Investment
REITWeek Special Report: Blackstone’s Gray on Where to Find Value
Jonathan Gray, Blackstone’s global head of real estate, dispenses advice on how to find assets that will outperform in today’s real estate cycle at REITWeek in New York City.
JPMorgan Chase Grabs 58-Acre Suburban Delaware Office Campus
JPMorgan Chase & Co. has just gotten its hands on 357,500 square feet of top-notch office space in Wilmington, Del., with the acquisition of biopharmaceutical company AstraZeneca’s 58-acre South Campus.
Ventas to Acquire ARC Healthcare REIT for $2.6B in Stock and Cash
Ventas, the biggest healthcare REIT in the U.S., plans to grow even larger with two acquisition deals totaling $3.5 billion, including the $2.6 billion purchase of a competitor: American Realty Capital Healthcare Trust.
Hilton Worldwide Launches New Brand: Curio
Hilton Worldwide broadens its horizons yet again, this time with the announcement of its new brand: Curio.
Port Authority Focusing on Private Capital for Silverstein’s 3 WTC Building
The Port Authority of New York and New Jersey met on Wednesday and revealed a change in its approach to the financing for Silverstein Properties Inc.’s development of 3 World Trade Center.
Retail Opportunity Investments to Buy Fallbrook Shopping Center for $210M
Retail Opportunity Investments Corp. has entered into a binding contract to acquire Fallbrook Center, in West Hills, Calif., for $210 million in cash.
Carey Watermark JV Buys 365-Room Sheraton Austin Hotel at the Capitol
Carey Watermark Investors Inc. has Austin under its skin. The company just made its second acquisition in the city in two months with the purchase of the 365-room Sheraton Austin Hotel at the Capitol, in a joint venture with JMI Realty.
Accor’s HotelInvest Acquires 2 Hotel Portfolios for $1.2B
Accor’s HotelInvest business is adding two real estate portfolios, having agreements to purchase a total of 97 hotels for a combined fee of $1.2 billion.
Berkadia Buys Keystone Commercial Capital
Berkadia Commercial Mortgage L.LC. added new offices in three U.S. cities to its growing company and more than $2 billion in commercial real estate loans to its servicing portfolio with the acquisition of Keystone Commercial Capital.
MAY ISSUE: Albertsons-Safeway Merger Continues Grocery Consolidation
The pending mega-merger between supermarket giants Albertsons and Safeway reflects important trends in the grocery business, according to industry observers, some of whom also have strong opinions about how this deal will play out over time.