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TOP STORY

Merger Trend Continues With Rumored GVA Williams-Colliers Deal

NEW YORK CITY-Insiders say that as rumors grow stronger surrounding the possible GVA Williams/Colliers International merger, the trend toward industry consolidation is continuing.

• Hess Renews 27,508-SF Until 2027

• JV Acquires Retail Controlling Interest

• Shorenstein Closes On Two Office Buys

• View All New York News

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EXPERT OPINIONS

Expert Opinions

A Retrofitting Case Study: 2 Rector St.

Older buildings can be retrofitted into a 'green' property, as architectural firm NBBJ did with its Downtown headquarters.

Tax Trends:
Shift to GIM Should Make Owners Wary

The New York City Finance Department has moved to an assessment formula that offers more predictability but fails to...

SECTOR WATCH

Manhattan Retail Site Commands $525M
NEW YORK CITY-The Carlyle Group and Crown Acquisitions complete the acquisition of a controlling interest in the retail portion of 666 Fifth Ave. from Kushner Cos., for $525 million.

INDUSTRIAL

• Expert: CMBS Fears Largely Unfounded
• Panel: Credit Woes Stress Need for Local Savvy
• Harch Group Names Leasing Agent for 170,000 SF

MULTIFAMILY

• Orland Halts Proposals for $100M Main Street
• CBRE Strikes Management JV with China Developer
• Executive Moves

OFFICE

• The Real Estate Pieces
• Anatomy of a Deal: Brandywine
• Take a Stand: How CRE Pros Can Outshine the Competition

RETAIL

• Crème de la Crème’s Karpas
• Larsen Joins DeBartolo Development
• Whole Foods Retail Condo Gets $31M

HOTEL

• Travelscape Creators to Strategize for Wynn
• Red Lion Hires Advisor to Evaluate Alternatives
• Marcus & Millichap Puts Guido in Driver's Seat

NET LEASE

• Transit Sites Seen as Downturn Opportunities
• Cassidy is New Denholtz President
• Avison Young Gets New CEO

AROUND THE NATION

GlobeSt.com:
Merger Trend Continues With
Rumored GVA-Colliers Deal
NEW YORK CITY-Insiders say that as rumors grow stronger surrounding the possible GVA Williams/Colliers International merger, the trend toward industry consolidation is continuing.

HEADLINES

• Real Estate Forum:
Top Brokers
• GlobeSt.:
Lightstone Buys $456M Retail Outlet Interest
• NetLease Forum:
Today’s Market ‘Just the Beginning’ of Cap Rate Movement

DEAL FOCUS

Shorenstein Closes On Two Office Buys
NEW YORK CITY-As GlobeSt.com previously reported, Shorenstein paid $930 million for a 93.5% interest in the partnership that controls both buildings.

FINANCE

• DATA POINTS: Signs that Slowdown Trend May Reverse
• DHCR Awards $137M for Affordable Housing
• $59B Budget Increases Funding for Schools

DEVELOPMENT

• Ward: WTC Timetable Must Be Realistic
• $613M Loan Funds Residential Developments
• Deutsche Demolition On Track, Source Says

LEASING

• Hess Renews 27,508-SF Until 2027
• Canon, Lend America Further HQ Moves on LI
• Port Authority Finds WTC Cost Overruns, Delays

SALES

• Merger Trend Continues With Rumored GVA Williams-Colliers Deal
• Manhattan Retail Site Commands $525M
• Hersha Buys Sheraton JFK Airport for $34M

COMMUNITY

Commentary with Eastern Consolidated’s Alan Miller

‘There are vulture accounts from people that are just waiting.’

After Hours:
Subscribing to a Better Cause

CresaPartners' McArthur and other corporate types rock for charity.

CALENDAR OF EVENTS

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The Roosevelt Hotel, New York City

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New York Marriott Financial Center

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DIRECTORIES

Best of the Best New York

A guide to product suppliers and service providers for New York's commercial real estate industry.

RENY: SURVEY

Building Owners' Survey to be Featured in November Issue

We are conducting a survey of building owners in all sectors of commercial real estate on issues affecting their businesses. The findings will be used as the basis of a feature story in the November issue of Real Estate New York.

Submit a Nomination

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WEBINAR SPOTLIGHT

FREE WEBINAR! THE BUSINESS CASE FOR GREEN

No one can dispute the importance of green initiatives to our environment. But real estate practitioners have a dual challenge in that they must embrace sustainability and maintain their fiduciary responsibility. Our expert panel will discuss the balance and conflicts of the two often-conflicting missions of green and the bottom line.

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RESEARCH & ANALYSIS

Office: Midtown Still a Global Bargain

Two new reports say office occupancy costs are low in New York compared to pricier competitors

Residential: Vacancy Stays Low But Demand May Soften

Another round of Wall Street layoffs could give pause to investors in apartment properties

Retail: Rents Keep Climbing in Manhattan

Several key shopping corridors register big hikes in per-sf costs as landlords stay optimistic

HOT TOPICS

Real Estate Forum:
Up Close With NAI Global's Jeff Finn

Having a worldwide perspective enables this brokerage netowrk to weather a hazy U.S. marketplace.

Investment Outlook:
Institutions vs. Private Equity

Who Will Dominate in '08?

Bronx Update:
Catching Up

The borough has been slower to develop than others, but the new Yankee Stadium isn't the only Bronx tale these days.