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Top Story

Värde Closes Buy of Italian Hotel Chain

MILAN—The acquisition, which began with the acquisition of Gruppo Boscolo's debt in nine separate transactions, brings luxury hotels in four countries into the Värde fold.

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International Headlines

Prologis Raises Guidance on FFO, Net Earnings

SAN FRANCISCO—As US fundamentals remain solid, Europe continues to emerge as “a bright spot for us,” says Prologis CEO Hamid R. Moghadam.

Furnary Stepping Down as Clarion CEO

NEW YORK CITY—Clarion Partners’ cofounder will remain executive chairman, turning over the reins to the firm’s current president and CIO, PERE reported Monday.

Manulife RE Makes First Singapore Buy

SINGAPORE—Anchor tenant PricewaterhouseCoopers soon will vacate the office tower bearing its name, creating re-leasing opportunities for the property’s new ownership.

Spotlight On

AdCare Promotes Rimland After CEO Dismissal

ATLANTA—The healthcare property holding and leasing company’s new CEO has served as its president and CFO for the past two years.

Seniors Housing Inventory Growing Fast

CHICAGO—The pace of new construction has helped push down the US occupancy rate, according to NIC.  

Mortenson Begins $38 Million Suburban Wellness Center

CHICAGO—The project is a public-private partnership with Northwest Community Healthcare, and will serve area residents along with the Harper College community.

Current Issue

Cover Story

CCIM's Even-Newer Normal

After 50 years in the business, CCIM faces—and rises to—the challenges all associations face: remaining relevant in a new age of commercial real estate.

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