Q&A With Michael Beckley:
Hotel Industry Legend Joins CBRE
Michael Beckley, who as EVP of Marriott International helped grow its Canadian footprint more than twentyfold in just over a decade, is a new director for CBRE Hotels. He tells us how he'll augment the operation.
Bisnow: How did you arrive at CBRE?
Michael Beckley: I officially retired from Marriott International July 1 last year. And (CBRE Hotels EVP) Bill Stone, who I've known probably 34 years, approached me in December to consider joining his organization. My…
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First Capital Acquires One Bloor's Podium, Mr. Christie's Bakery Site
First Capital Realty has reached a deal to purchase 85k SF of flagship retail space and 52 parking stalls at One Bloor for $189.2M. The property, the podium of Great Gulf's landmark 76-storey condo tower, includes three levels of retail…
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Vail Resorts Buys Whistler Blackcomb For $1.4B
Whistler Blackcomb Holdings is being sold to Colorado-based Vail Resorts in a deal worth nearly $1.4B that marks the first venture north of the border for Vail. Whistler Blackcomb CEO David Brownie, who will join Vail's leadership team and stay on as…
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Merger Terminated: Here's What JBG Cos Has Sold In The Last 18 Months
Now that plans to merge with New York REIT—creating an $8.4B publicly traded REIT—have fallen through, The JBG Cos will continue its selling spree.
It's no longer about going public for the Washington-based developer and landlord, JBG managing principal Matt Kelly (pictured) told Bisnow last week. The firm was already putting assets on the market prior to its announced merger, and now it aims to sell at least a dozen properties, raising as much as $500M in equity within the next year. Here's what JBG has sold within the past 18 months.
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How Looming Regulatory Hurdles Could Affect Airbnb's Profits And $30B Valuation
Airbnb's latest $850M round of funding has raised the company's value to $30B—quite the leap from the $25.5B valuation given the home-sharing company in December.
The unicorn is up there with rapidly growing startup Uber—recently valued at $66B—and co-working giant WeWork. But in light of recent legal and regulatory hurdles in NY and S.F. that could potentially hurt company profits, many industry experts wonder whether the company's $30B value will hold.
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The Simple Trick To Leasing Space Faster
Leasing commercial real estate is about showing the client the potential that a space possesses. You can present a raw space empty.
If you're feeling ambitious, you can spend a bunch of time, money and other resources on another broker…
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