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$2.6B Encore Boston Harbor to Open in June
Believed to be Massachusetts’ largest project ever completed in a single phase, Wynn Resorts’ development will feature a 671-key hotel and a casino with 3,000 gaming positions.
Summit Hotel Properties Sells Multi-State Portfolio for $135M
The company completed the disposition of six assets totaling more than 800 guestrooms, located in Massachusetts, Texas, Minnesota, Utah and California.
Sizing Up New York City’s Far-Reaching Climate Bill
Real estate investors, developers and advisers are assessing the legislation, which is being praised for its boldness and criticized for focusing on large and medium-sized properties.
Four Seasons Nashville Lands $360M in Financing
HFF orchestrated the debt and equity package for The Congress Group and AECOM Capital’s development of the 232-key hotel and residential project.
Texas’ Top Office Deliveries
As construction activity remains steady nationwide, deliveries in the Lone Star State have significantly bolstered the existing inventory across major metros over the past 12 months.
Blackstone’s Conversion Earns Favorable Reviews
Observers respond favorably to the company’s decision to convert from a publicly traded partnership to a corporation.
TIG Raises $200M for New Fund
The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.
PCCP Provides $103M Loan for Silicon Valley Office Project
Renault & Handley Mid-Peninsula Joint Venture is building 600 Clyde Ave., a 190,000-square-foot development in Mountain View, Calif., which will be occupied in its entirety by Google.
Experts Talk Where to Invest, What to Avoid
Economists and real estate insiders at the ULI Spring Meeting share their insights on which sectors will do well and what factors will affect the economy over the next three years.
Investors Still Cautious After Brexit Delay
Commercial real estate executives say capital is still flowing into London and the U.K., particularly for those making long-term plays, but the recent decision to postpone Brexit is keeping some on the sidelines for now.