Business Specialties
REIT Buys Tokyo Hilton Hotel for $560M
Tokyo-listed Japan Hotel REIT Investment Corp. picked up the 453-key property in the city’s Odaiba area, marking the hotel’s second sale in 15 months.
Bain Capital Sells Boston-Area Life Science Asset for $128M
Located in Cambridge, Mass., the property is close to both Harvard and the Massachusetts Institute of Technology.
VICI, Hard Rock to Acquire Ohio Casino for $745M
The companies will purchase the real estate and operating assets of the JACK Cincinnati Casino from JACK Entertainment in separate all-cash transactions.
SIGNA, RFR Close on Chrysler Building Purchase
Abu Dhabi Investment Council and Tishman Speyer have sold off the iconic 77-floor office tower in Midtown Manhattan, plus the adjacent pyramid-topped retail center.
Oil and Gas Consulting Company Renews Houston Lease
The tenant will continue to occupy space on the 32nd floor of Fulbright Tower, a LEED Gold-certified building part of Brookfield Properties’ 4.2 million-square-foot Houston Center office campus.
Hidrock Secures $32M Refi for Manhattan Asset
The loft-style office building comprises 77,880 square feet and is located in the Midtown neighborhood. HFF placed the loan through Ladder Capital Finance.
Decennial Group CRE Venture Launches With $1B Goal
Farpoint Development, Clayco and CRG are behind the investment and development platform, which will focus on projects in designated Opportunity Zones across the U.S. heartland.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.
Marriott to Open New SpringHill Suites in GA
Stafford Hospitality owns the 104-key Marriott hotel located in the historic town of Tifton, near the Georgia Museum of Agriculture and the University of Georgia Tifton Campus.
Serendipity Labs Opens 2nd WI Location
The coworking space operator selected an eight-story, 360,090-square-foot office building in Middleton as the setting of its seventh Midwest location.