Thursday, August 1, 2013

PREI Names New CEO, Old CEO Goes to Hotels




National





PREI Names New CEO, Old CEO Goes to Hotels



MADISON, NJ-Eric Adler today was named as Prudential Real Estate Investors' new CEO as of September; The current CEO Allen Smith will stay on to ease transition before taking up a new post as CEO of Four Seasons Hotel & Resorts.











Congress Makes Another Run at FIRPTA



WASHINGTON, DC-Congress is making another attempt to reform FIRPTA. Will the proposal actually make it across the finish line this year? AFIRE's Jim Fetgatter is hopeful it will.











'Bell Labs' Town Center Project Gets Final OK



HOLMDEL, NJ-Somerset Development's Ralph Zucker says that he expects the medical-related office part of the Town Center plan approved Tuesday night for the former Bell Labs building will be open by mid-year 2014.











SH Experts: Watch out for Interest Rates



DALLAS-In an exclusive interview with GlobeSt.com's Amy Wolff Sorter, Dorothy Jackman of Colliers and CBRE's Jaclyn Fitts suggest interest rates will determine student housing activity for the rest of the year.











Home Ownership, New Stock Squeeze MF Rental Growth



NEW YORK CITY-Uniquely among the major sectors, apartments face competition from single-family homes to own or rent, says a Moody’s report.











Shanghai Greenland Makes Big L.A. Play



LOS ANGELES-Chinese developer Shanghai Greenland has purchased a stake in the much-coveted Metropolis site in downtown L.A. The firm plans to invest $1 billion on a mixed-use project.











Offices on Alameda Go Private



BURBANK, CA-A four-story, 34,153-square foot office building has been sold to a local private investor. The building's two major tenants have renewed leases.








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