National Commercial Real Estate News From CoStar Group
CoStar's People of Note (April 21-28)
This week's People of Note includes the following markets: Houston, Inland Empire, Northern New Jersey and Washington, DC.
Owen Returns to Full-Service Brokerage With New Position at NGKF
By Laurie Forbes
Newmark Grubb Knight Frank hired top leasing agent Brendan Owen as an executive vice president. He will help expand the firm’s brokerage business in Washington, DC, by managing all asset servic
Brookfield to Buy MPG Office Trust for $180M
Ending a long decline that started during the recession, MPG Office Trust, Inc., until recently the largest office landlord in downtown Los Angeles, has agreed to be acquired by an affiliate of Brookfield Office Properties Inc. (NYSE: BPO).
Under the merger agreement, a newly formed fund controlled by BPO called DTLA Holdings will acquire the firm launched by Los Angeles real estate icon Robert "Rob" Maguire III. The fund will own both BPO’s existing...