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Ground Breaks on $500M Ritz-Carlton in NYC
Marriott International and Flag Luxury Group have teamed up to develop the 250-key property in Manhattan’s increasingly popular NoMad neighborhood, adding guest accommodations and branded residences to the market.
StarPoint Acquires Beverly Hills Office Building for $193M
The company plans to renovate and reposition the 46-year-old tower at 433 N. Camden Drive, which ranks as the second-tallest building in the high-end submarket.
KBS Realty Sells 388 KSF Office Campus in Austin
Intercontinental Real Estate Corp. is the new owner of Stonebridge Plaza I & II, a Class A asset comprising two LEED-certified buildings adjoined by a parking garage.
Self Storage Shakeout Ahead?
The sector’s strengths attract both REITS and private capital, yet some insiders worry about overbuilding and downward pressure on rental rates.
Investment Intuition: A Talk With ElmTree Funds’ Founder
Jim Koman touches on the company’s investment focus, his predictions for the industrial sector and the hottest secondary markets right now.
Why This Cycle Is Safer Than the Last One
Joel Stephens, head of Regions Bank’s real estate capital markets group, sheds light on the impact of rising interest rates and aggressive debt origination on financing opportunities.
Lexington Realty Sells Office Portfolio for $726M
The 3.8 million-square-foot collection of properties went to a joint venture in which the REIT owns a 20 percent interest.
Peachtree Snags New Hotel in Charlottesville, VA
HREC Investment Advisors worked on behalf of Titan Hotel Group to arrange the sale of the newly constructed 117-key Fairfield Inn & Suites near the city’s historic downtown.
Harbour Group Inks 24 KSF Office Lease in St. Louis
The privately owned operating company will occupy the space at Pierre Laclede Center, which is part of the KBS Real Estate Investment Trust II portfolio.
Baltimore Office Building Commands Record Price
JLL has facilitated CoreCivic’s $242 million acquisition of a new government-leased, LEED Silver campus in Reisterstown, Md., from an affiliate of The JBG Cos.