REAL ESTATE

CBRE to manage properties for Carlson

BY Michael Fickes

Los Angeles — The CBRE Group has signed a multi-year contract with Carlson to provide project management for select locations in the United States including the company’s world headquarters. Carlson is a family-owned, global hospitality and travel industry company with more than 1,300 hotels in operation and development and more than 900 restaurants worldwide.

CBRE has provided facilities management services for Carlson’s administrative properties in the United States since 1994. The new contract includes project management services.

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REAL ESTATE

RKF arranges $18 million sale of Upper East Side property

BY Michael Fickes

New York — RKF has helped arrange the sale of a 12,250-sq.-ft. property on Manhattan’s Upper East Side at 1151 Third Avenue for $18 million.

RKF Investment Sales & Advisory Services represented the buyer, 1151 Third Avenue LLC, in the transaction. HelmleySpear represented the seller, 201 East 67th Street. The transaction closed in late October.

The property is a five-story commercial building constructed in 1901. Retail tenants include Lucky Brand and Flywheel. Office tenants occupy the upper floors.

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REAL ESTATE

The Retail Connection boosts development in Texas

BY Michael Fickes

San Antonio, Texas — The Retail Connection has brought retail development veteran David Berndt on board to extend the company’s tenant driven retail development capacity. Berndt will join as Development Partner of The Retail Connection | Connected Development Services. In that role, he will lead the company’s development platform in Central and South Texas.

The Retail Connection is expanding its capabilities across the board in Central and South Texas, adding senior brokerage leaders too.

Berndt founded his development company, David Berndt Interests, in 1998. In 2000, the company became Target Corp.’s preferred developer for Central Texas. Since the company’s inception, it has developed more than six million sq. ft. of shopping centers.

“I have had great success working with The Retail Connection on several important retail projects, and it was a natural fit to combine our collective talent and experience to expand The Retail Connection’s development footprint,” said Berndt.

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