment complex in McLean, Va., for $73 million to Ralph...
CDC provides treasure chest for Treasures on the Bay
New York-based CDC Mortgage Capital has provided a $27.6 million floating-rate loan that will refinance existing debt and pay for capital improvements...
Shelter Group plans more shelter for independent seniors
The Shelter Group, based in Baltimore, has begun construction of Park View at Bel Air, a 101-unit affordable apartment complex for independent seniors...
Stiles developing hometown office tower in South Florida
Fort Lauderdale, Fla.-based Stiles Corp. will develop Las Olas City Centre, a 411,000 sq. ft., 23-story office complex in Fort Lauderdale that will be...
1370 Avenue of the Americas: Big deal draws a crowd
A partnership between New York-based Stellar Management Inc. and Boston-based Westbrook Partners has acquired 1370 Avenue of the Americas from a partnership...
But wait, there's more: Brickman buys 660 Madison
Topping off our New York deals, locally based Brickman Associates and Rockwood Capital Real Estate Fund IV have acquired a condominium interest in 660...
Houston dispositions no waste of time for Insignia/ESG
The Phoenix and Houston offices of New York-based Insignia/ESG have arranged the sale of Eldridge Place One and Two in Houston's Energy Corridor. Insignia/ESG...
Spieker swoops down from Silicon Valley to West L.A.
Menlo Park, Calif.-based Spieker Properties has acquired The Towers, a 23-story, 207,000 sq. ft. Class-A office tower in West Los Angeles, from New York-based...
Heinz stays in Pittsburgh with Gimbels building lease
In a deal negotiated by locally based Oxford Realty Services-ONCOR International, Heinz North America has leased 276,000 sq. ft. in downtown Pittsburgh....
Garden State office market growth
Cranford, N.J.-based Mack-Cali Realty Corp. has two more Class-A buildings lined up for Harborside Financial Center in Jersey City, N.J. Down the road...
Shea Properties: Big plans for South Orange County
Aliso Viejo, Calif.-based Shea Properties has unveiled plans for Vantis, a 1.5 million sq. ft., $350 million office campus in South Orange County, Calif....
Leggatt McCall deals two, Archon building one
Locally based Leggatt McCall Properties has sold two Boston office buildings for a combined $144 million, while Dallas-based Archon Group plans to build...
Waikiki's largest retail block in 15-plus years says `aloha'
Honu Group Inc. of Honolulu broke ground recently on 2100 Kalakaua Ave., a $140 million retail project in Waikiki. The 110,000 sq. ft. retail project...
Disney stores to receive major transformation amid slump
In an attempt to reverse a recent sales slump, North Hollywood, Calif.-based Walt Disney Co. has decided to undergo a major renovation and overhaul of...
Storetrax.com launches new, updated version of Web site
Bethesda, Md.-based Storetrax.com has added new features to its site. The updated site features new customized tools for increased usability and a free...
Mixed-used development to arrive in Virginia Beach CBD
The Town Center at Virginia Beach, an urban mixed-use development, has been approved and is now under development in the CBD of Virginia Beach, Va. Chesapeake,...
General Cinemas seeks bankruptcy protection
Another theater company has filed for chapter 11 bankruptcy. Chestnut Hill, Mass.-based GC Cos. Inc., the parent company of General Cinema recently joined...
Net-lease industry prepares to capitalize on `soft landing' soft? a slow down
If corporate earnings slow, sale-leasebacks may actually accelerate in 2001 and beyond.Over the past few years, the terms "net lease" and "sale-leaseback"...
Columns
Five suggested holiday stocking stuffers
`Tis the season for giving. From this journalist's perspective, here are some ideal stocking stuffers for any commercial industry professional.Eraser...
Lower rates yield no stampede
By mid-fall, commercial mortgage rates had fallen to their lowest level this year, according to the Barron's/John B. Levy & Co. National Mortgage Survey...
The future effects of the Internet
What effects will the Internet have upon real estate markets? This complex question cannot be answered in a short column. However, I will set forth some...
Open the door for next-generation networking
Large companies traditionally held the role of applying cutting-edge technology to enhance their operations. With the onset of the technology revolution,...
Features
A new day dawns
Harvey Green, Marcus & Millichap's new president and CEO, boosts the firm with new technologies and support systems.A change in leadership can sometimes...
More than meets the eye
Title Insurance Behind the scenes, title insurance underwriting is anything but dull.For most real estate professionals, title insurance is something...
