Commercial Real Estate Trade Assn. Turns to Past President and Longtime Board Member Lisa A. Pendergast as Part of Management Restructuring
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In a significant step to restructure its senior management, the CRE Finance Council’s board of governors selected Lisa A. Pendergast to serve as the trade association’s new executive director.
Pendergast, a managing director at Jeffries where she was head of CMBS Strategy & Risk in the firm’s Fixed Income ...
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Yes! Communities, one of the nation’s largest owners and operators of manufactured home communities, has sold an approximately 71% equity interest in its combined businesses to two global institutional investors, including affiliates of GIC, the sovereign wealth fund of Singapore.
Based in Denver, Yes!’s manufactured home community businesses include 178 communities across 17 states, with more than 44,600 residential home sites, an inventory of over 11,500 manufactured homes and ...
Continue Reading →Global Asset Management Closes $1.25 Billion U.S. Investment Fund
The pension fund asset management firm said it obtained capital commitments from several domestic and foreign institutional investors as well as TIAA’s General Account. With leverage, the equity commitments would enable the fund to target a portfolio of approximately $2.5 billion.
TIAA Global Asset Management is one of the leading retail ...
Mixed-Use Super Project On Billionaire’s Row In Midtown Manhattan Now Targeting 2019 Completion
With the JV agreement nailed down with SMI, which built the 2,073-foot Shanghai Tower, the world’s second-tallest building, New York-based Extell announced ...
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Merged Company Will Own 105,000 Apartment Units Following $4 Billion Stock Merger
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Memphis-based Mid-America Apartment Communities Inc. (NYSE: MAA) announced it is buying Atlanta-based Post Properties Inc. (NYSE: PPS) to form the largest publicly traded multifamily apartment real estate investment trust by units.
The combination, which values Post at just under $4 billion, will result in a Sunbelt-focused, publicly traded, multifamily REIT with a total market ...
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Softness in the casual dining sector, is forcing the closure of more restaurants. Ruby Tuesday Inc., which late last week reported a nearly 6% decline in revenue for its fourth quarter, announced it will be closing 95 underperforming restaurants by next month.
The popular Knoxville, Tenn., based restaurant chain operates 724 Ruby Tuesday restaurants system-wide, of which 646 were corporate-owned. During previous quarter Ruby Tuesday closed seven restaurants and ...
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Continued slow sales in the casual dining sector is forcing the closure of more restaurants. Ruby Tuesday Inc., which late last week reported a nearly 6% decline in revenue for its fourth quarter, announced it will be closing 95 underperforming restaurants by next month.
The Knoxville, TN, based restaurant chain operates 724 Ruby Tuesday restaurants system-wide, of which 646 were corporate-owned. During previous quarter Ruby Tuesday closed seven restaurants ...
Continue Reading →Weekly Wrap-Up of Largest Reported Office Leases Include: EY, Sinclair Television Group, Drew Eckl & Farnham LLP, ICMA-RC and more
The tenant has occupied space in the building since 1992, extending its existing lease for the 23rd through 26th floors as well as a portion of the building’s concourse level through April 2025.
The iconic 51-story, 2.65 million-square-foot ...
With a slowdown in global economic activity, financial market volatility and a contentious presidential campaign, commercial real estate investors have taken a step back in the early months of 2016. The U.S. economy sputtered during the first quarter of 2016, with gross domestic product advancing at a weak 1.0 percent… Read More
Acquisition Makes Cushman & Wakefield the Second-Largest Property Management Firm in Sunshine State
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Cushman & Wakefield has acquired Taylor & Mathis of Florida, LLC, a commercial real estate company specializing in agency leasing and property management, adding 9 million square feet to Cushman’s property management operations across the state.
Taylor & Mathis of Florida has developed more than 600,000 square feet of office and retail product valued in excess of ...