Business Specialties
Starwood Capital Closes $1B Purchase of Seven Westfield Malls
Starwood Capital Group is now 6.6 million square feet larger. The global private investment firm recently wrapped up its acquisition of a 90 percent stake in seven shopping centers from Sydney, Australia’s Westfield Group in a transaction valued at just over $1 billion. DDR’s Scott Wolstein will spearhead the new division.
Solis Announces New Five-Star Guangzhou Hotel
Solis Hotels & Resorts announced plans to build a 260-unit luxury hotel in Guangzhou, China. The Solis Guangzhou will be the company’s third property under construction in China this year.
Starwood Hotels Celebrates Passing 100-Hotel Mark in China with Plans for Another 100
Starwood Hotels & Resorts Worldwide, one of the leading international hotel and leisure companies, celebrated an important milestone, the passing of the 10o-hotel mark in its second-largest market outside the United States.
Palace Hotel Tokyo Aims to Bring New Brand of Luxury to Japanese Capital
The city of Tokyo gained a new addition to its hospitality market with the opening of the Palace Hotel Tokyo.
Red Capital Taps Industry Expert to Lead Healthcare, Seniors Housing Expansion
Growth in demand for healthcare and seniors housing financing has prompted Red Capital Group L.L.C. to expand its seniors housing and healthcare platforms, and it has tapped industry veteran Kathryn Burton Gray to lead the charge.
Lowe Enterprises Buys Houston's Hotel Derek
The Hotel Derek, a 314-room independent boutique hotel in Houston’s Galleria area, has been acquired by Lowe Enterprises Investors on behalf of a national hotel investment venture it formed last year with Guardian Life Insurance Co. of America and a subsidiary of Allstate Insurance Co.
BOMA Special Report: Stephenson Stresses Vigilance for Tenant Savings
Office building owners and managers can convince tenants to significantly reduce energy consumption – but they need to be vigilant in ongoing communication and relations efforts, stressed Jenny Stephenson, program manager with the U.S. Environmental Protection Agency’s Energy Star program, during BOMA International’s Every Building conference in Seattle.
Economy Watch: Euro Summit Gladdens Investors for Now; Foreclosures More Extreme at State Level
Word from the negotiating nabobs in Europe on Friday seemed to be positive, though as usual the details of the agreement remained a little elusive. CoreLogic reported a slight uptick in foreclosures at the federal level, but more significant changes–both positive and negative–among a number of states.
Maxim Invests $65M to Expand San Antonio Facility
By Camelia Bulea, Associate Editor Maxim Integrated Products Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest approximately $65 million to expand its semiconductor fabrication facility in San Antonio. Purchased in 2003 from Philips Semiconductors Inc., the 380,000-square-foot facility will also undergo an equipment upgrade as part of the same investment, according […]
Hong Kong Developer Invests in Greenwich Peninsula Mixed-Use Project
Quintain Estates and Development plc has announced that Dr. Henry Cheng Kar-Shun’s investment vehicle, Knight Dragon, has taken on a 60 percent stake in the Greenwich Peninsula mixed-use development project in London.