Business Specialties
Carey Watermark Buys NYC Holiday Inn Hotel for $113M
Carey Watermark Investors has made its first New York City acquisition with the $113 million purchase of the 226-room, 24-story Holiday Inn Manhattan 6th Avenue in Chelsea.
Meridian Arranges $55M Refi of 5 Columbus Circle in NYC
Five Columbus Circle, the 225,700-square-foot office tower at 1790 Broadway in Manhattan, has been refinanced to the tune of $55 million.
Barwa RE Unveils Plans for $5.5B M-U Resort in Qatar
Barwa Real Estate, one of Qatar’s leading real estate management and investment companies, has launched a $5.5 billion residential and resort project slated to rise on an artificial island off the coast of Doha.
Tishman Speyer Acquires 570 KSF Paris Office Building
Global real estate owner, operator and developer Tishman Speyer has acquired Tour Pacific, a 570,000-square-foot office building in Paris from Ivanhoe Cambridge.
Magnolia Marketplace to Be Developed by Joint Venture
Covington, LA-based Stirling Properties has announced forming a joint venture with JCH Development, a New Orleans-based boutique urban real estate development for the Magnolia Marketplace Shopping Center in New Orleans.
City to Build 100 Green Homes in North Minneapolis
Mayor R.T. Rybak and the City of Minneapolis are spearheading a project dubbed as the Green Homes North Initiative. The plan, scheduled to start this summer, calls for the construction of 100 green or energy efficient homes throughout north Minneapolis on City-owned vacant lots.
U.S. Bank Provides $55M for Affordable Seniors Housing Project in LA
U.S. Bank has given a big helping hand in the addition of 165 new units to Los Angeles’ depleted affordable housing market.
Glimcher to Regain Tampa Center, Sell Interest in Portland’s Lloyd Center
Glimcher Realty Trust plans to purchase the remaining interest in WestShore Plaza, Tampa, from its joint venture partner, an affiliate of Blackstone Real Estate Partners VI, for $112 million.
West Angeles Community Development Corporation Debuts New Community-Helping Project
A brand new development was recently unveiled in the Crenshaw Corridor, bringing the spotlight on an area of the city that has been in serious need of a makeover. The $8.5 million investment was handled by the West Angeles Community Development Corporation and Union Bank and is located at 3501 Jefferson Boulevard. Continue reading →