Investment
State Greenlights $115M Hotel at the University of Maryland
Now that the State of Maryland has given its approval, the University of Maryland will soon offer a four-star hotel at its campus in College Park, Md.
H&R Real Estate Investment Trust Acquires Winnipeg Center for $138.5M
H&R Real Estate Investment Trust has acquired Kildonan Place, a shopping center located in Winnipeg, for $138.5 million from a joint venture consisting of Ivanhoé Cambridge and Sears Canada.
INTERNATIONAL: Carlson Rezidor to Open Two New Hotels in Poland in 2016
Carlson Rezidor, one of the largest hotel companies in the world, is scheduled to open the Radisson Blu Resort, Świnoujscie and and the Radisson Blu Hotel & Residences, Zakopane in the fourth quarter of 2016.
INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities
Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.
Economy Watch: Home Price Increases Continue to Slow; Non-Manufacturing Sector Grows
Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 over the previous year, while economic activity in the non-manufacturing sector grew last month for the 54th consecutive time.
USAA Real Estate JV Grabs 280-Unit Multi-Family Tower in Chicago
USAA Real Estate Co. recently joined forces with Golub & Co. to acquire Chestnut Place, a 280-unit apartment building in Chicago.
Moinian Secures Loan for Manhattan’s Largest Apartment Tower Under Construction
Development of 605 West 42nd St., The Moinian Group’s luxury residential tower, can continue now that the firm has secured a construction loan. The New York-based developer also announced that SL Green has signed on as an investor.
Rockefeller Group Acquires 236 KSF Office Portfolio in Beverly Hills
Rockefeller Group Investment Management Corp. has acquired UTA Plaza and The Ice House, a premier 236,000-square-foot portfolio on Civic Center Drive in Beverly Hills, Calif., from Tishman Speyer.
Grosvenor Buys M-F Asset in Suburban Washington for $108M
Grosvenor Americas has purchased Avalon Fair Oaks, a 491-unit apartment community in Fairfax, Va., and will rebrand the property Wheelhouse of Fair Oaks.
Realty Mogul Crowdfunds 150 KSF Georgetown Plaza in DC
Realty Mogul crowdfunded a 150,000-square-foot Washington, D.C., office property on behalf of JOSS Realty Partners.