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LOS ANGELES—Todd Tydlaska joins the firm as a senior managing director and will focus on institutional investment sales in Los Angeles and growing the West Coast business.
NEW YORK CITY—Also announced at the NYU hospitality conference Monday was a development deal between Wyndham Hotel Group and Corinthian Development Co.
DETROIT—The suburban office market continues to heal and build momentum after suffering for several years from both the recession and the migration of many companies into the CBD.
CHICAGO—The modest pace of development can't keep up with demand, and when well-located centers like Skokie Commons hit the market, buyers swarm in and drive up prices.
SEATTLE—“The office market mirrors what is happening with the overall economy, and all signs point to a bounce-back in 2015 that will be similar to what we saw in 2014,” says Cynthia Foster, president of national office services at Colliers.
NEW YORK CITY—However, unsecured bond spreads have widened over the past several months, reflecting concerns over monetary policy tightening, says Fitch in a report by REIT analysts including Steven Marks.
RIVER VALE, NJ–As the 2015 golf season heats up, Edgewood Country Club in River Vale has traded hands faster than a shotgun-start, in a transaction teed up by Cushman & Wakefield's Metropolitan Area Capital Markets Group. The Witmondt and Schonbraun Families acquired the 185-acre property. Terms were not disclosed.
WEST LONG BRANCH, NJ—More than 500 leaders of the commercial real estate industry gathered at Monmouth University's imposing Woodrow Wilson Hall last week for the Kislak Real Estate Institute's Leadership Excellence Award Dinner, which honored two key influencers in the industry, while raising money for scholarships for promising students in the real estate education program.
DALLAS--HighStreet Net Lease Group, a Houston-based company specializing in the disposition and acquisition of net-leased investment properties, recently represented two private groups in the acquisition of net-leased properties in Arlington and Texas City, TX.
PHILADELPHIA, PA—Wayne Trotman, a former president of middle market commercial banking at JPMorgan Chase says the bank tried to pressure him to get a nonprofit board to scuttle the settlement of an affordable housing lawsuit, and fired him when he refused. Trotman is suing the bank.