Business Specialties
Corvex Boosts ARCP, Stock Jumps
There’s the accounting debacle, investigations and many a resignation, but the latest news from American Realty Capital Properties Inc., while gossip-worthy, is without scandal or negativity even.
Regency Centers Helps Seattle Grow with Another Purchase
Regency Centers has acquired Broadway Market, a mixed-use property in the Capitol Hill neighborhood of Seattle, from a joint venture of Madison Marquette and LaSalle Investment Management.
Whitestone REIT Shows Keen Interest in Sugar Land
Whitestone REIT has made its first purchase in Houston since becoming publicly traded in 2010 with the purchase of a 262-square foot shopping center in the city’s desirable Sugar Land community.
Starwood Hotels Spends NYE Opening Three Hotels in China
On the very last day of 2014, Starwood Hotels & Resorts Worldwide made a big splash in its China expansion endeavor with the announcement of the opening of not one, not two, but three hotels totaling 929 guestrooms.
Toll Bros. Buys NYC Non-Profit Building for $135M
Toll Brothers can move ahead with development of another urban condo project now that it has closed on its purchase of 122 E. 23rd St., owned by United Cerebral Palsy of New York City.
Douglas Emmett Acquires 468-Unit M-F Property in Honolulu
Santa Monica-based REIT Douglas Emmett has purchased a 468-unit multi-family property in central Honolulu for $146 million.
PANYNJ Report: Sell Assets, Limit CRE Investment Not ‘Integral’ to Transportation
The Port Authority of New York and New Jersey manages a real estate portfolio with more than 12,000 acres of land as well as 45 million square feet of office, industrial and retail space. But unless those assets move people or cargo, they are soon likely to have a for sale sign slapped on them.
XLD Buys LAX Marriott in L.A. from Diamondrock Hospitality
XLD Century has acquired the LAX Marriott, an 18-story hotel in Los Angeles, from Diamondrock Hospitality Co. for $160 million.