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Charles Dunn Opens Orange County Office
Aug. 20, 2008
GVA Worldwide partner Charles Dunn Co. is setting its sights on Orange County--it has just opened a new office there, it has announced. GVA Charles Dunn and the Advisory Services group has taken their offices at Knobbe Martens building at Main Plaza in Irvine.
Jackson-Shaw Awards Concord Hospitality Management Contracts for Two Dallas-Area Properties
Aug. 11, 2008
Jackson-Shaw has awarded management contracts to operate two Marriott properties in the Dallas area to Concord Hospitality Enterprises, it has reported.
Balfour Beatty Starts Operational Management of Fort Jackson Project
Aug. 08, 2008
Balfour Beatty Communities L.L.C. has announced that it has commenced property management and maintenance services for the military family housing at the U.S. Department of the Army's Fort Jackson located in Columbia, S.C.
Interstate Hotels & Resorts Adds Four Hyatt Place Hotels to Managed Portfolio
Aug. 05, 2008
Interstate Hotels & Resorts has announced that it has signed agreements to manage four Hyatt Place hotels in Texas.
Guardian to Acquire Sperry Van Ness Offices in West
July 29, 2008
Guardian Management L.L.C. will acquire the Southern California and Arizona offices of Sperry Van Ness.
NY Palace New York Palace, Hotel Bel-Air Come Under Dorchester Domain
July 29, 2008
London-based luxury hotel group Dorchester Collection, owner of such iconic properties as the Beverly Hills Hotel and Hotel Plaza Athénée in Paris, has brought two additional legendary assets under its umbrella with the attainment of contracts to manage New York City's renowned New York Palace Hotel and the tony Hotel Bel-Air in Los Angeles.
Corning Reaches Agreement to Sell Steuben
July 24, 2008
Corning Inc. has reached an agreement to sell its Steuben Glass Division to Steuben Glass L.L.C., a newly formed affiliate of Schottenstein Stores Corp.
Realty Income, Buffets Reach Agreement on 105 Properties Under Lease
July 15, 2008
Realty Income Corp. has reached an agreement with Buffets Holdings Inc. for the continued lease of all of its properties.
InBev, Anheuser-Busch to Merge into Anheuser2 Busch InBev
July 14, 2008
InBev and Anheuser-Busch agreed to combine the two companies, the firms announced.
Survey Says … Facilities Managers Update Ways to Find Out What Tenants Want
July 01, 2008
Clients and tenants are more sophisticated, informed about and demanding of facilities services. "They know their needs and the possibilities,” explained Burke Real Estate Group director of property management Ken Wheeler. That provides an opportunity, though, for facilities managers to improve the quality of their customer service.
Bally Total Fitness Selects Jones Lang as Service Provider
July 01, 2008
Jones Lang LaSalle has been selected by Chicago-based Bally Total Fitness to provide transaction management, project management and lease administration for its portfolio of 350 health clubs.
CBRE Buys Tempest, Appoints New Senior Managing Director
June 26, 2008
CB Richard Ellis Group Inc. acquired Canada-based Tempest Management Corp., the company said today.
Equity One Picks CBRE to Manage Centers in Carolinas
June 24, 2008
CB Richard Ellis Inc. has reported that Equity One has picked the firm to lease and manage twelve shopping centers totaling approximately 1.1 million square feet throughout both North Carolina and South Carolina.
T3vehicle2 Simon's New Security Vehicles Reduce Crime, Operate on 10 Cents Per Day
June 23, 2008
Retail REIT Simon Property Group has purchased a line of new enforcement vehicles for its security officers at various Simon properties around the country.
Recap Advisors to Manage Starrett City Sale
June 12, 2008
Recap Advisors L.L.C. has been selected to manage the proposed sale of Starrett City, also known as Spring Creek Towers, located in Brooklyn, N.Y., on behalf of Starrett City Associates.
Recap Gives GVA Advantis New Owner, New Home
June 09, 2008
As part of a recapitalization deal, a Washington, D.C.-based private equity group co-founded and controlled by Jeffrey Neal will take a controlling interest in GVA Advantis, an Atlanta-based commercial real estate services company.
Federal Realty Buys Del Mar Village
June 04, 2008 - Source: South Florida Business Journal
The Boca Raton shopping center is recently renovated and includes a 44,000 square-foot Winn-Dixie, a 10,000 square-foot CVS drugstore, and a 10,000 square-foot Sweet Tomatoes restaurant.
Orlando Sun Resort Becomes a Ramada Property with New Manager
June 02, 2008
The former Orlando Sun Resort, a 950-room hotel in Kissimmee, Fla., has been reinvented as the Ramada Orlando Celebration Resort & Convention Center, with Tecton Hospitality at the helm as manager.
Colonia, Merrill Lynch take Wohnbau Portfolio
June 02, 2008
Colonia Real Estate AG and Merrill Lynch Global Principal Investments signed a $160 million purchase contract for a residential portfolio from Wohnbau GmbH, Bonn.
CBRE to Lease, Manage, Maintain Duke's Cleveland Office Portfolio
June 02, 2008
Duke Realty Corp. has entered into an agreement with CB Richard Ellis to oversee leasing, property management and maintenance of Duke’s Cleveland office portfolio,which consists of 14 suburban office properties totaling more than 1,324,000 square feet.
Sunrise Management Launches Regional Office in Arizona
May 30, 2008
Over the past 18 months, Sunrise Management,  a San Diego-based residential management firm, has been  expanding the territory it services.
gm Boston Properties Takes NYC GM Building, 3 Others from Macklowe
May 25, 2008
Boston Properties Inc. has emerged the winner of the the GM building in New York City--and seller Macklowe Properties will live to fight another day, as the two cut a deal worth $3.96 billion over the Memorial Day weekend, the buyer has reported.
Thompson National Properties Appoints Goodman SVP, Asset Management
May 20, 2008
Thompson National Properties L.L.C. said today that Darryll Goodman has joined the company as senior vice president, asset management.
Cassidy & Pinkard to Spearhead Leasing, Management at Ashburn Property
May 20, 2008
MRP Realty has tapped Cassidy & Pinkard Colliers to head up management and leasing responsibilities at Corporate Campus @Ashburn Center, a new office/flex campus in Ashburn, Va.
town park commons Daniel Corp. Teams Up with MetLife in Atlanta on Office Leasing
May 16, 2008
Daniel Corp. is expanding its reach in the Atlanta office market and its relationship with MetLife as it takes on management and leasing duties for 890,000 square feet in three MetLife-owned office properties in the Atlanta region.
 

