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Trigild, Blu Hotel JV Buys 121-Room Santa Ana Hampton Inn & Suites
Just five months after forming a strategic alliance to build, buy and operate hotel properties, Trigild and Blu Hotel Investors have made their first acquisition, the Santa Ana Hampton Inn & Suites in Santa Ana.
Chesapeake Lodging Trust Acquires Hyatt Place New York Midtown South
Chesapeake Lodging Trust has closed on its acquisition of the newly developed, 185-room Hyatt Place New York Midtown South for $76 million.
PREA Special Report: Housing Still Surest Bet in CRE
Despite construction costs on the rise and financing still not being up to par to pre-Great Recession times, real estate is still the soundest investment of today and tomorrow, according to commercial real estate high rollers who spoke at Pension Real Estate Association’s 2013 Spring Conference in Washington, D.C.
JDS Development Acquires Murray Hill Lot with $172M in Meridian Financing
JDS Development Group has acquired a 730,426-square-foot development site in New York City’s popular Murray Hill neighborhood from Sheldon Solow for a reported $172 million, with plans to build two multi-family towers on the two-acre vacant lot.
Cutting-Edge System Will Harness Waste Heat at $750M Vancouver Project
The system at the Telus Garden mixed-use development will cut the property’s carbon dioxide emissions by 1 million kilograms annually.
Crescent Resources Starts Construction of $67M M-F Project in Buckhead
The project will add 355 units to the Terminus master-planned development when is complete next spring.
Ramco-Gershenson Buys Clarion Partners’ Stake in 12 Shopping Centers
In a $256.8 million deal, Ramco-Gershenson will gain sole ownership of a dozen assets in Florida and Michigan currently held in joint venture with Clarion Partners.
MIPIM Special Report: Global Healthcare, Seniors Housing Dynamics
A panel of experts at the global real estate conference discusses the robust and widely varied global opportunities in seniors housing and healthcare real estate.
Economy Watch: Healthy Rise for February Retail Sales; HARP Refinancings Topped 1 Million in 2012
Retail and food services sales rose 1.1 percent last month and 4.6 percent compared to February 2012.; nearly 1.1 million refinancings were completed through the federal HARP program last year.
NFR, Oaktree Buy 3 MSF Office Portfolio for $241M
It could take years to amass 3.4 million square feet of high-quality office space or it could happen overnight, as it did for National Financial Realty and Oaktree Capital Management.