Barbra Murray
Industry Awaits Hilton IPO
It’s been just over two months since Hilton Worldwide filed for an initial public offering of its common stock, with the goal of raising $1.2 billion. While the industry waits for the launch, it is pondering the meaning of taking the hotel giant public.
Levin Survey: Holiday Retail Traffic Expected Sooner This Year
Retail property operators and managers will have their hands full this holiday season, and it will happen sooner rather than later.
Hillwood, Sovereign Wealth Fund Wrap First Closing of $1B Industrial Venture
The partners expect to ultimately raise an aggregate $400 million, which they intend to leverage for $1 billion in acquisitions and development over the next three to four years.
Law Firm Renews Lease of 150 KSF Silicon Valley Office Building
Fenwick & West is staying put in its Silicon Valley digs at 400 Castro St. in Mountain View, Calif., for the long term. The law firm recently renewed its lease of every single square foot of office space at the 150,000-square-foot property with owner Tishman Speyer, making its downtown address permanent for the next 15 years.
MWest Spends $200M for 825 KSF Office, R&D Portfolio in Silicon Valley
MWest Properties’ Silicon Valley footprint just grew by 825,000 square feet. The company, a year-old venture comprised of DivcoWest, Ivanhoé Cambridge and TPG Real Estate, has acquired a three-campus portfolio encompassing 12 R&D and corporate office buildings in San Jose, Calif.
Meridian, Beech Street Arrange $90M in Financing for M-F Portfolio in Orange County, Calif.
Real estate finance and advisory firm Meridian Capital Group joined forces with mortgage banking company Beech Street Capital to better position themselves for arranging refinancing for a 982-unit multi-family portfolio in Orange County, Calif.
Avison Young Expands in Metro DC with McShea Acquisition
Toronto-headquartered Avison Young’s aggressive, methodical growth plan continues as the CRE services firm increases its footprint in metropolitan Washington, D.C., with the acquisition of McShea & Co.
Beech Street Closes Loan for Suburban Dallas M-F Property
It’s business as usual for Beech Street Capital, as the company moves toward completing its merger with Capital One Financial Corp. Among the mortgage banking concern’s latest transactions is the closing of a Fannie Mae conventional loan for a borrower’s off-market acquisition of the 416-unit Marbletree Apartments just outside of Dallas.
Great Lakes Capital Fund Merges with Delaware Community Investment
Delaware Community Investment Corp. and Great Lakes Capital Fund recently merged in an effort to expand their reach and services to underserved communities.
Goddard Grabs 440 KSF Class A Office Building in Atlanta
Acting through the Goddard Value-Add Office Fund I, Goddard purchased the 440,000-square-foot Class A asset, perched atop Mount Wilkinson in Atlanta’s historic Vinings neighborhood, from a Parmenter Realty Partners fund.