michaelratliff
Hilton Sells Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. Ltd. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Brookfield Places Winning Bid for Atlantic City’s Bankrupt Revel
It looks like Atlantic City is back to having nine casinos. Brookfield Asset Management came out on top of Tuesday’s auction of the long-troubled hotel and casino Revel Atlantic City.
October 2014 – Briefs/Leasing & Management
Servcorp, Cushman & Wakefield Sign in One WTC; Duke Fills Metro Nashville Distribution Center with Big Lease; NGKF Awarded 65 MSF Ascension Services Contract; Colliers Completes 70 KSF Lease in Arizona; Amazon Takes 700 KSF with Clarion in California; Kennedy Wilson Lands 262 KSF Management Gig in San Francisco; Stiles Lands 825 KSF in Assignments in Florida; JLL Chosen as Exclusive Service Provider for Desjardins Group.
October 2014 – Briefs/Sales & Development
Select Income, Cole Corporate Income Trust to Merge; Health Care REIT to Acquire HealthLease, Partner with Mainstreet Property Group; Jamestown Grabs 297 KSF Office in San Francisco; Related, Renard JV to Develop New FBI Headquarters; Waterton, Clal Acquire Stamford M-F for $121M; KBS REIT II Sells Palm Beach Office Tower for $150M; Hines Acquires 400 KSF Chesapeake Plaza in Fort Worth; Colliers’ Cooke Team Brokers $168.5M Phoenix M-F Sale.
October 2014 – Briefs/Finance
Citizens Financial Leads $296M Financing for 1.2 MSF Chicago Office Project; Canyon Capital, Hudson Pacific Provide $140M Loan for L.A.’s Broadway Trade Center; Morgan Stanley Mortgage Capital Supplies $700M CMBS Loan; Meridian Arranges $210M for L.A. Retail Acquisition; St. Anton Inks $96M Loan for Facebook Co-Designed M-F; Shorenstein Lands $170M for 850 Third Ave.; Dominion Mortgage Introduces New M-F Lending Program; Walker & Dunlop Structures Financing for 1,032-Unit M-F Portfolio.
October 2014 – Briefs/People
Payne Joins SARES-REGIS as President of M-F Development; Clarion Hires Crane to Co-Head Western Acquisitions; Mayer Brown Adds Two to New York Real Estate Practice; Hammer Joins Alfred Sanzari Enterprises as EVP/CFO; Lee & Associates Makes Ohio Debut with New Cleveland Office; KTGY Hires Willis as Denver-Based Principal; Utterback Joins Kennedy Wilson as Senior Managing Director; CBRE Appoints Fessler as Managing Director in Cincinnati.
How do we operate in a world where pricing is at a peak?
–Leonard O’Donnell, USAA Real Estate Co.
INTERNATIONAL: Infosys, Skanska Sign Record-Breaking Office Lease in Poland
Infosys BPO Poland has taken 226,000 square feet of office space with Skanska in the largest office lease in Poland so far for 2014.
INTERNATIONAL: Amstar Buys Luxury Residential Tower in Warsaw
Denver-based Amstar Global Advisers has purchased Warsaw’s iconic Zlota 44 residential tower in an off-market transaction.
Podcast: Real Estate Law Practices Expand
Jack Kern and Mike Ratliff sit down to chat about trends in real estate law. Our 2014 survey of real estate law practices found that firms are expanding, perhaps in response to the increasing complexity of the commercial real estate sector.