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Blackstone to Acquire LaSalle Hotel Properties for $4.8B
The deal, expected to close in the third quarter, includes 41 properties totaling more than 10,000 guest rooms in 11 markets.
Swift Real Estate Grabs $110M San Francisco Tower
The subdivided condominium interest in the 219,700-square-foot building at 1390 Market St. last traded in 2007 in a deal valued at $42.7 million.
Facebook Signs Largest Office Lease in San Francisco
MetLife Investment Management, The John Buck Co. and Golub & Co. have signed the social media giant for all of Park Tower at Transbay, an upcoming 43-story Class A tower in the metro’s Financial District.
Top 10 Office Projects Under Construction in Ohio
The state’s office market is expected to recover this year. There are 20 projects totaling roughly 1.8 million square feet scheduled for completion by the end of 2018, more than double the deliveries of 2017.
Hilton Divestment Vindicates Blackstone’s Patience
Analysts outline how the company followed up on the unification of Hilton’s domestic and international sides, and why the investor’s moves have paid off so well.
UBS Trades DC Office Asset for $54M
Representing the property owner, HFF secured a buyer for the 110,000-square-foot building and orchestrated acquisition financing on behalf of the investor.
AICPA to Relocate Central Park District Office
The financial organization is set to occupy roughly 30,000 square feet on the 27th floor of Fisher Brothers’ 2 million-square-foot office high-rise.
San Diego Mixed-Use Campus Trades for $97M
NKF Capital Markets represented the owners, which had held the five-building property in La Jolla, Calif., for more than three decades.
Trammell Crow JV to Develop 709 KSF Office Tower in Austin
Scheduled for completion in 2021, the 36-story development will be the tallest and largest office building in the metro and will include more than 10,000 square feet of retail space.
InvenTrust Snags Florida Grocery-Anchored Shopping Center
Tenants at the 120,000-square-foot asset include Marshalls, Ulta Beauty and Chase. At the time of sale, the property was 95 percent occupied.