Business Specialties Property Management
Transwestern Wins Nearly 500,000-SF Property Management Assignment
Aug 04, 2009
Transwestern has been awarded management of One Central Park East, a 485,720-square- foot office project Mesirow Financial Real Estate is constructing at 50 East Van Buren in Downtown Phoenix. Under construction and scheduled to open in the third quarter of 2009, the 26-story Class A property will also include 9,000 square feet of retail space and an executive fitness center. A recipient of the AIA Western Mountain Region Design Citation Award, it includes an advanced insulated window wall glass system featuring exterior horizontal and vertical shade fins to combat the harsh Phoenix sun.
Opus Property Services Reported for Sale
Aug 03, 2009
Opus Corp. is seeking to sell its property-management business, according to a report on bizjournals.com, the Web site of American City Business Journals. It quoted a company spokesperson as stating that selling off Opus Property Services would help the company renew its focus on its "core competency," along with its being a good time to sell because property management firms currently have an "appetite ... to grow their (business)." Opus' management portfolio totals about 30 million square feet of office, retail, industrial and corporate space.
CAS Launches Green Apartment Measurement Tool
Jul 24, 2009
CAS Financial Advisory Services, the asset management arm of CAS Partners, launched Green Capital Needs Assessment, designed to measure quantitatively the value of incorporating green improvements into multi-family properties. For discussion on another green tool, the Corporate Realty, Design & Management Institute's Model Green Lease, designed for use across commercial properties, log on to CPN Radio later today.
Summers: Dallas/Ft. Worth is M-F's 'Golden Child'
Jul 06, 2009
"Anyone who follows the multi-family market knows that Dallas/Ft. Worth has been the golden child of the multi-family industry for a while," asserts Matt Summers, president of management at Kaplan Management Company Inc.
Amid Troubled Hotel Sector, Companies Look to Boost Management Portfolios
Jun 05, 2009
Many hotel owners are looking at a troubling two years or so, as a large portion of their loans are coming due for refinancing in an environment of declining RevPar. In other words, many owners will be asked by lenders to contribute more equity into their loans, just when that money may be very hard to come by.
Grubb & Ellis to Manage 618,000-SF San Antonio Office Complex
Apr 15, 2009
Grubb & Ellis Co. has been awarded a 618,000-square-foot management assignment by Tesoro Corp., an independent refiner and marketer of petroleum products, in San Anonio, Texas. The assignment will be at Tesoro’s new company headquarters, which the company is expected to occupy in June.
With Management More Vital Than Ever, Panattoni Taps Colliers for 18 MSF Contract
Feb 04, 2009
With a struggling economy dragging down the commercial real estate
market, selecting the right property management team may be more
important than ever. And now Panattoni Development Co. has expressed a
major vote of confidence in Colliers International, tapping the firm to
provide management services to some 18 million square feet of office
and industrial property located across the country.
Catch Up on Commercial Property Management
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.
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