Property Management News RSS

Guardian Rolls Out Affordable Housing Advisory Division

Wed, 28 Oct 2009 13:05:08 UTC

Portland, Ore.-based management and investment firm Guardian Real Estate Services is planning to roll out a new advisory division. The company�s new unit will be headed by Brad Bullock, who will join Guardian as senior vice president, advisory services.

McShane Snags 380,000SF Healthcare Facility Management Contract

Wed, 28 Oct 2009 13:05:08 UTC

McShane Medical Properties has been awarded the management and leasing assignment for Nationwide Health Properties, a portfolio containing a total of 380,000 square feet across 12 buildings throughout suburban Chicago.

$100M JV Eyes Student Housing Sector

Wed, 28 Oct 2009 13:05:08 UTC

In the midst of the industry-wide downturn, student housing has been one of the few niches to remain largely healthy. Capitalizing on that, Landmark Properties, Retreat Holdings and Chicago-based real estate private equity firm Harrison Street Real Estate Capital have formed a $100 million joint venture partnership to develop and manage new student cottage communities throughout the country.

Software Expedites Energy Monitoring, Assessment and Reporting Process for CRE

Wed, 28 Oct 2009 13:05:08 UTC

Energy conservation, which can provide immediate and long-term savings, oftentimes at relatively low costs, has become a focal point in the widespread effort to achieve greater sustainability. That's where a new software program called BuildingAdvice comes in. a product of Portland,Ore.-based firm AirAdvice, the platform is a wireless building performance diagnostic system that monitors, assesses and produces reports on a building's energy performance.

Cassidy & Pinkard Colliers Chairman to Step Down

Wed, 28 Oct 2009 13:05:08 UTC

Robert Pinkard, chairman of Washington, D.C.-based services firm Cassidy & Pinkard Colliers, plans to leave the company that he co-founded in 1981.

Opus Offloads Management Biz to NorthMarq

Wed, 28 Oct 2009 13:05:08 UTC

A month after announcing plans to sell off its property management business, Opus Corp. will offload that division to NorthMarq Real Estate. NorthMarq made the winning bid to acquire Opus Property Services L.L.C. from a field of eight national real estate companies in the running.

Transwestern Wins Nearly 500,000-SF Property Management Assignment

Wed, 28 Oct 2009 13:05:08 UTC

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

Wed, 28 Oct 2009 13:05:08 UTC

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

Wed, 28 Oct 2009 13:05:08 UTC

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.

Bellina Takes Over as General Manager at Empire State Building

Wed, 28 Oct 2009 13:05:08 UTC

On the heels of announcing a major sustainability initiative, the owners of Manhattan�s iconic Empire State Building have tapped Joseph Bellina to serve as the tower�s new general manager.

Essex Tapped to Manage 800,000SF Orange County Biz Park Portfolio

Wed, 28 Oct 2009 13:05:08 UTC

Essex Realty Management has been awarded the leasing, property management and construction management assignment for an 800,000-square-foot portfolio of multi-tenant business parks in Orange County, Calif.

Summers: Dallas/Ft. Worth is M-F's 'Golden Child'

Wed, 28 Oct 2009 13:05:08 UTC

"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

Wed, 28 Oct 2009 13:05:08 UTC

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

Wed, 28 Oct 2009 13:05:08 UTC

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

Wed, 28 Oct 2009 13:05:08 UTC

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.