Investment
Sunstone to Acquire 544-Key Maui Resort for $326M
Sunstone Hotel Investors has entered into a definitive agreement to acquire the 544-key Wailea Beach Marriott Resort & Spa for $326 million, or $598,600 per key, from an affiliate of Blackstone Real Estate Partners IV.
Thor Equities Adds to Manhattan Footprint with $590M Deal for 530 Fifth Ave.
The sale price is $200 million more than Rockwood Capital, Jamestown, Murray Hill Properties and Crown Acquisitions paid when the building last traded in January 2012.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
LaSalle Hotel Properties Wraps $93M Sale of Hilton Alexandria Old Town
The Bethesda-based REIT, which announced the sale earlier this month, acquired the 246-key hotel in 2004 for $59 million.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
INTERNATIONAL: CPPIB, Hermes Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board and Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a JV comprising Jadwa Investment and developer CIT Group.
TPG Capital JV Buys DTZ for $1.1B, Taps Brett White as Investor
A private equity consortium led by TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan has agreed to buy global property services firm DTZ from UGL Ltd. of Australia for $1.1 billion.
Core and Value Advisors Buys 108-Unit M-F Property in Wilmington, Mass.
Core and Value Advisors has purchased Metro at Wilmington Station, a 108-unit apartment community located in Wilmington, Mass., from a joint venture between EA Fish Development and Real Estate Capital Partners.
Colliers Acquires Leading Property Specialist in London
FirstService Corp. subsidiary Colliers International has acquired H2SO Property Consultants, one of London’s leading independent commercial property specialists.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.