Business Specialties
HFF Closes Recap, Arranges Acquisition of 215-Key Hotel in El Segundo, Calif.
The DoubleTree LAX, a 215-room, full-service hotel in El Segundo, Calif., has closed on a new-equity recapitalization that has brought in two new owners.
Emaar Properties JV to Develop RE Projects in Saudi Arabia
Abdul Latif Jameel and Emaar Properties have officially gone into business together, looking to develop a number of projects in the Kingdom of Saudi Arabia.
Terramar, Studley Sell 618 KSF Shopping Center in Santa Clarita, Calif.
Terramar Retail Centers, with the help of Studley, has sold a 618,000-square-foot regional shopping center in Santa Clarita, Calif. through its subsidiary, GMS Golden Valley Ranch.
Stream Realty Partners Gets Financing for Power Center in Houston Area
Stream Realty Partners has received joint venture equity and construction financing for a 165,000-square-foot power center development in Pearland, Texas.
Rooker Buys 90-Acre Mall Site in Atlanta for Redevelopment
Atlanta-based real estate development and construction company Rooker plans to buy a 764,000-square-foot mall on a 90-acre site in Union City, Ga., and redevelop the property.
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Gallery: Adaptive Reuse
Developers are infusing new energy into adaptive reuse. This slideshow depicts examples of distinctive projects from around the country.
Adaptive Reuse in Hospitality: A Q&A with Hilton Worldwide’s Bill Duncan
The hospitality industry is vying to capture business and leisure customers, and transforming existing buildings into distinctive venues is growing in popularity as a way to stay a step ahead of the competition. A prolific developer of adaptive reuse projects, Hilton Worldwide has created one-of-a-kind hotels from a wide variety of properties, ranging from landmark Beaux Arts office buildings and stalled condominium projects to a former military academy. Bill Duncan, global head of the Homewood Suites and Home2 Suites Brands, offered an inside view of adaptive reuse trends and strategy in a Q&A with CPE Senior Editor Paul Rosta….
Hines Sells Industrial, Retail Assets in Mexico to Fibra Uno REIT
International real estate firm Hines has sold a portfolio of five industrial properties and one retail center in Mexico.
Madison Int’l Acquires Interest in Downtown NYC Retail Condo for $68M
Madison International Realty shelled out $68 million on the acquisition of a non-controlling 49 percent interest in a retail condominium at 510 Sixth Ave. in Manhattan.
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