Business Specialties
CNL Healthcare Properties Acquires Medical Office Buildings in Florida, California
CNL Healthcare Properties has acquired two medical office buildings in Coral Springs, Fla., and two medical office buildings in Chula Vista, Calif., for a total of $60 million.
PM Realty, Atlas USA to Redevelop $1B M-U Site in Houston
PM Realty Group and financial partner Atlas U.S.A. Holdings will undertake the redevelopment of a 35-acre parcel in Houston’s Energy Corridor that is currently the location of ExxonMobil Chemical Co.
Podcast: Lenders, Mortgage Banks Optimistic on 2014
Jack Kern and Mike Ratliff dissect the changing nature of mortgage banking, as well as the challenges and opportunities 2014 should present to the industry.
Campus Crest Communities JV Buys Montréal Hotel to be Converted into Urban Student Housing Tower
U.S.-based Campus Crest Communities Inc. in a joint venture partnership with Geneva- and London-based Beaumont Partners SA acquired the 488-room Holiday Inn Midtown in Montréal.
Executive Spotlight, Stuart Tanz, Retail Opportunity Investments Corp.
Stuart Tanz is on his way to making Retail Opportunity Investments Corp. another Pan Pacific Retail Properties.
City of New York Renews, Expands to 233 KSF at Queens Atrium
Not only has the New York City Department of Design and Construction renewed its commitment to its home base at Queens Atrium in Long Island City in Queens, N.Y., the agency has also taken on some more elbowroom.
FRHI Hotels & Resorts to Open 7 Properties in Key International Markets in 2014
FRHI Hotels & Resorts (FRHI) will open a collection of seven properties in 2014. The new hotels, totaling 1,300 guestrooms, will be located in Russia, Turkey, Saudi Arabia, the UAE and Indonesia.
DC’s L’Enfant Plaza Hotel to Undergo Renovation after Acquisition by Hotel Group
The new owners of the L’Enfant Plaza Hotel, an iconic luxury hotel in Washington, D.C., said this week the 372-key property is closed and will be undergoing a major renovation, expected to be completed sometime next year.
HSB to Acquire 500 KSF Hartford HQ from Hines
One State Street, a 500,000-square-foot office building in Hartford, is about to become tenant-owned. The Hartford Steam Boiler Inspection and Insurance Co., the property’s lead occupant with 168,000 square feet of space, has entered into an agreement to acquire its corporate headquarters location from Hines.