Business Specialties
Camden Redevelops Prime Atlanta Property
Camden Property Trust has transformed a 1970s apartment complex it bought three years ago in the highly sought-after Buckhead neighborhood of Atlanta into a luxury community called Camden Paces.
INTERNATIONAL: Singapore Hotel Operator Buys Site in the Center of London
Singapore-based hospitality company UOL Group has selected Heron Plaza as its inaugural project in the city of London.
Hines Acquires 400 KSF Chesapeake Plaza in Fort Worth
Hines’ acquisition of Chesapeake Plaza gives the Houston-based real estate giant its first property in Fort Worth, Texas.
INTERNATIONAL: Constellation Hotels Offers to Buy InterContinental Paris – Le Grand Hotel
InterContinental Hotels Group PLC announced it has received an offer from Constellation Hotels Holding Ltd. to buy its historic InterContinental Paris – Le Grand Hotel.
Concord Hospitality Plans Hyatt House Hotel for Jersey City
Concord Hospitality Enterprises is developing a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, N.J.
Clarion Sells Mexican Shopping Centers to JV Partner
Clarion Partners has sold its 50 percent interest in a 3.2 million-square-foot portfolio of Class A shopping centers in Mexico to its joint venture partner.
Melo Launches Sales for Luxury Miami Condo Tower
The Melo Group has launched sales for Aria on the Bay, an ultra-luxury, 647-unit condominium high-rise in downtown Miami’s Arts & Entertainment District.
AUGUST ISSUE: LIHTC Development Opportunities
Land Rush: Despite tough competition, LIHTC developers are finding sites in major markets.
Shorenstein Gets $170M Loan from MetLife for Manhattan Asset
MetLife Inc. has provided Shorenstein Properties L.L.C. with $170 million in financing for 850 Third Ave., a 21-story, 615,000-square-foot office building on Manhattan’s East Side.
Inland American to Spin Off Lodging Subsidiary
Inland American Real Estate Trust Inc. plans to spin off much of its lodging portfolio, as a publicly traded company called Xenia Hotels & Resorts Inc.