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One week after Joseph Harbert left his position as vice chairman of CB Richard Ellis for Cushman & Wakefield, CBRE has named his successor. Dean Shapiro will now lead the company’s Midtown brokerage operations...
Northeastern office REIT Reckson Associates has reported 1.6 million sq. ft. of new leasing transactions during the first half of the year. The REIT’s strong performance was driven by a flurry of lease renewals with...
CNL Hotels & Resorts, one of the nation’s largest private REITs, has decided to delay its plans to go public late yesterday afternoon. CNL, which is based in Orlando, blamed a host of factors ranging from market...
An eagerly awaited uptick in occupancy and daily rates has sparked a seller's market for prime hotel properties. Case in point: Host Marriott earlier this summer bought the 450-room Fairmont Kea Lani Maui hotel in...
Howard Safir isn't alone. Like many Americans, the former New York City police commissioner is convinced that terrorists will launch another attack on U.S. soil. Ever since the Department of Homeland Security (DHS)...
Jones Lang LaSalle will pay its new CEO Colin Dyer a base salary of $750,000, according to an offer letter filed last week with the Securities and Exchange Commission. The Chicago-based real estate services firm...
U.S. hotels are on the rebound, reports Moody’s Investors Service. Both full- and limited- service segments report strong growth revenue per available room (RevPAR) for the first quarter of 2004, according to the firm...
The first half of 2004 brought a welcome surge of leasing demand to the Manhattan office market, according to a new report by commercial real estate brokerage Cushman & Wakefield. New York City posted 14.3 million...
Several large U.S. companies plan to boost hiring over the next six months, according to a quarterly survey from the National Association for Business Economics. The poll of 104 NABE members — who are mostly...
Eight former Lend Lease executives bought out their parent company, Lend Lease Global Properties, in February. At that time, the investment fund had $1.6 billion under management. As a result of the buyout, the...