REBusinessOnline

Tower Launches Full-Service Cannabis Real Estate Division in Florida

MIAMI — Tower Commercial Real Estate has launched a full-service cannabis real estate brokerage division in Florida. Tower has closed $50 million worth of cannabis-related retail and industrial transactions in the past 18 moths and has another $15 million of cannabis-related sales expected to close by the end of the year in the state. Senior managing director Scott Allen and senior director Rob Foster of Tower will lead the division. As of May 2, Florida had 213,000 people enrolled in its …

Company News, Florida, Southeast

Multifamily Developer JPI Names New CEO, CFO, Board of Directors

IRVING, TEXAS — JPI, an Irving-based multifamily developer with more than 5,000 units under construction, has named former chief development officer Brad Taylor as its new CEO, effective as of July 1. In addition, the company has appointed Chris Clayton, formerly of Forest City Realty Trust, as its new CFO. JPI will also establish a board of directors consisting of Bobby Page, Ron Ingram, Mark Bryant and Kirk Motsenbocker, who previously served as the company’s executive committee. JPI’s …

Company News, Multifamily, Texas

Orlando the Top City in North America for Tech Talent Growth, Says CBRE

ORLANDO, FLA. — Orlando has topped CBRE’s list of tech talent momentum markets in the firm's annual Scoring Tech Talent Report, which measures growth and acceleration in 50 cities across the United States and Canada. Over the two-year period from 2017-2018, the tech talent labor force in Orlando grew 14.1 percent compared with the previous two-year period. According to the study, San Diego and Chicago were the second and third fastest growing cities with 10.2 percent and 8 percent …

Company News, Florida, Southeast

Former Transwestern Principal Launches Investment, Brokerage Firm in DFW

FORT WORTH, TEXAS — Former Transwestern principal Sarah LanCarte, who most recently worked at investment firm Fort Capital, has launched LanCarte Commercial, an investment and brokerage firm serving the metroplex. Her team includes vice president David De Carion, industrial brokerage associate David Corley and client and transaction manager Lori Loftis. The firm has already closed its first deal, the acquisition of a 6,000-square-foot office building in downtown Fort Worth, which will serve …

Company News, Texas

Charming Charlie Declares Second Bankruptcy, Will Close All 261 Stores

HOUSTON — Charming Charlie, a women’s fashion and beauty chain based in Houston, filed for Chapter 11 bankruptcy on Thursday. It is the second time the retailer known for its colorful displays of jewelry, handbags, apparel and beauty products has filed for bankruptcy in less than two years. The company now plans to close all 261 of its remaining stores across 38 states. The retailer’s first filing was in December 2017, and the financial restructuring was completed the following April. …

Company News, Retail, Top Stories

Colliers International Launches New Project Leaders Division

NEW YORK CITY — Boston-based Colliers International Group has formed Colliers Project Leaders | USA, a division of the global investment firm that combines project management, development management, planning and advisory services into one division. The new unit will focus on projects for a range of property types in the Northeast tri-state area, including healthcare, residential, mixed-use, hospitality and retail. In the United States and Canada, Colliers Project Leaders serves corporate, …

Company News, New York, Northeast

Consigli Building Group to Acquire T.G. Nickel & Associates on July 1

NEW YORK CITY — Two construction management firms with offices in the Northeast will become part of the same operation on July 1. That’s when Consigli Building Group, a $1.6 billion company with five regional offices, acquires New York City-based T.G. Nickel & Associates. The acquisition will allow the new entity, which will be branded as Consigli, to take on new types of projects in the healthcare and academic spaces. Once the deal closes, Nickel CEO Thomas Nickel, who founded the …

Company News, New York, Northeast

Equinox Development Hires Genny Hall to Oversee Leasing

[caption id="attachment_232762" align="alignright" width="100"] Genny Hall, Senior Vice President and Partner at Equinox Development[/caption] MAITLAND, FLA. — Equinox Development Properties Inc. has hired Genny Hall as senior vice president and a partner to oversee the leasing for all developments and retailer relationships. Hall has more than 15 years of retail brokerage experience. Prior to joining Equinox, Hall served as the managing director of retail services at Colliers …

Company News, Florida, Retail, Southeast

Eldorado Resorts to Acquire Caesars Entertainment for $17.3B, Creating World’s Largest Gaming Company

RENO AND LAS VEGAS, NEV. — Eldorado Resorts Inc. (NASDAQ: ERI) and Caesars Entertainment Corp. (NASDAQ: CZR) have agreed to merge operations in a cash and stock deal valued at $17.3 billion. Eldorado plans to purchase the assets and operations of Caesars, creating the world’s largest gaming company. If approved and executed, the combined company would operate under the Caesars name and continue to trade on the Nasdaq Global Select Market. The combined company would own and operate …

Acquisitions, Company News, Hospitality, Nevada, Retail, Top Stories, Western

State Farm Arena in Downtown Atlanta Earns LEED Gold Certification

ATLANTA — State Farm Arena, home of the NBA’s Atlanta Hawks, has received a Leadership in Energy and Environmental Design (LEED) Gold Certification from the U.S. Green Buildings Council (USGBC). Situated in downtown Atlanta, State Farm Arena was certified due to efforts that include a partnership with Rubicon Global to recycle 12,500 seats in 2018 following its $192 million makeover; the arena and surrounding area becoming a smoke-free campus; upgrading the lighting fixtures to LED …

Company News, Georgia, Southeast
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