Rising to meet the challenge
Asset managers develop the skills a sophisticated market demands.The term "asset manager" evokes myriad definitions. No two observers, it seems, can agree...
A `chilling' interest in suburban office product
Institutional advisors warm to idea of greater balance in portfolios.What do you get when you mix asset managers with institutional advisors and a REIT...
Growing tensions
The affordable housing industry seeks to balance the goals of public policy and private investors.It is a basic fact of life in the affordable housing...
Articles
Names in the News
CBL Associates & Properties Farzana Mitchell has been named senior vice president of finance for Chattanooga, Tenn.-based CBL Associates & Properties....
Names in the News
New Plan Excel Realty Trust Inc. Leonard Brumberg has been named executive vice president of retail for New York-based New Plan Excel Realty Trust Inc....
Names in the News
Malan Realty Investors Inc. Jeffrey Lewis has been named CEO of Bingham Farms, Mich.-based Malan Realty Investors Inc. His responsibilities include heading...
Names in the News
Weingarten Realty Investors Lois Robinson has been named vice president of property management for Houston-based Weingarten Realty Investors. Her responsibilities...
Names in the News
Bovis Lend Lease Charlie Bacon has been named CEO of New York-based Bovis Lend Lease Americas. Bacon replaces Bill Moss who is retiring at the end of...
Names in the News
AvalonBay Communities Inc. Bryce Blair has been promoted from COO to the additional role of president for Alexandria, Va.-based AvalonBay Communities...
Names in the News
Cousins Stone Michael Ablon has been named senior vice president of development for Cousins Stone, an affiliate of Atlanta-based Cousins Properties. His...
Names in the News
Metropolitan Properties of America James Slaughter has been named COO of Boston-based Metropolitan Properties of America (MPA). His responsibilities include...
Names in the News
Key Commercial Real Estate Ashley Smith has been named vice president in the Washington D.C., office of Cleveland-based Key Commercial Real Estate. Her...
Names in the News
SARESREGIS Group Paul Trevino has been promoted from senior vice president to president of the multifamily investment division of Irvine, Calif.-based...
Live from New York ... it's ICSC
NEW YORK - Amidst all the concern about overbuilding and a possible recession looming on the horizon, International Council of Shopping Centers (ICSC)...
Names in the News
Sonnenblick-Eichner Co. Patrick Brown has been named executive director for Los Angeles-based Sonnenblick-Eichner Co. His responsibilities include the...
Names in the News
Equity Office Properties Trust Scott Morey has been named senior vice president and CIO for Chicago-based Equity Office Properties Trust. His responsibilities...
Hamilton Landing takes off in Marin County
NOVATO, Calif. - Barker Pacific Group and Prudential Real Estate Investors obviously know a good deal when they see one, even if it takes more than two...
Rodamco purchases Urban Shopping Centers
CHICAGO - In an all-cash transaction valued at $3.4 billion, Dutch-based Rodamco North America N.V. (RNA), a regional mall owner, has purchased locally...
Bear Stearns not bullish on hotel industry
With the economy showing signs of slowing, New York-based Bear Searns & Co. Inc. is downgrading its forecast for the hotel industry and lowering investment...
The corporate advisor's role is both complicated and delicate
CHICAGO - If Daniel Reynolds, senior vice president of the capital markets group at Chicago-based Jones Lang LaSalle, were to draft a mission statement...
John Orrico Q&A
It's been a roller coaster year for Northbrook, Ill.-based Grubb & Ellis. The company posted a record fiscal 2000, with revenue and net income increasing...
Names in the News
Colliers International Clifford West has been named vice president of Cleveland-based Colliers International's office services group. His responsibilities...
Names in the News
Woodmont Realty Associates Inc. Stephannie Mower has been named president and COO of Woodmont Realty Associates Inc., a subsidiary of Fort Worth, Texas-based...
Names in the News
CoStar Group Lawrence Dressel has been named COO of Bethesda, Md.-based CoStar Group. His responsibilities include the day-to-day management of operations,...
Names in the News
Spaulding & Slye Colliers Ralph Cox has been named senior vice president of development services for Boston-based Spaulding & Slye Colliers. His responsibilities...
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Photo Galleries
New York's Star Deals
The city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-
Videos
JLL at ICSC 2012
Check out these videos from JLL at ICSC 2012 in Las Vegas...
Click here to view more videos.
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