Barbra Murray
Behringer Harvard, Prospect Capital Launch Investment JV
With an eye toward tackling the challenges posed by the plethora of low-yielding fixed-income vehicles in the current financial environment, Behringer Harvard Holdings L.L.C. and Prospect Capital have teamed up on the launch of a new venture.
Homewood Suites Introduces New Design Concept with Smaller Footprint
The 97-room hotel marks the debut of Homewood Suites’ new Generation 9 design prototype.
Marriott Vacations Kicks Off Third Phase of 223-Unit Timeshare in Las Vegas
Seven years after opening Marriott’s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.
RREEF Details $290M Investment in Manhattan Retail Condo
The mezzanine loan underscores the investment management firm’s record of pursuing blue-chip retail properties in Manhattan.
Macerich Taps Developers for $600M Mixed-Use Suburban D.C. Project
Hines, Kettler and Woodbine Development Corp. will integrate office, residential and hotel components into the 44-year-old Tysons Corner Center regional mall.
AFL-CIO Provides $90M for Rehab of Boston Affordable Housing
The investment in MassHousing bonds and notes will help finance the $148 million renovation of 338 units at two low-income properties.
Tishman Refinances Renowned French Office Tower for $571M
Lenders are not exactly generous with loans these days, but they are shining their light upon certain properties, and Tishman Speyer’s Lumière Building in Paris is one of them.
Port of Los Angeles Floats RFQ for 30-Acre Site
It’s the leading trade gateway in the United States, and it’s being transformed to attract more than just cargo. The Port of Los Angeles’ $1.2 billion, three-year improvement effort is now primed to go to the next level.
CBRE Group Makes Appointments at the Top
CBRE Group Inc. has announced that Calvin Frese will step into the position of CEO of the company’s Americas business, Mike Lafitte will serve as Global President of CBRE Services, and two other company veterans will take on new roles.
N.J. Utility Renews 825 KSF Lease in Newark
Public Service Enterprise Group’s deal with Wells Real Estate Investment Trust II, owner of the 1 million-square-foot office high-rise at 80 Park Plaza, marks one of the Garden State’s largest-ever real estate transactions.