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The growing trend towards sustainable design and green building practices cannot be denied. Real estate trends impacting commercial property management and the entire commercial real estate industry are major news stories constantly covered by CPN.

 

REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

PNC Finances $354M for Trio of California Projects
August 19, 2008
By Adam Perrotta, News Writer -- PNC has provided a total of $354.4 million in financing to three separate projects in California. In the largest financing, PNC subsidiary PNC Real Estate Finance extended a $300 million term/construction loan to Macerich...

N3 Capital Partners Changes Name to Pennybacker Capital, Eyes $250M in Investments
August 19, 2008
By Gail Kalinoski, Contributing Editor -- As it prepares to move from Fort Worth to Austin this fall, real estate private equity firm N3 Capital Partners L.L.C. has changed its name to Pennybacker Capital L.L.C. The firm also announced plans...

Experts: Lehman RE Sale Could Be Major Opportunity
August 19, 2008
By Eugene Gilligan, Senior Editor -- Lehman Brothers Holdings Inc.'s sale of its commercial real estate assets may entice opportunity funds with the patience to wait for a positive turn in the real estate cycle, according to two real estate...

Emaar Begins Sales at $3.2B Master-Planned Community in Dubai
August 19, 2008
By Gail Kalinoski, Contributing Editor -- Development in Dubai continues to explode with Emaar Properties, the Middle East's largest builder, saying it is beginning sales this week for its newest residential master-planned community. Mushrif Heights is estimated to cost $3.2...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...