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NEW YORK CITY-The move was prompted by Vornado's successful $3.25-billion bid for the World Trade Center last week. Uncertainties about the financing of the deal and the size of the complex compared to the firm's current portfolio were factors in the decision.
SEATTLE, WA-To offset a lack of developable land in downtown and a high water table in Pioneer Square, Martin Smith is planning to install watertight "bathtubs" to provide for underground parking in two proposed office developments.
ORLANDO-Michael J. Lipsey tells 150 corporate executives they are missing the train by not emphasizing more 'service' to clients in their daily performance, instead of concentrating wholly on transactions.
DALLAS-Women have made more inroads into commercial real estate than other minority segments despite the high and lucrative rewards that await those who dare to tread the path. But, change is bound to occur as more clients also make vital inroads to diversification.
CHICAGO-Equity Residential Properties Trust pand CEO Douglas Crocker II predicts a slowdown in multifamily construction as well as fewer single-family home buyers will add up to another strong year for his REIT.
CHICAGO-The largest industrial REIT in the market budgets for a recession and wants to be poised to capitalize on opportunities in a market that continues to see competition for deals.
ORLANDO-Houston-based Weingarten Realty Investors paid the Atlanta REIT $54 million for the 50-year-old, 480,000-sf, 97% leased property, two miles from Downtown in a vibrant commercial market.
NEW YORK CITY-The prominent international law firm Cadwalader, Wickersham & Taft has added Andrew J. Perel, who has specialized in environmental claims, to their litigation department as a partner.
LOS ANGELES-Industry leaders say ethnic and gender balance are good for business, and they're willing to go the extra mile to recruit and retain women and minorities.