New York-based UBS Warburg predicts that San Diego, San Francisco and Washington, D.C., are the markets that will experience the biggest increases in convention business in 2003 — an increase of 30% to 40%. Hilton...
Pittsburgh, Pa.-based Dick's Sporting Goods Inc. plans an initial public offering on the New York Stock Exchange. According to a recent SEC filing, the company wants to issue 8.4 million shares at an estimated price...
New York office owner Brookfield Properties Corp. has acquired Lehman Brothers’ 51% interest in Three World Financial Center for $158 million. 3 WFC is also the world headquarters for co-owner American Express...
Tricor Realty Advisors, a Dallas-based firm that represents landlords in leasing transactions, has agreed to merge with United Commercial Realty, also of Dallas. The merger creates the largest third-party shopping...
Grubb & Ellis announced this morning that it has formed an alliance with Toronto-based Avison Young. The alliance, along with Grubb’s previous partnership with international services provider Knight Frank — which...
Increasing default rates among the three core property types in commercial mortgage-backed securities (CMBS) drove the cumulative default rate up in 2001, according to a survey by New York-based Fitch Ratings...
Lakewood, N.J.-based Cedarbridge Development Corp. plans to begin construction on a 1.5 million sq. ft. Class-A office park by the end of the year now that it has received a permit from the New Jersey Department of...
Hilton Group PLC has sold a 60% interest in 10 hotels in the United Kingdom to the Rotch Group and the Farnsworth Group, both based in London, for $520 million. The 10-property portfolio includes 2,042 guestrooms...
