Tishman Speyer Properties has contracted to buy 885 Third Avenue, the midtown office tower known as the "Lipstick Building." The building is being purchased through a partnership of Tishman and the New York City...
Earle Mack, a senior partner of the Mack Co., has resigned from Mack-Cali Realty Corp.’s board of directors. A statement from the company cited Mack’s desire to "emphasize other aspects of his career, public service...
A growing economy that is luring an increasing number of visitors from China bodes well for Hong Kong’s residential and office markets, according to a new report from Jones Lang LaSalle. The firm projects that...
New York office REIT Reckson Associates has completed its acquisition of 1185 Avenue of the Americas in Manhattan. The 1.1 million sq. ft., Class-A property was purchased for $321 million...
Despite San Jose’s status as one of the nation’s weakest office markets, the city’s Opus Center has been sold to Equity Office Properties Trust for $103 million. The sale price translates into about $300 per sq. ft...
Terrorism fears prompted by the "Orange Alert" forced U.S hotel occupancy down by nearly two percentage points over the Christmas holiday. PricewaterhouseCoopers reports that U.S hotel occupancy fell 1.5% between Dec...
Christopher Peacock has resigned as president and CEO of real estate services firm Jones Lang LaSalle Inc., effective immediately. He also has retired from the firm’s board of directors. Stuart Scott, chairman of the...
Office REIT SL Green Realty, which owns more than 15 million sq. ft. of office space in Midtown Manhattan, has promoted its president to the role of CEO. Marc Holliday will replace Stephen L. Green — the 65-year-old...
Simon Property Group and SMP Interests Inc. have agreed to buy Gateway Shopping Center in Austin, Texas. The 484,000 sq. ft. complex is located near several major arterial highways leading into Austin. The purchase...
A partnership between CNL Hospitality Properties Inc. and Hilton Hotels has bought two hotels — the 394-room Hilton La Jolla Torrey Pines outside of San Diego and the 544-room Capital Hilton in Washington, D.C. The...
