Allison Landa
Mississippi’s Rainbow Hotel & Casino Fetches $80M
The property features the 89-room Rainbow Hotel, a 33,000-square-foot casino, a 20,000-square-foot conference center and 48,000 square feet of restaurant and administrative office space.
REIT Week 2010: Economic Outlook Optimistic, Except For When it Isn’t
The opening general session of REIT Week 2010, held at the downtown Chicago Hilton by the National Association of Real Estate Investment Trusts, featured two economists in a panel talk called “The Winds of Wisdom and Worry.” The presentation illustrated the old joke about putting all the world’s economists together end-to-end and still not being able to reach a conclusion.
Inland Real Estate Partners with Dutch Pension Fund on $270M Shopping Center JV
The joint venture will kick off with PGGM’s infusion of $20 million of equity and Inland’s contribution of three retail properties valued at an aggregate $45 million.
Built for $130M, Premier 378,000-SF Suburban Los Angeles Shopping Center Trades for $94.5M
A private Southern California-based investment group took the premier lifestyle property, located approximately 30 miles west of Los Angeles in the affluent community of Chino Hills, Calif., off the hands of a bank consortium spearheaded by Bank of America.
Economy Watch: Hotels Turning a Corner?
Room rates at Marriott International properties in North America showed an increase in May for the frist time in more than two years. According to the company, the increase was all of 1 percent compared with the same month in 2009, but an increase of any kind is a rare bird in the hospitality business these days.
American Campus Communities to Shell Out $348.9M for 14 Student Housing Properties
The properties, which encompass an aggregate 8,534 beds, do not come unencumbered; the price tag includes $252.2 million in existing debt.
Emden Joins Colliers as Vice Chair
Emden will report directly to New York Tri-State CEO Mark Jaccom and will hold responsibility for growing the company’s tenant representation division, transacting leases, acquiring new business and developing the roster of brokers.
One World Trade Center Now 26 Stories Above Street Level
Once complete in 2013, the building will be the tallest office tower in the country, standing 1,776 feet high and boasting 2.9 million rentable square feet of Class A office space.
Economy Watch: Conference Board Employment Trends Index Hopeful
The official employment numbers might not have been terrific, but the Conference Board reported on Monday that its Employment Trends Index increased again in May for the ninth straight month. The index now stands at 95.7, up from April’s revised figure of 95.2, and up almost 9 percent from a year ago.