Finance
Anbang Consortium Ups the Ante for Starwood, Surpassing Marriott’s Latest Bid
The Chinese insurance group made a $14 billion offer to acquire Starwood Hotels & Resorts Worldwide, topping Marriott International’s most recent bid.
Global Capital for CRE Investment Reaches New Heights in 2015
The latest report from Cushman & Wakefield shows that 2015 was a record year for global capital targeting commercial real estate.
George Smith Partners Aids Under Armour Build-to-Suit in Portland
George Smith Partners has secured financing for a new build-to-suit office development for Under Armour in Rip City.
Boulan South Beach Developer Sells Luxury Condotel and Retail Units For $25M in Miami Beach
Parc Place Development sold 30 luxury condotel units and two retail units within the Boulan South Beach for $25M.
Renovation of LaGuardia to Take Flight
The Port Authority of New York & New Jersey recently gave the green light for the $4 billion redevelopment of LaGuardia Airport.
Inland Investors Approve Merger with DRA
Inland Real Estate Corp.’s common stockholders have approved the merger between the company and a DRA Advisors subsidiary.
New York City REIT to Buy Midtown Manhattan Office Asset
American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group.
TPG, Phillips Edison Grocery REIT II Team on $250M Venture
The two companies have formed a joint venture to acquire several grocery-anchored retail centers across the U.S.
Two Rector St. in Lower Manhattan Gets New Ownership Group
A joint venture between MEPT and Cove Property Group has acquired the 26-story office tower for a reported $225 million.
MIPIM 2016 Round-Up, Part II: Funding
Investors analyzed the current trends in the real estate investment environment at the closed-door MIPIM RE-Invest Summit in Cannes.