Business Specialties
Carey Watermark Buys 295-Key Kansas City Marriott Country Club Plaza
Carey Watermark Investors has been on quite the buying binge this year, and the REIT’s recent acquisition of the Kansas City Marriott Country Club Plaza has kept the trend alive.
Harrison Street Sells 22 Self-Storage Properties for $223M
Harrison Street Real Estate Capital has sold 22 self-storage properties totaling 1.7 million square feet to CubeSmart as the first part of a $223 million, two-tranche deal.
EXCLUSIVE INTERVIEW: M-F Market to Stay Strong as GDP Expansion Peaks in 2015
According to the National Association of Home Builders, the economy is back on track, and economic growth will accelerate further into next year. Will that mean the multi-family market will strengthen further?
Chambers Street Acquires Industrial Portfolio in NE Pennsylvania
Chambers Street Properties has acquired a four-property,1,644,480 million-square-foot portfolio located in the Northeast Pennsylvania industrial market for $106 million.
TIAA-CREF Buys 21 Penn, 2 Herald Square in Midtown Manhattan
The buying spree by TIAA-CREF is so fast and furious lately that the latest deal was actually two of them.
DiamondRock Buys Westin Florida Property for $149M
DiamondRock Hospitality has acquired the fee simple interest in The Westin Beach Resort & Spa, Fort Lauderdale, for $149 million.
STORE Capital Prices Offering, Anticipates Half-Billion in Proceeds
STORE Capital Corp. is going public and the net-lease REIT recently announced the pricing of its initial public offering of 27.5 million shares at $18.50 per share.
Oyster Development, Tricon Get $144M in Financing for San Francisco Condo, Retail Development
A joint venture between Oyster Development Corp. and Tricon Capital will receive $143.5 million in financing for Rockwell, a new condo development located at 1634-1690 Pine St. in San Francisco.
1 WTC Signs Full-Floor Lease with xAd as Latest Tenant
Mobile advertising company xAD has signed a 10-year lease for 43,849 square feet at One World Trade Center, one week after New York City’s newest skyscraper added a gaming company to its growing TAMI roster.
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.