Business Specialties
Looking to Downsize, National Trust to Sell DC HQ to AEI
The American Enterprise Institute and the National Trust for Historic Preservation have completed a purchase and sale agreement for the latter’s long-time headquarters building at 1785 Massachusetts Ave. NW., in Washington, D.C.’s Dupont Circle neighborhood.
Pierce Education, Core Properties Buy 1,692-Bed Student Housing Complex in NC
In a joint venture, Pierce Education Properties and Core Properties have just enhanced their portfolio with the addition of North Campus Crossing, a premier off-campus housing community near Eastern Carolina University in Greenville, N.C.
Hines Starts Construction on M-F Project in Atlanta’s Brookhaven
In the latest expansion of its multi-family business, Hines has begun construction on @1377, a luxury multi-family complex on Dresden Drive in the Brookhaven neighborhood of Atlanta.
West End Summit Adds InterContinental Hotel in Nashville
Alex. S. Palmer & Co. and Concord Hospitality have signed a letter of intent for the development of an InterContinental Hotel in Nashville, as part of Palmer’s West End Summit.
Luxury Twin Towers Planned for Australia’s Top Investment Suburb
A new iconic twin tower development project is planned by Sydney-based Australian and Japanese trust fund Galileo in South Brisbane.
Hines Picks Up Mercedes-Benz Bank Building in Germany
International real estate firm Hines purchased the Mercedes-Benz Bank Building in Stuttgart, Germany, for a reported $70 million.
GoldOller Grabs 555-Unit Jacksonville M-F for $56M
GoldOller Real Estate Investments continues to enhance its portfolio of high-quality multi-family assets in secondary and tertiary markets with the acquisition of Country Club Lakes Apartments in Jacksonville.
Stockbridge, SBE, Daniels JV to Develop $400M SLS Hotel Seattle
One day after announcing it was breaking ground on SLS Las Vegas, hospitality developer SBE Entertainment Group said it was bringing the SLS hotel brand to downtown Seattle, where it will team with Stockbridge Capital Group and Daniels Real Estate to put a 184-room luxury hotel in Daniels’ planned $400 million M-U tower.
Multi Corporation Investing $950M in Turkish Retail Market
In preparation for the upcoming international real estate show (MIPIM), Multi Corporation has arranged a presentation including its ramped up investments in the Turkish retail market.
Marriott to Build Courtyard Hotel in Lima
Marriott International is set to expand its operations in the South American state of Peru with a brand new Courtyard by Marriott Hotel location in Lima, the country’s third largest city.