Property Types
Sheraton in Pleasanton, Calif., Changes Hands for $12.3M
A partnership of real estate investment firms has purchased the 170-room Sheraton Pleasanton Hotel for $12.3 million.
Ontario’s 55-Acre Historic Guasti District Enters First Phase
The city of Ontario, Calif., has begun preservation work on nine buildings totaling approximately 175,000 square feet, the first phase of work in the construction of the Historic Guasti District.
National Apartment Report: Sector Set for Recovery
The worst is over for the U.S. apartment market, according to Marcus and Millichap’s 2010 National Apartment Report. A survey of 44 nationwide markets based on forecast supply and demand conditions, the report found that a drop in construction has set the stage for a recovery this year.
Approval of Master Plan Paves Way for Beleaguered GGP’s Massive Mixed-Use Project in Suburban Maryland
Debt-laden General Growth Properties is in the midst of restructuring after having filed for Chapter 11 bankruptcy projection in April 2009, but the Chicago-based REIT is not allowing its current financial woes to sideline development plans.
Fried Frank Takes Space in One of Two U.S. LEED-Certified Platinum Buildings
When Fried, Frank, Harris, Shriver & Jacobson LLP decided to get greener, the international law firm decided moving boxes were in the plan. It was announced Friday that Fried Frank has signed a 16-year, 102,000 square-foot lease on Lafayette Tower at 801 17th Street, N.W. in Washington, D.C., and will move into its new quarters in about a year.
Orient-Express Goes for Growth, Snaps Up Pair of Properties for $117M
Bermuda-based hotelier Orient-Express this week confirmed that it has completed the purchase of the Grand Hotel Timeo and Villa Sant’Andrea, both in Taormina, Sicily. Orient-Express bought the pair of properties from The Framon Group for a combined $117 million.
Discount Retail on the Rise
Today’s announcement that Dollar General plans to open 600 new stores nationwide underscores the strong showing that discount stores have made in today’s turbulent market.
Calpine to Build First U.S. Power Plant with Emissions Limits
The power company Calpine said Thursday that it has gotten the go-ahead to build the country’s first plant with a federal limit on greenhouse gas emissions.
NHI Wraps Up $67M Purchase of Six Florida Nursing Facilities, Plans to Purchase More
Murfreesboro, Tenn.-based National Health Investors Inc. has added six skilled nursing facilities in Florida to its property portfolio via a $67 million transaction with Nashville-based Care Foundation of America Inc.
Voters Reject Alameda Point Development Project
Voters in the San Francisco Bay Area city of Alameda have soundly voted down Measure B, which would have provided for development on Alameda Point, a former Naval air station.