National Commercial Real Estate News From CoStar Group
NEW AT THE TOP: Gilmartin Named Pres., CEO of Forest City Ratner Cos.
Forest City Ratner Cos. named MaryAnne Gilmartin as president and CEO of the Brooklyn-based real estate firm, effective today. She will succeed Bruce Ratner, the company’s founder, who will stay on as executive chairman.
Gilmartin most recently served as FCRC’s executive vice president in charge of commercial and residential development. Her 19-year tenure at the company includes overseeing the Barclays Center and Atlantic Yards projects, the...
LaSalle Sells Denver World Trade Center Towers
Chicago-based LaSalle Investment Management sold the Denver World Trade Center, a two-building complex in the central business district of Denver, CO, to Rosemont Realty of Santa Fe, NM. The price was not disclosed.
“This acquisition follows a broader strategy by Rosemont of migrating more of its portfolio into commercial business districts where tenant demand is improving and rates have the potential to grow rapidly in the coming years,” said...
Childress Klein Closes $245M Sale of 1 Wells Fargo Center
Childress Klein Properties completed its sale of 1 Wells Fargo Center, a 42-story office building in Charlotte, NC’s central business district, for $245 million or $249 per square foot. An affiliate of Starwood Capital Group partnered with Vision Equities to make the off-market purchase.
CKP has owned the asset since it was delivered in 1998. The seller agreed to manage and lease the structure under a long-term deal with the joint venture....