CannonDesign Adds New Chief Technology Officer, Acquires Four New Firms In Nine-Month Flurry Of Expansion
Over the past nine months, CannonDesign has executed multiple mergers, acquisitions, new partnerships and hires as part of a five-year strategic plan to reshape the firm and chart its future. The spate of activity brings CannonDesign to offices in 21 cities and over 1,000 employees around the globe offering 15 services ranging from master planning and construction services to workplace strategy and technology consulting. The deals expand its expertise in healthcare, education, science and technology and commercial design, and added a chief technology officer to the firm.
CannonDesign CEO Brad Lukanic said the moves will help the company meet the needs of its clients in a marketplace where technological innovation and specialization are becoming the norm.
“We want to lead our industry and not just react to changes…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
Hackman Capital Partners Enters East Bay Market Through Emeryville Office Acquisition
Los Angeles-based Hackman Capital Partners has entered the East Bay market through its purchase of an office portfolio in Emeryville. The five-building, 131K SF portfolio named Emeryville Exchange was 87% occupied by 16 tenants, including Adobe-owned TubeMogul, at the time…
Read Full Story
|
|
|
Blackstone's Newly Rebranded Equity Office Inks Deal With Industrious To Bring Coworking To Its Offices
Blackstone-owned EQ Office, a U.S. office portfolio company formerly named Equity Office, has undergone a major rebrand that includes plans to reposition several properties to improve the employee experience, as well as new partnerships with flex space operators to make more efficient use of its footprint.
The 42-year-old company, which has more than $450B worth of assets under management in New York, Los Angeles, San Francisco, Seattle and Boston, inked a license agreement with coworking provider Industrious to bring collaborative workspaces to the Howard Hughes Center in West…
Read Full Story
|
|
|
Cushman & Wakefield Files For IPO, Betting On Continued CRE Strength
Cushman & Wakefield, which had revenue of nearly $7B in 2017, filed for an initial public offering Wednesday. The company is betting that commercial real estate will continue to grow strongly worldwide over the next few years.
"The global commercial real estate industry is expected to grow at approximately 5% per year to more than $4 trillion in 2022, outpacing expected global gross domestic product growth," Cushman & Wakefield said in its filing.
More specifically, Cushman &…
Read Full Story
|
|
|
|
|
|
The Power Of Perception: How Society Feels About A Company Will Impact The Value Of Its Building
How do you make investment decisions based on trends that are starting to emerge now, but whose full impact might not be felt for another 10 or 20 years?
That is the question posed in a new research paper called Innovation: An Opinion About Change produced by UBS Asset Management.
It looked at three areas — perception, demographics and technology — and outlined types of assets that should start to be valued at a discount or premium today, based on trends that will unfold over the coming years and decades. Here are some of the key asset types to watch.
Read the full story here. |
The New Closers: Why Capstone Managing Partner A.J. Klenk Is Someone To Watch
At 34, Andrew “A.J.” Klenk is not just the co-founder and managing partner of Capstone Apartment Partners, a multifamily investment brokerage firm. He is also shaking up the short-term property management sector with his new company, Air Hospitality.
With a personal portfolio composed of more than 40 properties, including a farm-to-table restaurant and a water tower, Klenk has many accomplishments, though talking about them is not his style.
In fact, by the time he turns 40, Klenk hopes to be independently wealthy enough to realize the dream that brought him to commercial real estate in the first place: building schools around the world for those in need.
Read the full story here. |
|
|
|
|
