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Blackstone Buys Clarion Events
Established in 1947, the London-based event organizer boasts roughly 950 employees in 13 offices across the globe. The transaction includes an option for Clarion to reinvest part of the disposition proceeds into the events company.
Strong Development Softens Demand in Portland
As the metro’s economy continues to thrive and the area adds residents at double the national rate, there is no shortage of large multifamily projects.
Specht, Pacific Coast Sell Portland Airport Warehouse
Interstate Crossroads Distribution Center is fully leased by two credit tenants and sits on 28 acres. The buyer was Toronto-based WPT Industrial REIT.
JLL Launches Workplace Strategy Council
Leading suppliers in architecture, flooring, lighting, furniture and audio-visual technology will meet regularly to create solutions for best work practices.
Concord, Beaufort JV Breaks Ground on NC Hotel
The three-story inn will be part of the Ascend Hotel brand, a collection of historic, boutique and unique properties that feature a sense of local flavor.
North Texas, Corporate Juggernaut
Dallas-Fort Worth has 48,000 multifamily units under construction, but the metro is expected to absorb its substantial pipeline due to rapid demographic expansion.
Trump Bump Gone, Optimism Still Prevails: RCLCO Survey
Almost two-thirds of respondents think the coming downturn won’t begin until 2019, while about a quarter believe it will be next year.
Hines Acquires 650 KSF Berlin Office Campus
The buyer acted on behalf of a Korean real estate fund managed by Vestas. The three-building Allianz Campus is slated for completion by the end of 2018.
Douglas Emmett, QIA Buy $177M Beverly Hills Asset
The 10-story office building is 85 percent leased to a tenant roster including Wells Fargo, Sotheby’s, Morgan Stanley and Longo Law Group.
Billingsley Lands $110M in Dallas Office Refi
HFF secured the three-year loan through Ares Commercial Real Estate Corp. The seven buildings are located in Plano and Carrollton.