NEW YORK CITY-With the firm now under his sole leadership, Adam C. Hochfelder has begun tweaking the firm's management team. Anthony Westreich has been named president and Bruce R. McLean is the new chief investment officer.
NEW YORK CITY-The partnership's portfolio approaches three million sf with the acquisition of three Canadian shopping Centers. New York-based Kimco and Toronto's RioCan spent $133M on the latest additions.
NEW YORK CITY-Steven A. Swerdlow, a 12-year CBRE veteran, is promoted from Eastern Division head. His new position includes responsibility for all business units within the Corporate Services Group worldwide.
NEW YORK CITY-With more than 86,000 rooms in 412 hotels, the surviving company will retain a major Pittsburgh presence but will be headquartered in Washington DC. Company officials say it will be the largest independent operator of full-service Marriott, Hilton and Sheraton hotels.
NEW YORK CITY-The 102-year lease on a major chunk of TriBeCa real estate is valued at more than $25 million. Currently a warehouse district, the area is earmarked for residential and retail development.
NEW YORK CITY-Guarding against future attacks is a wiser use of resources than designing unassailable office fortresses, a new study on the Sept. 11 World Trade Center bombings finds. The report also credits the twin towers' design with keeping the 110-story buildings standing long enough for thousands of workers to be safely evacuated.
NEW YORK CITY-Garrick-Aug's Faith Hope Consolo has joined Julien J. Studley brokers based here and in Washington DC. to speed up the process of retenanting the retail space at 590 Madison Ave., the former IBM Building currently owned by Edward J. Minskoff.
NEW YORK CITY-The 97-unit luxury rental property in Murray Hill is purchased by MetLife subsidiary SSR Realty. The 22-story building was completed just over two years ago by a joint venture of Clarett and Fidelity Management Trust Co.
NEW YORK CITY-The 150-acre retail and entertainment complex to be built in Syracuse has its funding in place and commitments from hotel operators for 4000 rooms that are scheduled to be phased in starting next year.
NEW YORK CITY-Real estate research firm Property & Portfolio Research LLC and the Risk Management Association are focusing on the collection, analysis and reporting of commercial real estate loan data.
